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KR

Kroger

$25.31

0.06 (0.24%)

16:12
05/14/19
05/14
16:12
05/14/19
16:12

Kroger, Lindsay Goldberg partner to form PearlRock Partners

The Kroger Co. and Lindsay Goldberg, a private investment firm that focuses on partnering with families, founders and management teams seeking to actively build their businesses, announced the formation of PearlRock Partners, a new platform that will identify, invest in and help grow the next generation of leading consumer product brands. PearlRock Partners will be one of the largest data-driven investment vehicles focused on consumer brands. The platform will be a part of Kroger's alternative profit streams portfolio. To help emerging consumer brands reach new customers and grow their business, the new platform will leverage Kroger's merchandising capabilities and predictive analytics along with Lindsay Goldberg's deep consumer expertise and nearly 20-year track record of investing in and supporting family-owned and founder-led companies. "We are excited to add PearlRock Partners to our portfolio of high-growth alternative profit businesses that generate additional value from our core grocery business. We are confident this partnership with Lindsay Goldberg will help discover and cultivate new brands that Kroger customers will love," said Stuart Aitken, Kroger's senior vice president of alternative business and CEO of 84.51 degrees . "We are transforming from grocer to growth company by deploying our assets to serve even more customers and create margin-rich alternative profit streams."

  • 22

    May

KR Kroger
$25.31

0.06 (0.24%)

02/07/19
BUCK
02/07/19
INITIATION
Target $24
BUCK
Underperform
Kroger initiated with an Underperform at Buckingham
Buckingham analyst Bob Summers started Kroger with an Underperform rating and $24 price target. The company has established an "overly ambitious" goal for fiscal 2020 that entails significant investment, Summers tells investors in a research note. The analyst believes deflation, competitive activity, fuel profitability, and the economic cycle pose risk to the company's EBIT growth.
02/08/19
02/08/19
INITIATION

Fly Intel: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Airlines (AAL) initiated with a Hold at Argus. 2. Walmart (WMT) and Sprouts Farmers Market (SFM) were initiated with a Neutral at Buckingham, while Kroger (KR) was initiated with an Underperform. 3. Wrap Technologies (WRTC) initiated with a Buy at Chardan. 4. nLight (LASR) initiated with a Hold at Craig-Hallum. 5. RA Pharmaceuticals (RARX) initiated with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
03/20/19
EVER
03/20/19
INITIATION
Target $27
EVER
In Line
Kroger initiated with an In Line at Evercore ISI
Evercore ISI analyst Michael Montani started Kroger with an In Line rating and $27 base case price target, citing his view that Kroger's efforts to build out its ecosystem are admirable, but it's too soon to expect an "Amazon-esque" flywheel to drive sustainable EBIT growth.
03/21/19
LOOP
03/21/19
NO CHANGE
Target $102
LOOP
Hold
Walmart grocery sales productivity outperforming supermarkets, says Loop Capital
Loop Capital analyst Andrew Wolf kept his Hold rating and $102 price target on Walmart (WMT), saying the company's U.S. grocery comps outperformed the supermarket chains in 2018 as it has since 2016, even though the gap has narrowed. The analyst notes that Kroger (KR) made the biggest strides last year, and that the company was also the best performer in the 2013-2015 period supermarkets last made strong market share gains. Looking ahead, Wolf says the accelerating food-price inflation anticipated by the USDA could also "bode well for continued further same-store sales acceleration for both Walmart and the grocers in 2019."

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NPTN

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ZYME

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$17.65

0.02 (0.11%)

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SPLK

Splunk

$128.68

-7.12 (-5.24%)

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PDVW

pdvWireless

$44.25

1.25 (2.91%)

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BCRX

BioCryst

$3.54

0.09 (2.61%)

08:37
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08:37
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  • 29

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PLUS

ePlus

$72.62

-13.88 (-16.05%)

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ASH

Ashland

$72.19

-0.435 (-0.60%)

08:35
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BLMN

Bloomin' Brands

$18.22

-1.98 (-9.80%)

08:33
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CETX

Cemtrex

$0.25

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

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BTU

Peabody Energy

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CNR

China Metro-Rural

$5.70

-0.2 (-3.39%)

, LK

Luckin Coffee

$15.88

0.88 (5.87%)

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CNR

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LK

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ROAN

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EPE

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$0.16

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NAVG

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$69.97

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MMM

3M

$165.84

-2.46 (-1.46%)

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HIBB

Hibbett Sports

$19.84

-0.18 (-0.90%)

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VALE

Vale

$11.78

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INTU

Intuit

$241.30

-6.22 (-2.51%)

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GPN

Global Payments

$147.97

-2.64 (-1.75%)

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$99.61

-1.62 (-1.60%)

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GPN

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$147.97

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TSS

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ACIW

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EPAY

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USAT

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Fiserv

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FIS

FIS

$120.45

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WP

Worldpay

$121.97

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