BNP Paribas Upgrades Kroger to Outperform, $72 Price Target

Kroger's shares rose after BNP Paribas upgraded the company to 'Outperform' with a $72 price target. The upgrade was based on valuation, earnings per share revisions, and visibility metrics. Kroger's stock was up 2.15% on the day and 1.99% over the year, but down 4.31% over 5 days.

Kroger (KR) issued $1.5B in senior notes, split into $650M at 5.8% due 2032 and $850M at 6.2% due 2036. Proceeds will refinance debt and support general corporate purposes. The offering was underwritten by Citigroup, Mizuho, and Wells Fargo.

Kroger Co priced $1.5B in senior notes, including $650M due 2032 at 5.800% and $850M due 2036 at 6.200%. Proceeds will refinance 2026 debt and support general corporate purposes. Citigroup, Mizuho, and Wells Fargo are lead underwriters.

KROGER CO (KR) filed an SEC Form 8-K — Other Events. Item 8.01 Other Events. On April 21, 2026, The Kroger Co. (the “Company”) filed Registration Statement No. 333-295223 on Form S-3 with the Securities and Exchange Commission pursuant to Rule 415 registering an indeterminate amount of securities (the “Registration Statement”). Pur

Kroger (KR) shares fell 3.2% amid concerns over reduced 2026 identical-sales growth outlook, with full-year guidance lowered to 0.2%-0.8% from 1.0%-2.0%. The company maintained its adjusted EPS outlook. Broader market pressure on consumer staples and elevated Treasury yields also contributed to the decline. Insider sales and hedge fund activity were noted.

In Q3 2026, Hormel agreed to buy Brakebush for $1.055B, JBS proposed taking full ownership of Pilgrim’s Pride, and Intersnack acquired Utz for $2.9B. Hain Celestial and Keurig Dr Pepper sold assets to reduce debt. Kroger agreed to buy Giant Eagle for $1.65B.