12 Best Forever Stocks to Invest In

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9. The Kroger Co. (NYSE:KR)

Number of Hedge Fund Holders: 64

The Kroger Co. (NYSE:KR) ranks among the best forever stocks to invest in. Following The Kroger Co. (NYSE:KR)’s impressive first-quarter results, Citi maintained its Neutral rating and increased its price target for the company from $65 to $74 on June 23.

This was the fifth straight quarter that saw higher comparable sales, with the grocery chain reporting comparable sales growth of 3.2%, above the 2.4% consensus. Meanwhile, EPS came in at $1.49, exceeding the consensus expectation of $1.45.

While retaining its fiscal 2025 earnings per share target of $4.60-4.80, which Citi believes likely represents some cautiousness, The Kroger Co. (NYSE:KR) management raised its comparable sales guidance for the year from 2.0-3.0% to 2.25-3.25%.

With Citi closing its short-term upside view on the company and considering the risk/reward ratio as balanced at current levels, The Kroger Co. (NYSE:KR) anticipates that groceries will be a greater driver of second-half comparable growth than pharmacies.

The Kroger Co. (NYSE:KR) is an American retailer with over 2,700 supermarkets and multi-department stores in 35 states across the US.

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