Market Update (NYSE:KR): Reed’s Inc. Announces “Stronger” Ginger Brew Now Available at Kroger Stores

[GlobeNewswire] – LOS ANGELES, June 16, 2016– Reed’s, Inc., maker of the top-selling sodas in natural food stores nationwide, announced today that Reed’ s Stronger Ginger Brew has been authorized at Kroger stores across … Read more on this. The Kroger Co. (KR) , with a current market cap of $34.80B, opened at $36.98. Shares have traded today between $36.15 and $36.96 per share with the price of the stock fluctuating between $27.32 to $42.75 over the last 52 weeks. KR shares are currently priced at 15.87x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 24.96x earnings multiple. The company pays shareholders $0.42 per share annually in dividends, yielding 1.16%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.69 per share, which would be $0.06 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.25 is a $0.19 better when compared to the previous year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $34.88 Billion. If realized, that would be a 5.54% increase over the year-ago quarter. Recently, Sun Trust Rbsn Humphrey Initiated KR at Neutral (May 3, 2016). Previously, Macquarie downgraded KR from Neutral to Underperform. The average price target for KR shares by the analysts covering the stock is $41.91, which is 13.33% above where the stock opened this morning. See more in (NYSE:KR) Similar Articles: Company Update: The Kroger Co (NYSE:KR) – Kroger to Participate in the BMO Capital Markets Farm to Market Conference Market Update (NYSE:KR): Kroger Family of Stores Hiring 14,000 Employees Stock Update: The Kroger Co (NYSE:KR) – Kroger Recalls Broccoli Raisin Salad after Supplier Listeria Concern