NEW YORK (TheStreet) -- Kroger Co. (KR) - Get Report stock is up by 4.04% to $37.90 in mid-afternoon trading on Friday after a report said the grocer was interested in buying The Fresh Market (TFM). 

The Cincinnati-based grocer is bidding for The Fresh Market, a specialty grocer based in Greensboro, NC, along with investment firms such as KKR &Co. (KKR),sources told Reuters.

In October, Fresh Market announced that its board was launching a strategic and financial review of the company's business. The results of the review could result in a sale, the company said in a statement. 

Fresh Market stock is up 0.09% to $22.70 in mid-afternoon trading on Friday.

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rates this stock as a "buy" with a ratings score of A. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, solid stock price performance and impressive record of earnings per share growth. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.

You can view the full analysis from the report here: KR

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