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NYSE:KR

Kroger (KR) Stock Price, News & Analysis

$48.21
+0.37 (+0.77%)
(As of 02/23/2024 ET)
Today's Range
$47.76
$48.44
50-Day Range
$44.62
$48.21
52-Week Range
$42.10
$50.36
Volume
3.41 million shs
Average Volume
4.33 million shs
Market Capitalization
$34.68 billion
P/E Ratio
18.76
Dividend Yield
2.41%
Price Target
$53.30

Kroger MarketRank™ Stock Analysis

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
10.6% Upside
$53.30 Price Target
Short Interest
Healthy
2.42% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-2.13
Upright™ Environmental Score
News Sentiment
0.35mentions of Kroger in the last 14 days
Based on 38 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-4.82%
From $4.56 to $4.34 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.41 out of 5 stars

Retail/Wholesale Sector

28th out of 207 stocks

Grocery Stores Industry

1st out of 10 stocks


KR stock logo

About Kroger Stock (NYSE:KR)

The Kroger Co. is a well-established supermarket chain that has been in operation for over a century. The company is headquartered in Cincinnati, Ohio and operates over 2,700 supermarkets and multi-department stores across 35 states under various banners, including Kroger, Ralphs, Smith's, King Soopers, and Fry's. The company's extensive network of stores and diverse range of products and services has made it one of the most prominent players in the US retail industry.

In addition to groceries, Kroger sells health and beauty products and household essentials and provides pharmacy services. The company strongly emphasizes community involvement, sustainability, and innovation, with its "Zero Hunger Zero Waste" program aiming to eliminate hunger and waste in its communities by 2025. This initiative has garnered significant attention and praise from consumers and investors alike, with the company's commitment to social responsibility resonating with many stakeholders.

Kroger is led by a highly experienced and diverse management team, with Rodney McMullen serving as the Chairman of the Board and Chief Executive Officer. McMullen has been with Kroger since 1978 and was appointed CEO in 2014. His extensive experience in various leadership roles within the company has helped to guide Kroger through changes in consumer preferences and increased competition. 

Over the past few years, Kroger has demonstrated consistent financial performance, with revenue increasing yearly. Notably, net income is relatively low compared to revenue due to Kroger's relatively low-profit margin. In 2022 Kroger's made a net income of $1.6 billion from over $137 billion in sales. These financial results have been achieved despite the highly competitive nature of the retail industry, highlighting the company's ability to adapt to changing market conditions and consumer preferences.

Kroger's long-term debt is significant, but the company has adequate assets to cover the debt burden. While this level of debt may concern some investors, it is worth noting that the company sold its convenience store business for $2.15 billion in 2019, which allowed it to reduce its debt levels and focus on its core supermarket business.

Kroger's valuation metrics compare favorably to its industry peers, with a price-to-earnings ratio and a price-to-book ratio below the industry average. The company's market capitalization is approximately $34 billion, and it has consistently paid dividends to its shareholders over the past decade. 

In terms of market performance, the company has also experienced increased demand for its online grocery ordering and delivery services, which has helped to offset the decline in in-store shopping during the pandemic. This shift towards digital channels has been a key focus for Kroger in recent years, with the company investing heavily in its online capabilities to serve its customers better.

Kroger operates in the highly competitive grocery industry, which has seen increased consolidation and disruption in recent years. The company faces competition from traditional brick-and-mortar supermarkets and online retailers such as Amazon and Walmart. These competitors have invested heavily in their online capabilities, putting pressure on Kroger to keep up with the industry's changing landscape.

In addition to the competitive pressures, the grocery industry is subject to significant regulatory and political issues that may impact Kroger's operations. The company must adhere to strict regulations regarding food safety, labeling, and pricing, among other things. Furthermore, changes in government policies related to tariffs, trade agreements, and labor laws may also impact the company's operations and profitability.

Despite these challenges, Kroger has identified several growth opportunities that could help the company maintain its position as a leader in the industry. One of these opportunities is to expand its private label products, which have higher profit margins than branded products. Kroger has already made significant strides in this area, with private-label products accounting for over 30% of its sales in recent years.

Kroger may also pursue acquisitions or partnerships to expand its operations and reach new markets. The company has already made several acquisitions in recent years, including purchasing the meal kit company Home Chef and the merger with meal kit delivery company Ocado. These acquisitions have helped Kroger to diversify its offerings and expand its reach in the fast-growing meal kit market.

Despite the growth opportunities, Kroger faces risks and challenges that may impact its future performance. One of the most significant risks is changes in consumer preferences, which could reduce demand for traditional supermarkets and increase competition from non-traditional retailers. Kroger must continually adapt to changing consumer needs and preferences to remain competitive.

Another challenge facing Kroger is the increasing pressure to provide competitive pricing to consumers. The company must balance the need to maintain profit margins with the demand for affordable products, which could impact its profitability in the long run.

Kroger is subject to potential disruptions in its supply chain, which could impact its ability to provide products to its customers. Disruptions could occur due to natural disasters, global pandemics, or other unexpected events that could affect the company's operations and profitability.

KR Stock Price History

KR Stock News Headlines

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Kroger Serves Up Cozy Mid-Winter Meal Solutions
Stock Traders Purchase High Volume of Kroger Call Options (NYSE:KR)
Kroger (KR) Rises As Market Takes a Dip: Key Facts
Kroger Spotlights Black-owned Brands and Entrepreneurs
See More Headlines
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Company Calendar

Ex-Dividend for 12/1 Dividend
11/14/2023
Last Earnings
11/30/2023
Dividend Payable
12/01/2023
Ex-Dividend for 3/1 Dividend
2/14/2024
Today
2/23/2024
Dividend Payable
3/01/2024
Next Earnings (Confirmed)
3/07/2024
Fiscal Year End
1/31/2025

Industry, Sector and Symbol

Industry
Grocery stores
Sub-Industry
Food Retail
CUSIP
50104410
Employees
430,000
Year Founded
1883

Price Target and Rating

Average Stock Price Target
$53.30
High Stock Price Target
$65.00
Low Stock Price Target
$46.00
Potential Upside/Downside
+10.6%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
8 Analysts

Profitability

Net Income
$2.24 billion
Pretax Margin
1.71%

Debt

Sales & Book Value

Annual Sales
$148.26 billion
Cash Flow
$9.64 per share
Book Value
$13.99 per share

Miscellaneous

Free Float
709,495,000
Market Cap
$34.68 billion
Optionable
Optionable
Beta
0.45

Social Links

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Should I Buy Kroger Stock? KR Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Kroger was last updated on Monday, February 19, 2024 at 8:09 PM.














KR Stock Analysis - Frequently Asked Questions

Should I buy or sell Kroger stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Kroger in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" KR shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in KR, but not buy additional shares or sell existing shares.
View KR analyst ratings
or view top-rated stocks.

What is Kroger's stock price target for 2024?

8 Wall Street analysts have issued 12-month price objectives for Kroger's stock. Their KR share price targets range from $46.00 to $65.00. On average, they predict the company's stock price to reach $53.30 in the next year. This suggests a possible upside of 10.6% from the stock's current price.
View analysts price targets for KR
or view top-rated stocks among Wall Street analysts.

How have KR shares performed in 2024?

Kroger's stock was trading at $45.71 at the start of the year. Since then, KR shares have increased by 5.5% and is now trading at $48.21.
View the best growth stocks for 2024 here
.

Are investors shorting Kroger?

Kroger saw a drop in short interest in January. As of January 31st, there was short interest totaling 17,270,000 shares, a drop of 13.0% from the January 15th total of 19,840,000 shares. Based on an average trading volume of 4,840,000 shares, the short-interest ratio is presently 3.6 days. Currently, 2.4% of the shares of the stock are short sold.
View Kroger's Short Interest
.

When is Kroger's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our KR earnings forecast
.

How can I listen to Kroger's earnings call?

Kroger will be holding an earnings conference call on Thursday, March 7th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Kroger's earnings last quarter?

The Kroger Co. (NYSE:KR) announced its quarterly earnings data on Thursday, November, 30th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.04. The firm earned $33.96 billion during the quarter, compared to analyst estimates of $33.90 billion. Kroger had a trailing twelve-month return on equity of 30.22% and a net margin of 1.27%. The firm's quarterly revenue was down .7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.88 EPS.
Read the conference call transcript
.

How often does Kroger pay dividends? What is the dividend yield for Kroger?

Kroger declared a quarterly dividend on Friday, January 19th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.29 per share on Friday, March 1st. This represents a $1.16 annualized dividend and a yield of 2.41%. The ex-dividend date is Wednesday, February 14th.
Read our dividend analysis for KR
.

Is Kroger a good dividend stock?

Kroger (NYSE:KR) pays an annual dividend of $1.16 per share and currently has a dividend yield of 2.43%. The company has been increasing its dividend for 18 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 45.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, KR will have a dividend payout ratio of 26.73% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for KR.

When did Kroger's stock split?

Shares of Kroger split on the morning of Tuesday, July 14th 2015. The 2-1 split was announced on Thursday, June 25th 2015. The newly created shares were distributed to shareholders after the closing bell on Monday, July 13th 2015. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

What guidance has Kroger issued on next quarter's earnings?

Kroger issued an update on its FY 2023 earnings guidance on Monday, December, 11th. The company provided earnings per share guidance of 4.500-4.600 for the period, compared to the consensus earnings per share estimate of 4.530. The company issued revenue guidance of -.

What is Rodney McMullen's approval rating as Kroger's CEO?

3,238 employees have rated Kroger Chief Executive Officer Rodney McMullen on Glassdoor.com. Rodney McMullen has an approval rating of 46% among the company's employees. This puts Rodney McMullen in the bottom 25% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Kroger own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Kroger investors own include Intel (INTC), Advanced Micro Devices (AMD), Walt Disney (DIS), NVIDIA (NVDA), Cisco Systems (CSCO), AT&T (T), Micron Technology (MU), JPMorgan Chase & Co. (JPM), Johnson & Johnson (JNJ) and General Electric (GE).

Who are Kroger's major shareholders?

Kroger's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (11.35%), Sanders Capital LLC (3.31%), Capital World Investors (2.01%), Dimensional Fund Advisors LP (1.75%), LSV Asset Management (1.31%) and Northern Trust Corp (1.00%). Insiders that own company stock include Calvin J Kaufman, Carin L Fike, Carin L Fike, Christine S Wheatley, Gary Millerchip, Kenneth C Kimball, Marc Benioff, Mark C Tuffin, Mary Ellen Adcock, Ronald Sargent, Stuart Aitken, Susan J Kropf, Timothy A Massa, Todd A Foley, Valerie L Jabbar and Yael Cosset.
View institutional ownership trends
.

How do I buy shares of Kroger?

Shares of KR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Kroger have any subsidiaries?
The following companies are subsidiares of Kroger: 84.51 HQ Building Company LLC, 84.51 LLC, Alpha Beta Company, Ansonborough Square Investors I LLC, Ansonborough Square Retail LLC, Ardrey Kell Investments LLC, Bay Area Warehouse Stores Inc., Beech Tree Holdings LLC, Bleecker Ventures LLC, Bluefield Beverage Company, Box Cutter Inc., CB&S Advertising Agency Inc., Cala Co., Cala Foods Inc., Cheeses of All Nations Inc., Country Oven Inc., Crawford Stores Inc., Creedmoor Retail LLC, Dillon Companies LLC, Dillon Real Estate Co. Inc., Dillons, Distribution Trucking Company, Dotto Inc., Edgewood Plaza Holdings LLC, Embassy International Inc., FM Inc., FMJ Inc., Farmacia Doral Inc., Food 4 Less GM Inc., Food 4 Less Holdings Inc., Food 4 Less Merchandising Inc., Food 4 Less of California Inc., Food 4 Less of Southern California Inc., Fred Meyer, Fred Meyer Inc., Fred Meyer Jewelers Inc., Fred Meyer Stores Inc., Glasswing Labs LLC, Glendale/Goodwin Realty I LLC, Grubstake Investments LLC, HT Fuel DE LLC, HT Fuel NC LLC, HT Fuel SC LLC, HT Fuel VA LLC, HTGBD LLC, HTP Bluffton LLC, HTP Plaza LLC, HTP Relo LLC, HTPS LLC, HTTAH LLC, Harris Teeter, Harris Teeter LLC, Harris Teeter Properties LLC, Harris Teeter Supermarkets Inc., Harris-Teeter Services Inc., Healthy Options Inc., Henpil Inc., Home Chef, Hood-Clayton Logistics LLC, Hughes Markets Inc., Hughes Realty Inc., I.T.A. Inc., IRP LLC, ITAC 119 LLC, ITAC 265 LLC, Inter-American Foods Inc., Inter-American Products Inc., J.V. Distributing Inc., Jondex Corp., Jubilee Carolina LLC, KCDE – 2013 LLC, KCDE-2 LLC, KCDE-3 LLC, KCDE-4 LLC, KCDE-5 LLC, KGO LLC, KPF LLC, KPS LLC, KRGP LLC, KRLP Inc., KV Anderson LLC, Kee Trans Inc., Kessel FP, Kiosk Medicine Kentucky LLC, Kirkpatrick West Retail LLC, Kroger Community Development Entity LLC, Kroger Dedicated Logistics Co., Kroger Fulfillment Network LLC, Kroger G.O. LLC, Kroger HQ LLC, Kroger LM Real Estate Holdings LLC, Kroger Limited Partnership I, Kroger Limited Partnership II, Kroger MC Holdings LLC, Kroger MTL Management LLC, Kroger Management Co., Kroger Management – Corryville LLC, Kroger Management – NMTC Athens I LLC, Kroger Management – NMTC Champaign I LLC, Kroger Management – NMTC Champaign II LLC, Kroger Management – NMTC Cincinnati I LLC, Kroger Management – NMTC Dallas I LLC, Kroger Management – NMTC Danville I LLC, Kroger Management – NMTC Logansport I LLC, Kroger Management – NMTC Missouri I LLC, Kroger Management – NMTC Oak Ridge I LLC, Kroger Management – NMTC Olney I LLC, Kroger Management – NMTC Omaha I LLC, Kroger Management – NMTC Portsmouth I LLC, Kroger Management – NMTC Starkville I LLC, Kroger Management – NMTC Topeka I LLC, Kroger NMTC Fremont I LLC, Kroger OZ1 Inc., Kroger OZ1 LLC, Kroger OZ2 Inc., Kroger OZ2 LLC, Kroger OZ3 Inc., Kroger OZ3 LLC, Kroger Opportunity Fund I Inc., Kroger Prescription Plans Inc., Kroger Specialty Infusion AL LLC, Kroger Specialty Infusion CA LLC, Kroger Specialty Infusion Holdings Inc., Kroger Specialty Infusion TX LLC, Kroger Specialty Pharmacy CA LLC, Kroger Specialty Pharmacy FL 2 LLC, Kroger Specialty Pharmacy Holdings 2 Inc., Kroger Specialty Pharmacy Holdings 3 Inc., Kroger Specialty Pharmacy Holdings I Inc., Kroger Specialty Pharmacy Holdings Inc., Kroger Specialty Pharmacy Inc., Kroger Specialty Pharmacy LA LLC, Kroger Texas L.P., LCGP3 Home Cooking Inc., Latta Village LLC, Local Mkt LLC, Main & Vine LLC, Matthews Property 1 LLC, Mega Marts LLC, Michigan Dairy L.L.C., ModernHealth LTC, Murray’s Cheese LLC, Murray’s Cheese LLC, Murray’s LIC LLC, Murray’s Table LLC, Pace Dairy Foods Company, Paramount Logistics LLC, Pay Less Super Markets Inc., Peyton's-Southeastern Inc., Plum Labs LLC, Pontiac Foods Inc., Queen City Assurance Inc., RBF LLC, RGC Southeast Properties LLC, Ralphs Grocery Company, Relish Labs LLC, Rocket Newco Inc., Roundy's, Roundy’s Acquisition Corp., Roundy’s Illinois LLC, Roundy’s Inc., Roundy’s Supermarkets Inc., Second Story Inc., Shop-Rite LLC, Smith’s Beverage of Wyoming Inc., Smith’s Food & Drug Centers Inc., Southern Ice Cream Specialties Inc., Stallings Investors I LLC, Sunrise R&D Holdings LLC, Sunrise Technology LLC, TLC Corporate Services LLC, TLC Immunization Clinic LLC, TLC of Georgia LLC, The Kroger Co. of Michigan, The Little Clinic LLC, The Little Clinic Management Services LLC, The Little Clinic of Arizona LLC, The Little Clinic of Colorado LLC, The Little Clinic of IN LLC, The Little Clinic of Kansas LLC, The Little Clinic of Mississippi LLC, The Little Clinic of Ohio LLC, The Little Clinic of TX LLC, The Little Clinic of Tennessee LLC, The Little Clinic of VA LLC, Topvalco Inc., Ultimate Mart LLC, Ultra Mart Foods LLC, Vandervoort Dairy Foods Company, Vine Court Assurance Incorporated, Vitacost, Vitacost.com Inc., Woodmont Holdings LLC, and YOU Technology.
Read More
This page (NYSE:KR) was last updated on 2/23/2024 by MarketBeat.com Staff