Kroger Stock News

RALEIGH, N.C., Dec. 8, 2021 /PRNewswire/ -- The Kroger Co. (NYSE: KR), America''s largest grocery retailer, today announced it will offer more Americans delivery through the addition of a new customer fulfillment center (CFC) in North Carolina, powered by the Ocado Group (LSE: OCDO) and

Strong Roots announces a $55 million investment from McCain Foods in what is reportedly one of the largest deals in plant-based from a European competitor. The Dublin based company has a strong presence in mainstream US retail, is the fastest-growing food brand in the UK, and one of the few food brands to have received a B Corp certification. Young entrepreneur Samuel Dennigan launched Strong Roots in 2015 on a mission to redefine frozen and just three years later secured $18.3 million in a Series A funding. This year saw a widespread rollout into US retail including Kroger stores as well as Walmart and Wholefoods. Speaking to vegconomist in 2020, Dennigan said that the products simplicity is the secret to the brands success: You break open our burgers, you see vegetables. When consumers look at the back of our packs, they understand the ingredients and what goes into their food. Strong Roots will remain independent with McCain Foods taking a minority stake in the business. Strong Roots will use the funds to rapid growth in existing markets, including GB, Ireland, and United States, to enter new markets working with new retailers, as well as expand into the foodservice market through McCain Foods out-of-home network.

Home Chef meal solutions brand reaches $1 billion in sales in third quarter.

The Kroger Co. (NYSE:KR) has been assigned an average rating of Hold from the sixteen research firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation and two have given a buy recommendation to the company. The average 1-year []

Stockouts are costing retailers more than ever amidst ongoing supply chain disruptions, shifting consumer preferences and ecommerce competition Stockouts are costing retailers more than ever amidst ongoing supply chain disruptions, shifting consumer preferences and ecommerce competition

Kroger (NYSE:KR) had its price objective hoisted by Credit Suisse Group from $40.00 to $47.00 in a research report released on Friday morning, Price Targets.com reports. Credit Suisse Group currently has a neutral rating on the stock. Other equities research analysts have also recently issued research reports about the company. Morgan Stanley raised their price []

Kroger (NYSE:KR) had its target price boosted by BMO Capital Markets from $39.00 to $41.00 in a research report report published on Friday morning, Analyst Price Targets reports. They currently have a market perform rating on the stock. Other research analysts have also issued research reports about the stock. Deutsche Bank Aktiengesellschaft upped their price []

The Kroger Co. (NYSE:KR) Stock analysts at Jefferies Financial Group raised their FY2022 earnings per share (EPS) estimates for Kroger in a research note issued to investors on Thursday, December 2nd. Jefferies Financial Group analyst M. Fishbein now anticipates that the company will post earnings of $3.50 per share for the year, up from []

Bellecapital International Ltd. purchased a new stake in The Kroger Co. (NYSE:KR) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 10,419 shares of the companys stock, valued at approximately $421,000. Other institutional investors have also recently bought and sold shares of []

After three years and the efforts of a multi-agency investigation, dozens of victims of human trafficking are free from the fetters of modern-day slavery on South Georgia farms. The over 100 victims were smuggled from Mexico, Guatemala, and Honduras and brought to the farms where they were imprisoned under inhumane and brutal conditions, and forced to work for little or no money. At least two workers died, and one was allegedly raped repeatedly. The indictment is dubbed Operation Blooming Onion, and a spokesperson from the U.S. Attorneys Office for the Southern District of Georgia told VICE News , it may be one of the largest-ever human trafficking and visa fraud investigations in the country. According to the 54-page, newly unsealed indictment, workers were often required to dig onions with their bare hands and were paid only 20 cents for each bucket harvested. They were threatened at gunpoint and held in fenced-in work camps in cramped, unsanitary quarters and given little or no food, limited plumbing, and no safe water.

Replate recovers surplus food from companies like Netflix and DoorDash. Replate Replate collects…

Kroger (NYSE:KR) had its price objective increased by investment analysts at The Goldman Sachs Group from $35.00 to $39.00 in a research note issued on Monday, Benzinga reports. The brokerage currently has a sell rating on the stock. The Goldman Sachs Groups price target would suggest a potential downside of 10.20% from the stocks current []

Treeline substantially expands its product range with four new flavors of slices and shreds plus vegan goat cheese Treeline Cheese, one of the earliest purveyors of artisanal plant-based cheese, has introduced a breakthrough line of slices, shreds and vegan goat cheese. Based in Hudson Valley, New York, Treeline helped forge the concept of artisan vegan cheese a decade ago by grinding and fermenting cashews into soft French-style spreads. The company steadily grew in popularity and distribution, and can now be found at Kroger, Target and Whole Foods Markets nationwide. In 2019 the company hired former PepsiCo executive Justin Lambeth as new CEO, and has since moved to capture the mainstream market by offering more popular and versatile forms of cheese. Goat cheese variety The new goat cheeses are crafted from sustainably sourced Brazilian cashews and are available in Original, Garlic Basil, and Blueberry, the product joins Spero as one of the only plant-based goat cheeses on the market.