Kroger Stock’s (KR) 18% Gain Proves That Groceries Are No Longer Boring

FomoAnxiety · 2026-03-06T20:22:27+00:00

Kroger's stock has gained 18% this year, outperforming the market after strong quarterly results and positive forward guidance. Analysts have upgraded their targets, reinforcing a consensus Moderate Buy rating among investors seeking safer options amidst market volatility.

FomoAnxiety

2026-03-06 20:22:27

Abstract generation in progress

Who says stocks of grocery stores are boring?

Claim 70% Off TipRanks Premium

Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

Kroger KR +4.23% ▲ is proving to be exciting, having gained 18% year-to-date in what has been an otherwise down market. KR stock was up 4% on March 6 after the grocery retailer posted strong quarterly financial results that bucked perceptions the U.S. economy is slowing down.

The company announced earnings per share (EPS) of $1.28, which beat analysts’ consensus forecast of $1.20. Revenue in the period of $34.73 billion was largely inline with Wall Street forecasts. Management also provided bullish forward guidance, which gave the stock an added pop.

Analysts Boosts Targets on KR Stock

KR stock has also benefited from a rotation among investors into blue-chip companies and consumer staples, and away from riskier bets such as technology stocks and cryptocurrencies. Investors appear to be seeking out safe havens amid rising market volatility and geopolitical uncertainty.

Following its latest print, KR stock received multiple analyst upgrades and price target boosts. These included Morgan Stanley MS -1.79% ▼ raising its target on Kroger’s stock to $73 a share from $67 previously. Similarly, Roth Capital lifted its price target on KR stock to $78 from $75 and reiterated a Buy rating.

Is KR Stock a Buy?

Kroger’s stock has a consensus Moderate Buy rating among 13 Wall Street analysts. That rating is based on eight Buy and five Hold recommendations issued in the last three months. The average KR price target of $75.42 implies 1.42% upside from current levels.

Disclaimer & DisclosureReport an Issue

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

2 Likes