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The Street's Mixed Reaction To Buffett's $550M Kroger Bet
Wednesday, February 19, 2020 - 12:52pm | 519Legendary investor Warren Buffett and his Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) disclosed a $549.1-million stake in grocery chain Kroger Co (NYSE: KR) but not all Street analysts are convinced it's a wise investment. What Happened Shares of Kroger inched higher Friday after...
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What To Make Of Longtime Kroger CFO's Retirement
Tuesday, December 18, 2018 - 3:27pm | 575Grocery chain Kroger Co (NYSE: KR) on Monday announced CFO J. Michael Schlotman will retire from the company in one year after holding the title since 2000. Schlotman will be replaced by Gary Millerchip, CEO of Kroger Personal Finance, in April 2019 at which point Schlotman will remain an executive...
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Jefferies Initiates Coverage Of Major Food Players
Friday, June 8, 2018 - 4:38pm | 607Jefferies initiated coverage of two stocks in the food sector Friday, taking a bullish stance on an equity that analyst Christopher Mandeville said is positioned for sales and market share gains and a neutral stance on a stock the analyst said is fully valued. The Analyst Mandeville...
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Casey's General In-Store Performance Sinks Q2 Results
Tuesday, December 12, 2017 - 3:02pm | 338Casey's General Stores Inc (NASDAQ: CASY) reported second quarter earnings Monday, including EPS, EBITDA and revenue misses. The Analyst Jefferies' Christopher Mandeville maintains a Buy rating on Casey's stock with an unchanged $134 price target. The Thesis Casey's...
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Bring Back Our Growth: United Natural Foods Serves Up Q4 Beat
Thursday, September 14, 2017 - 12:14pm | 806United Natural Foods, Inc. (NASDAQ: UNFI)'s earnings report Wednesday prompted a more than 10-percent rally in the stock by Thursday morning, but were the results good enough to impress Wall Street analysts? Bank Of America: Risks Ahead Bank of America's Marisa Sullivan maintains an Underperform...
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Amazon-Whole Foods Deal Details Shouldn't Surprise Anyone, Least Of All Grocer Investors
Friday, August 25, 2017 - 9:22am | 409On Thursday, Amazon.com, Inc. (NASDAQ: AMZN) announced that it will officially complete its merger with Whole Foods Market, Inc. (NASDAQ: WFM) on Aug. 28. The e-commerce giant also revealed details of how the two companies will team up in the grocery space. Jefferies analyst Christopher Mandeville...
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All The Sell-Side Reactions To Whole Foods' Q4
Friday, November 4, 2016 - 9:01am | 582Investors initially reacted positively to Whole Foods Market, Inc. (NASDAQ: WFM)'s fourth-quarter results and the stock traded as high as $30.06 on Thursday. However, selling pressure resulted in the stock giving up all of its daily gains and closing lower by 0.18 percent on the day at $28.46. Here...
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Casey's General Stores Food Comp Fears Come True In Q1
Wednesday, September 7, 2016 - 1:19pm | 206Jefferies retained its Hold rating on Casey's General Stores Inc (NASDAQ: CASY) despite reporting a first quarter EPS miss due to a weak top line and disappointing gross margins. The quarterly EPS was $1.70 versus Jefferies' $1.75 and consensus' $1.81 estimate. Due to softening in...