31.03.2017 12:15:00
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Grocery Stores Stocks on Investors' Radar -- Kroger, Whole Foods Market, SUPERVALU, and Sprouts Farmers Market
NEW YORK, March 31, 2017 /PRNewswire/ --
This morning, Stock-Callers.com has lined up for review these four Grocery Stores stocks: The Kroger Co. (NYSE: KR), Whole Foods Market Inc. (NASDAQ: WFM), SUPERVALU Inc. (NYSE: SVU), and Sprouts Farmers Market Inc. (NASDAQ: SFM). According to James Cook, director of retail research at JLL, the number of new grocery stores opening their doors this year is expected to be slightly less compared with 2016, but will see an uptick again in 2018 as Lidl makes a strong push along the East Coast. Learn more about these stocks by downloading their comprehensive and free reports at:
http://stock-callers.com/registration
Kroger
On Thursday, shares in Cincinnati, Ohio headquartered The Kroger Co. saw a slight drop of 0.48%, ending the day at $29.20. The stock recorded a trading volume of 5.86 million shares. The Company's shares are trading below their 50-day moving average by 7.88%. Moreover, shares of Kroger, which together with its subsidiaries, operates as a retailer in the US, have a Relative Strength Index (RSI) of 38.65.
On March 23rd, 2017, research firm RBC Capital Markets upgraded the Company's stock rating from 'Sector Perform' to 'Outperform', with a target price of $37 per share.
On March 28th, 2017, Kroger launched a new website, http://www.krogerstories.com. The new website features a variety of voices - produced by both freelancers and Kroger associates- sharing stories about the Company's great people, innovative projects, and the ideas that are changing the way people eat, drink, and think about food. KR complete research report is just a click away and free at:
http://stock-callers.com/registration/?symbol=KR
Whole Foods Market
Shares in Austin, Texas headquartered Whole Foods Market Inc. ended the day 0.45% higher at $29.27 with a total trading volume of 3.40 million shares. The stock is trading below its 50-day moving average by 2.47%. Shares of the Company, which operates natural and organic foods supermarkets, have an RSI of 46.30.
On March 15th , 2017, Whole Foods Market announced that by January 2018, all canned tuna sold by the Company will meet rigorous sustainability and traceability requirements that aim to reduce overfishing and bycatch, and support fishing communities. The new sourcing policy includes canned tuna items sold in the grocery aisle as well as the prepared foods department.
On March 23rd, 2017, research firm UBS initiated a 'Sell' rating on the Company's stock, with a target price of $25 per share. The complimentary report on WFM can be downloaded at:
http://stock-callers.com/registration/?symbol=WFM
SUPERVALU
At the close of trading on Thursday, shares in Eden Prairie, Minnesota headquartered SUPERVALU Inc. finished 1.55% lower at $3.80 with a total trading volume of 2.84 million shares. The stock has advanced 2.70% in the last month. The Company's shares are trading above their 50-day moving average by 0.76%. Additionally, shares of SUPERVALU, which together with its subsidiaries, operates as a grocery wholesaler and retailer in the US, have an RSI of 57.45.
On March 23rd, 2017, research firm RBC Capital Markets upgraded the Company's stock rating from 'Sector Perform' to 'Outperform', with a target price of $6 per share. Sign up for your complimentary research report on SVU at:
http://stock-callers.com/registration/?symbol=SVU
Sprouts Farmers Market
Phoenix, Arizona-based Sprouts Farmers Market Inc.'s shares recorded a trading volume of 2.90 million shares at the end of yesterday's session. The stock closed the day 3.10% lower at $22.79. The Company's shares have advanced 23.46% in the past month, 16.99% in the last three months, and 20.45% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 17.08% and 8.46%, respectively. Additionally, shares of Sprouts Farmers Market, which provides fresh, natural, and organic food in the US, have an RSI of 69.31. Get free access to your research report on SFM at:
http://stock-callers.com/registration/?symbol=SFM
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