Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Kroger Co before investing.

In this article, we go over a few key elements for understanding Kroger Co’s stock price such as:

• Kroger Co’s current stock price and volume
• Why Kroger Co’s stock price changed recently
• Upgrades and downgrades for KR from analysts
• KR’s stock price momentum as measured by its relative strength

About Kroger Co (KR)

Before we jump into Kroger Co’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

The Kroger Co. is a food and drug retailer. The Company operates supermarkets, multi-department stores and fulfillment centers throughout the United States. The Company operates approximately 2,719 supermarkets, 2,252 pharmacies and 1,637 fuel centers across 35 states and also operates online through a digital ecosystem to offer customers an omnichannel shopping experience. The Company also manufactures and processes food for sale in its supermarkets and online. It offers Pickup and Harris Teeter ExpressLane personalized, order online, pick up at the store services. Its delivery solutions include orders delivered to customers from retail store locations and customer fulfillment centers powered by Ocado. Its brands products are primarily produced and sold in three tiers, such as Private Selection, The Kroger, Big K, Smart Way, Heritage Farm. Its brands offer customers a variety of natural and organic products with Simple Truth and Simple Truth Organic brands.

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Kroger Co’s Stock Price as of Market Close

As of March 07, 2024, 4:00 PM, CST, Kroger Co’s stock price was $55.48.

Kroger Co is up 9.88% from its previous closing price of $50.49.

During the last market session, Kroger Co’s stock traded between $49.43 and $50.65. Currently, there are 719.00 million shares of Kroger Co stock available for purchase.

Kroger Co’s price-earnings (P/E) ratio is currently at 19.7, which is high compared to the Food Retail & Distribution industry median of 19.5. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Kroger Co Stock Price History

Kroger Co’s (KR) price is currently up 11.83% so far this month.

During the month of March, Kroger Co’s stock price has reached a high of $55.54 and a low of $49.00.

Over the last year, Kroger Co has hit prices as high as $50.65 and as low as $42.10. Year to date, Kroger Co’s stock is up 24.45%.

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What Caused Kroger Co Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of March 06, 2024, there were 0 analysts who downgraded Kroger Co’s stock and 2 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Kroger Co’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Kroger Co’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Kroger Co’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Kroger Co (KR) by visiting AAII Stock Evaluator.

Relative Price Strength of Kroger Co

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of March 06, 2024, Kroger Co has a weighted four-quarter relative price strength of -3.03%, which translates to a Momentum Score of 63 and is considered to be Strong.

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Kroger Co Stock Price: Bottom Line

As of March 7, 2024, Kroger Co’s stock price is $55.48, which is up 9.88% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Kroger Co stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.