Kroger (KR) beat on the top and bottom line for Q1, raised their guidance, and announced a $1B share buyback, says Arun Sundaram of CFRA Research. Normally this would show a pop in the stock, but it is trading flattish now. He thinks it was a Covid play, and will have a hard time comparing to last year's sales. CFRA has a sell rating on Kroger with a price target of $31.
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