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Why Investors Found Kroger Stock so Tasty Today
Cruising on momentum from a well-received earnings report, Kroger (NYSE: KR) stock pushed nearly 3% higher on Monday. Much of this lift came from a clutch of price targets from analysts following the stock. That rise was higher than the 0.9% bump of the benchmark S&P 500 index that day.It was easy to be bullish on Kroger as the trading week kicked off; the supermarket king's first-quarter results (published Friday morning) was considered a winner. The company beat the consensus analyst estimate for earnings and only missed slightly on revenue. More encouragingly, it raised its top-line guidance for the entirety of this year. Image source: Getty Images.Continue reading
Cruising on momentum from a well-received earnings report, Kroger (NYSE: KR) stock pushed nearly 3% higher on Monday. Much of this lift came from a clutch of price targets from analysts following the stock. That rise was higher than the 0.9% bump of the benchmark S&P 500 index that day.
It was easy to be bullish on Kroger as the trading week kicked off; the supermarket king's first-quarter results (published Friday morning) was considered a winner. The company beat the consensus analyst estimate for earnings and only missed slightly on revenue. More encouragingly, it raised its top-line guidance for the entirety of this year.
Image source: Getty Images.
