FY2028 EPS Estimates for Kroger Reduced by Erste Group Bank

The Kroger Co. (NYSE:KR) – Investment analysts at Erste Group Bank reduced their FY2028 earnings per share (EPS) estimates for shares of Kroger in a report released on Friday, June 5th. Erste Group Bank analyst H. Engel now forecasts that the company will earn $5.62 per share for the year, down from their previous forecast of $5.63. Erste Group Bank has a “Hold” rating on the stock. The consensus estimate for Kroger’s current full-year earnings is $5.24 per share.

A number of other brokerages also recently issued reports on KR. BMO Capital Markets reissued a “market perform” rating and set a $70.00 target price on shares of Kroger in a research note on Thursday, March 5th. Telsey Advisory Group increased their target price on Kroger from $80.00 to $82.00 and gave the stock an “outperform” rating in a research note on Thursday, March 5th. Wolfe Research reissued an “outperform” rating and set a $75.00 target price on shares of Kroger in a research note on Thursday, March 5th. Wall Street Zen raised Kroger from a “hold” rating to a “buy” rating in a research note on Saturday, April 4th. Finally, Royal Bank Of Canada reissued an “outperform” rating on shares of Kroger in a research note on Monday, June 1st. Nine analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $74.67.

Kroger Stock Down 0.4%

KR opened at $64.19 on Friday. The business has a 50 day moving average price of $66.80 and a two-hundred day moving average price of $66.55. The company has a quick ratio of 0.42, a current ratio of 0.80 and a debt-to-equity ratio of 2.66. The company has a market cap of $39.32 billion, a PE ratio of 41.95, a P/E/G ratio of 1.82 and a beta of 0.42. Kroger has a 52 week low of $58.60 and a 52 week high of $76.58.

Hedge Funds Weigh In On Kroger

A number of large investors have recently modified their holdings of KR. Wellington Management Group LLP increased its stake in Kroger by 61.1% in the 3rd quarter. Wellington Management Group LLP now owns 33,367,551 shares of the company’s stock valued at $2,249,307,000 after purchasing an additional 12,652,261 shares in the last quarter. Norges Bank purchased a new position in Kroger in the 4th quarter valued at approximately $470,561,000. Worldquant Millennium Advisors LLC increased its stake in Kroger by 299.6% in the 2nd quarter. Worldquant Millennium Advisors LLC now owns 2,420,495 shares of the company’s stock valued at $173,622,000 after purchasing an additional 1,814,721 shares in the last quarter. Alyeska Investment Group L.P. increased its stake in Kroger by 48.6% in the 4th quarter. Alyeska Investment Group L.P. now owns 4,445,479 shares of the company’s stock valued at $277,754,000 after purchasing an additional 1,453,966 shares in the last quarter. Finally, GQG Partners LLC increased its stake in Kroger by 11.3% in the 4th quarter. GQG Partners LLC now owns 13,398,072 shares of the company’s stock valued at $837,113,000 after purchasing an additional 1,360,946 shares in the last quarter. 80.93% of the stock is owned by hedge funds and other institutional investors.

More Kroger News

Here are the key news stories impacting Kroger this week:

• Positive Sentiment: Kroger is being highlighted as a defensive stock to own amid geopolitical uncertainty, and one analyst reiterated a Buy rating even after trimming the price target, which can support investor sentiment. Why The Kroger Co. (KR) is a Defensive Stock to Buy Amid Geopolitical Tensions
• Positive Sentiment: Kroger is expanding promotional activity and traffic-driving initiatives, including lower prices on thousands of items, fuel-point deals, and limited-time private-label products, which may help defend market share and customer loyalty. Is Kroger’s (KR) Digital Shelf Label Push Reframing Its Technology-Led Customer Loyalty Strategy?
• Neutral Sentiment: JPMorgan lowered its price target to $70 from $72 but kept a neutral rating, suggesting limited near-term upside rather than a clearly bearish view. Benzinga report on JPMorgan price target cut
• Neutral Sentiment: Erste Group slightly reduced FY2028 EPS estimates to $5.62 from $5.63 and maintained a Hold rating, reflecting a modestly softer outlook rather than a major change in fundamentals. MarketBeat ticker page
• Negative Sentiment: Several recent pieces point to pressure on earnings expectations and a more cautious setup ahead of the next report, with analysts saying Kroger may not have the right ingredients for a likely earnings beat. Kroger (KR) Earnings Expected to Grow: Should You Buy?
• Negative Sentiment: The company also faces a settlement over inaccurate calorie information, adding a small legal and reputational overhang. Kroger reaches $1.25 million settlement for inaccurate calorie information

About Kroger

The Kroger Co (NYSE: KR) is one of the largest supermarket operators in the United States, offering a wide range of retail grocery and related services. Founded in Cincinnati in 1883 by Bernard Kroger, the company operates a portfolio of supermarket and multi-department store banners and provides customers with fresh foods, packaged groceries, deli and bakery items, meat and seafood, produce, and prepared foods. Kroger’s stores commonly include pharmacy services and fuel centers, positioning the company as a broad-based neighborhood retail destination for everyday needs.

In addition to traditional in-store retailing, Kroger manufactures and distributes a variety of private-label brands and operates its own food production and supply-chain facilities.