Professional
Added to YB: 2024-12-05
Pitch date: 2024-12-03
KR [bullish]
The Kroger Co.
+15.42%
current return
Author Info
No bio for this author
Company Info
The Kroger Co. operates as a food and drug retailer in the United States. The company operates combination food and drug stores, multi-department stores, marketplace stores, and price impact warehouses.
Market Cap
$42.1B
Pitch Price
$58.11
Price Target
73.00 (+9%)
Dividend
2.04%
EV/EBITDA
7.08
P/E
44.60
EV/Sales
0.43
Sector
Consumer Staples Distribution and Retail
Category
special_situation
Jefferies Sees Kroger (KR) as a Buy with Dual Growth Paths and $73 Price Target
KR (analyst upgrade): Jefferies upgrades to Buy, PT $73. ACI deal closure = DD% EPS/30%+ FCF accretion via working capital optimization. No deal = $6bn debt for buybacks. Improving foot traffic, more profitable fuel biz vs pre-COVID. Analyst Rob Dickerson sees win-win scenario.
Read full article (1 min)