|Bid||26.20 x 1100|
|Ask||30.00 x 2200|
|Day's range||26.62 - 27.21|
|52-week range||20.25 - 32.74|
|Beta (3Y Monthly)||0.97|
|PE ratio (TTM)||6.17|
|Earnings date||6 Dec 2018|
|Forward dividend & yield||0.56 (2.09%)|
|1y target est||30.50|
Kroger (KR) stock has risen a modest 2.0% year-to-date. The past month has been among the stock’s worst this year, as it has lost ~14.0% during the month. Most of this decline occurred after Kroger’s second-quarter results on September 13, as the company missed sales expectations.
Kroger (KR) is covered by 26 Wall Street analysts, and the stock is rated 2.5 on a scale of 1 (strong buy) to 5 (strong sell). Its ratings have deteriorated over the past six months. The company had a 2.2 rating in May. A downgrade by Pivotal Research in June and by Deutsche Bank on October 9 are behind this rating decline.
Deutsche Bank downgraded grocery chain Kroger (KR) to a “sell” rating on October 8 after having set it at a “hold” for more than a year. Deutsche Bank analyst Paul Trussell cited high costs associated with the company’s efforts to expand its e-commerce footprint as the key reason behind the downgrade. Trussell lowered the price target on Kroger to $24.00 from $30.00.
The earnings and economic data schedule is pretty tame on Wednesday while markets will remain focused on Treasury yields sitting near multi-year highs.
The grocery wars have been heating up, and Walmart looks poised to take the lead while Kroger will lag behind, according to Deutsche Bank.
Walgreens Boots Alliance (WBA) shares have surged 17% in the last three months to outpace the S&P 500's roughly 7% climb as fears that Amazon's (AMZN) pharmaceutical push would doom the pharmacy giant prove overblown. Now the question is should investors consider buying WBA stock ahead of its Q4 earnings release on October 11?
Target's (TGT) launch of same-day delivery of groceries, electronics, toys and other product assortments in Southern California, through Shipt, is likely to generate higher revenues.
Smart & Final Inc. has made some changes lately that would seem like near-heresy for a supermarket: The California-based chain ripped out racks of snacks and other profitable impulse purchases near the doors of some stores and instead installed freezers there. The freezers will serve as pickup points for customers who order their groceries online and may never go any farther into the store. After years of inertia, U.S. supermarket chains are racing to add online options, such as home delivery and in-store and curbside pickup, to keep shoppers from shifting more of the $800 billion in annual food and beverage spending to e-commerce firms such as Amazon.com Inc. The process is spurring retailers and major food brands to change fundamental aspects of their operations—from staffing and supply networks to the way they organize their parking lots and stores.
Investing.com - Stocks in focus in pre-market trade Tuesday:· PepsiCo (NASDAQ:PEP) stock fell 0.75% as of 8:21 AM ET (12:21 GMT) after the company reported quarterly revenue above expectations but missed sales estimates for North American beverages, as well as for its Frito-Lay branded snacks, and guidance looked light.· Amazon.com (NASDAQ:AMZN) stock decreased 0.23% after the company announced it was raising the minimum wage for U.S. workers to $15 an hour.· Kroger (NYSE:KR) stock rose 1. ...
The nation's biggest grocery and drugstore chains are testing a plan to work together, trying to keep pace with Americans who increasingly shop with the click of a button or a swipe on an iPad. Walgreens ...
(Reuters) - U.S. grocer Kroger Co said on Tuesday it is exploring a partnership with Walgreens Boots Alliance Inc to allow its customers order online and pick up groceries at some of the drug retailer's stores. Grocers across the United States have been implementing new ways to draw more shoppers to their stores as they face intense competition from online retailer Amazon.com Inc and its unit Whole Foods. Kroger said the pilot program will be tested across 13 Walgreens stores near Kroger's Cincinnati headquarters. ...
The two are testing a new shopping concept at 13 Walgreens stores in northern Kentucky, near Kroger's Cincinnati headquarters.
Kroger and Walgreens said on Tuesday that they are joining forces to test a new store format that will bring together the two companies’ respective grocery and pharmacy businesses. Under a new pilot programme that will be launched, Kroger customers will be able to place their grocery orders online and pick up their orders at participating Walgreens stores. In addition, products from Kroger’s private-label Our Brands will also be stocked in the participating Walgreens as well.
Amazon's (AMZN) expansion of its deliveries from Whole Foods Market to new cities is in line with its focus toward ensuring an enriching shopping experience for consumers.
NEW YORK, Sept. 27, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ...
Sprouts Farmers Market’s (SFM) solid business model and impressive comps growth have enabled the company to deliver healthy returns in the stock market. The company gained close to 30% in 2017. So far in 2018, the stock has risen ~14% despite the recent downgrades, which we discussed in the previous two parts.
Sprouts Farmers Market (SFM) is rated a 2.4 on a scale of one (strong buy) to five (strong sell). The company’s ratings have deteriorated in the past six months. Sprouts Farmers Market was ranked a 2.1 in April. Besides the recent downgrade by Wells Fargo, which we discussed in the previous part, two other brokerage firms lowered their ratings for the company.