#5 - Kroger (NYSE:KR)
Another grocery chain to watch is Kroger (NYSE:KR). When investors focus on retail food stocks, it’s logical for the attention to turn to names like Amazon (NASDAQ:AMZN) and Walmart (NYSE:WMT). But Kroger has also been rapidly adapting to a digital environment. The company is partnering with the e-commerce company Miraki to launch a digital marketplace.
And the timing couldn’t be more perfect. An event like our current pandemic has a way of changing long-entrenched habits. It’s quite likely that consumers who have adopted the idea of ordering their groceries online will continue to do so even after the pandemic is over.
And analysts like the direction that Kroger is moving. Kroger has been making a habit of delivering year-over-year increases on the top and bottom lines. And, the company pays a steady dividend that it has increased for the last 13 years. Analysts give the company a consensus price target that suggests the stock may climb approximately 10% higher than its current level.
About Kroger
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. Its combination food and drug stores offer natural food and organic sections, pharmacies, general merchandise, pet centers, fresh seafood, and organic produce; and multi-department stores provide apparel, home fashion and furnishings, outdoor living, electronics, automotive products, and toys.
Read More - Current Price
- $61.85
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 9 Buy Ratings, 6 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $65.43 (5.8% Upside)
