Professional
Added to YB: 2024-12-05
Pitch date: 2024-12-03
KR [bullish]
The Kroger Co.
+8.71%
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
$36.9B
Pitch Price
$57.68
Price Target
73.00 (+16%)
Dividend
2.49%
EV/EBITDA
6.67
P/E
36.36
EV/Sales
0.40
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)