Kroger (KR)

• Market cap: $42B
• 1 day: -1.79%
• 5 days: -3.15%
• 1 month: 3.35%
• 3 months: 9.70%
• 6 months: 6.69%
• Year to date: 25.39%
• 1 year: 30.35%
• 5 years: 116.90%
• 10 years: 99.04%
• Sector: Consumer Staples
• Industry: Grocery Stores

About: Kroger is one of the largest grocery retailers in the United States with more than 2,700 stores across a portfolio of over 20 supermarket banners. The company boasts an ingrained presence in US communities, citing that it is a top-two grocer in most of its major market areas. Over one fourth of Kroger's roughly $110 billion in nonperishable and fresh food sales (about 75% of revenue) stems from its private-label portfolio, of which the company manufactures about 30% of units via its 33 food production plants. The firm also operates fuel stations and pharmacies at 60% and 80% of its locations, respectively.

Employees: 414,000

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

56% more call options, than puts

Call options by funds: $467M | Put options by funds: $300M

11% more repeat investments, than reductions

Existing positions increased: 451 | Existing positions reduced: 405

11% more capital invested

Capital invested by funds: $29.4B [Q2] → $32.5B (+$3.11B) [Q3]

3% more first-time investments, than exits

New positions opened: 130 | Existing positions closed: 126

0% more funds holding

Funds holding: 1,152 [Q2] → 1,156 (+4) [Q3]

3.02% less ownership

Funds ownership: 81.64% [Q2] → 78.62% (-3.02%) [Q3]

18% less funds holding in top 10

Funds holding in top 10: 11 [Q2] → 9 (-2) [Q3]

Research analyst outlook

7 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $55 5% downside
• Avg. target: $60 4% upside
• High target: $63 9% upside

7 analyst ratings

• positive: 5 71%
• neutral: 2 29%
• negative: 0 0%

Telsey Advisory Group Joseph Feldman 56% 1-year accuracy 90 / 160 met price target	7% upside $62	Outperform Maintained	9 Oct 2024
Melius Research Karen Short 75% 1-year accuracy 9 / 12 met price target	5% downside $55	Hold Initiated	23 Sept 2024
JP Morgan Ken Goldman 30% 1-year accuracy 3 / 10 met price target	2% upside $59	Overweight Maintained	13 Sept 2024
Evercore ISI Group Michael Montani 81% 1-year accuracy 13 / 16 met price target	9% upside $63	Outperform Maintained	13 Sept 2024
Morgan Stanley Simeon Gutman 54% 1-year accuracy 19 / 35 met price target	0% downside $58	Equal-Weight Maintained	13 Sept 2024