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What is carbon capture and why does it keep coming up at COP28?
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
All the trading advice you’ve ever received boils down to this (Ad)
How major US stock indexes fared Friday, 12/8/2023
MarketBeat Week in Review – 12/4 - 12/8
All the trading advice you’ve ever received boils down to this (Ad)
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
What is carbon capture and why does it keep coming up at COP28?
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
All the trading advice you’ve ever received boils down to this (Ad)
How major US stock indexes fared Friday, 12/8/2023
MarketBeat Week in Review – 12/4 - 12/8
All the trading advice you’ve ever received boils down to this (Ad)
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
What is carbon capture and why does it keep coming up at COP28?
S&P 500   4,604.37
DOW   36,247.87
QQQ   392.17
A 'soft landing' or a recession? How each one might affect America's households and businesses
All the trading advice you’ve ever received boils down to this (Ad)
How major US stock indexes fared Friday, 12/8/2023
MarketBeat Week in Review – 12/4 - 12/8
All the trading advice you’ve ever received boils down to this (Ad)
FTC opens inquiry of Chevron-Hess merger, marking second review this week of major oil industry deal
Amazon asks federal judge to dismiss the FTC's antitrust lawsuit against the company
How to Invest Early In the Next Potential Breakthrough Nerve-Sensing Technology (Ad)
Indiana secretary of state appeals ruling for US Senate candidate seeking GOP nod
What is carbon capture and why does it keep coming up at COP28?

Grocery Outlet Stock Price, News & Analysis (NASDAQ:GO)

$29.25
-0.29 (-0.98%)
(As of 12/8/2023 ET)
Compare
Today's Range
$29.10
$29.76
50-Day Range
$26.34
$29.69
52-Week Range
$25.71
$36.54
Volume
496,881 shs
Average Volume
885,940 shs
Market Capitalization
$2.90 billion
P/E Ratio
36.11
Dividend Yield
N/A
Price Target
$33.38

Grocery Outlet MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
14.1% Upside
$33.38 Price Target
Short Interest
Healthy
7.15% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.86mentions of Grocery Outlet in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
$175,000 Sold Last Quarter
Proj. Earnings Growth
9.76%
From $0.82 to $0.90 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.84 out of 5 stars

Consumer Staples Sector

98th out of 130 stocks

Grocery Stores Industry

7th out of 10 stocks


GO stock logo

About Grocery Outlet Stock (NASDAQ:GO)

Grocery Outlet Holding Corp. engages in ownership and operation of a network of independently operated stores in the United States. The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. Grocery Outlet Holding Corp. was founded in 1946 and is headquartered in Emeryville, California.

GO Stock Price History

GO Stock News Headlines

All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Walmart (WMT) Reports Earnings Tomorrow. What To Expect
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Why Grocery Outlet (GO) Shares Are Plunging Today
Q3 2023 Grocery Outlet Holding Corp Earnings Call
Grocery Outlet (GO) Q3 2023 Earnings Call Transcript
Grocery Outlet Holding: Q3 Earnings Insights
See More Headlines
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Company Calendar

Last Earnings
11/07/2023
Today
12/09/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

Industry, Sector and Symbol

Industry
Grocery Stores
Sub-Industry
N/A
Fax
N/A
Employees
864
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$33.38
High Stock Price Target
$40.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+14.1%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$65.05 million
Pretax Margin
2.68%

Debt

Sales & Book Value

Annual Sales
$3.91 billion
Cash Flow
$1.65 per share
Book Value
$11.41 per share

Miscellaneous

Free Float
93,114,000
Market Cap
$2.90 billion
Optionable
Optionable
Beta
0.09
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GO Stock Analysis - Frequently Asked Questions

Should I buy or sell Grocery Outlet stock right now?

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last year. There are currently 1 sell rating, 6 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" GO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GO, but not buy additional shares or sell existing shares.
View GO analyst ratings
or view top-rated stocks.

What is Grocery Outlet's stock price target for 2024?

10 brokers have issued 12-month price objectives for Grocery Outlet's stock. Their GO share price targets range from $20.00 to $40.00. On average, they predict the company's stock price to reach $33.38 in the next twelve months. This suggests a possible upside of 14.1% from the stock's current price.
View analysts price targets for GO
or view top-rated stocks among Wall Street analysts.

How have GO shares performed in 2023?

Grocery Outlet's stock was trading at $29.19 on January 1st, 2023. Since then, GO shares have increased by 0.2% and is now trading at $29.25.
View the best growth stocks for 2023 here
.

Are investors shorting Grocery Outlet?

Grocery Outlet saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 6,520,000 shares, a drop of 10.3% from the October 31st total of 7,270,000 shares. Based on an average daily trading volume, of 977,600 shares, the short-interest ratio is presently 6.7 days. Approximately 7.2% of the company's shares are sold short.
View Grocery Outlet's Short Interest
.

When is Grocery Outlet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our GO earnings forecast
.

How were Grocery Outlet's earnings last quarter?

Grocery Outlet Holding Corp. (NASDAQ:GO) issued its earnings results on Tuesday, November, 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. The company earned $1 billion during the quarter, compared to analyst estimates of $1.01 billion. Grocery Outlet had a trailing twelve-month return on equity of 7.78% and a net margin of 2.08%.

What guidance has Grocery Outlet issued on next quarter's earnings?

Grocery Outlet updated its fourth quarter earnings guidance on Tuesday, November, 7th. The company provided earnings per share guidance of $0.15-0.17 for the period, compared to the consensus EPS estimate of $0.22. The company issued revenue guidance of $970.4 million, compared to the consensus revenue estimate of $991.65 million.

What is Eric Lindberg/ MacGregor Read's approval rating as Grocery Outlet's CEO?

142 employees have rated Grocery Outlet Chief Executive Officer Eric Lindberg/ MacGregor Read on Glassdoor.com. Eric Lindberg/ MacGregor Read has an approval rating of 93% among the company's employees. This puts Eric Lindberg/ MacGregor Read in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

When did Grocery Outlet IPO?

(GO) raised $275 million in an initial public offering on Thursday, June 20th 2019. The company issued 17,200,000 shares at $15.00-$17.00 per share. BofA Merrill Lynch, Morgan Stanley, Deutsche Bank Securities, Jefferies, Barclays, Goldman Sachs, Guggenheim Securities, UBS Investment Bank and Cowen served as the underwriters for the IPO and Telsey Advisory Group, Drexel Hamilton and Penserra Securities were co-managers.

Who are Grocery Outlet's major shareholders?

Grocery Outlet's stock is owned by a number of institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (4.77%), Bank of New York Mellon Corp (3.46%), Parnassus Investments LLC (3.37%), Clearbridge Investments LLC (2.56%), Van Berkom & Associates Inc. (2.42%) and JPMorgan Chase & Co. (2.00%). Insiders that own company stock include Brian Mcandrews, Charles Bracher, Eric J Jr Lindberg, Eric J Jr Lindberg, Erik D Ragatz, Heather L Mayo, Jeffrey York, Lindsay E Gray, Luke D Thompson, Pamela B Burke, Robert Joseph Jr Sheedy, S Macgregor Jr Read, Steven K Wilson, Steven K Wilson, Thomas F Herman and Thomas F Herman.
View institutional ownership trends
.

How do I buy shares of Grocery Outlet?

Shares of GO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:GO) was last updated on 12/9/2023 by MarketBeat.com Staff

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