Watch for Continued Gains in Shares of Kroger Company (The) (KR)

August 16, 2021 09:25:33

Kroger Company (The) (NYSE:KR) traded at a new 52-week high today of $43.26. Approximately 892,000 shares have changed hands today, as compared to an average 30-day volume of 6.2 million shares.

Kroger is the leading American grocer, with 2,742 supermarkets operating under several banners throughout the country as of the end of fiscal 2020. Around 82% of stores have pharmacies, while over half also sell fuel. The company also operated more than 150 fine jewelry stores at the end of fiscal 2020. Kroger features a leading private-label offering and manufactures around 30% of its own-brand units (and 40% of its grocery own-label assortment) itself, in 35 food production plants nationwide. Kroger is a top-two grocer in most of its major markets (as of early 2021, according to company data). Virtually all of Kroger’s sales come from the United States.

Kroger Company (The) (NYSE:KR) has potential upside of 53.7% based on a current price of $43.20 and analysts’ consensus price target of $66.38.

Kroger Company (The) share prices have moved between a 52-week high of $43.26 and a 52-week low of $30.35 and are now trading 42% above that low price at $43.20 per share.

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