Grubhub wins legal battle over Kroger as Supreme Court passes on hearing trademark case
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2024
0mins
Should l Buy KR?
Source: SeekingAlpha
- U.S. Supreme Court Decline: The U.S. Supreme Court rejected Kroger Co.'s request to block Grubhub's use of a fork-and-knife logo, citing no confusion between the logos.
- Legal Battle Outcome: U.S. District Judge and 7th Circuit Court affirmed decisions against Kroger, ending the legal battle over the logos.
- Judicial Ruling Basis: Judge John Lee highlighted that consumers would not mistake Grubhub's logo for Kroger's Home Chef due to clear branding.
- Grubhub Ownership: Grubhub is owned by Netherlands-based Just Eat Takeaway.com, operating in multiple countries including the U.S.
- Additional Information: The article briefly mentions other news related to Kroger and Just Eat Takeaway.com, such as stock ratings and business activities.
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Analyst Views on KR
Wall Street analysts forecast KR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for KR is 75.00 USD with a low forecast of 68.00 USD and a high forecast of 85.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
9 Buy
6 Hold
0 Sell
Moderate Buy
Current: 67.500
Low
68.00
Averages
75.00
High
85.00
Current: 67.500
Low
68.00
Averages
75.00
High
85.00
About KR
The Kroger Co. is a food and drug retailer. The Company operates supermarkets, multi-department stores and fulfillment centers throughout the United States. It operates approximately 2,731 supermarkets, 2,273 pharmacies and 1,702 fuel centers in over 35 states and the District of Columbia while also operating online through a digital ecosystem to offer customers an omnichannel shopping experience. The Company also manufactures and processes food for sale in its supermarkets and online. It offers Pickup and Harris Teeter ExpressLane personalized, order online, pick-up at the store services at approximately 2,412 of its supermarkets and provides delivery, which allows it to offer digital solutions to substantially all of its customers. Its delivery solutions include orders delivered to customers at retail store locations, customer fulfillment centers and orders placed through third-party platforms. The Company also offers customer-facing apps and interfaces.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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