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NASDAQ:GO

Grocery Outlet Stock Forecast, Price & News

$43.12
-0.38 (-0.87%)
(As of 07/5/2022 11:33 AM ET)
Add
Compare
Today's Range
$42.84
$44.00
50-Day Range
$31.07
$43.50
52-Week Range
$21.01
$43.55
Volume
10,316 shs
Average Volume
1.30 million shs
Market Capitalization
$4.16 billion
P/E Ratio
77.00
Dividend Yield
N/A
Price Target
$37.44

Grocery Outlet MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
13.9% Downside
$37.44 Price Target
Short Interest
Healthy
9.23% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.25mentions of Grocery Outlet in the last 14 days
Based on 13 Articles This Week
Insider Trading
Selling Shares
$24.88 M Sold Last Quarter
Proj. Earnings Growth
19.48%
From $0.77 to $0.92 Per Share

Overall MarketRank

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.48 out of 5 stars

Consumer Staples Sector

115th out of 197 stocks

Grocery Stores Industry

5th out of 12 stocks

30 days | 90 days | 365 days | Advanced Chart

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Grocery Outlet logo

About Grocery Outlet (NASDAQ:GO) Stock

Grocery Outlet Holding Corp. owns and operates 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. As of May 10, 2022, it had approximately 420 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, and New Jersey. The company was founded in 1946 and is headquartered in Emeryville, California.

GO Stock News Headlines

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Pres. Biden recently warned about China's dominance when it comes to lithium demand, stating, "if we don't get moving, they're going to eat our lunch." One junior mining company in South America is looking to become a strong link in the lithium supply chain due to a monster acquisition.
Grocery Outlet: You've Got To Eat
What 6 Analyst Ratings Have To Say About Grocery Outlet Holding
All Electric Commitment From GM, Volkswagen, Could Put Lithium Stock In A Supercycle
More automakers are pledging to go "fully electric" by 2035. NOW is the perfect time to get in on the "EV Revolution." And the best way to potentially do that, is to skip over the overvalued electric vehicle stocks...
Big Money Hits the Grocery Outlet
Grocery Outlet (NASDAQ:GO) Rating Increased to B at TheStreet
Grocery Outlet (NASDAQ:GO) Upgraded to "B" by TheStreet
Grocery Outlet (NASDAQ:GO) Hits New 52-Week High at $41.30
Grocery Outlet (NASDAQ:GO) PT Raised to $45.00 at Cowen
Expert Ratings for Grocery Outlet Holding
See More Headlines

Industry, Sector and Symbol

Industry
Grocery stores
Sub-Industry
N/A
Fax
N/A
Employees
803
Year Founded
N/A

Company Calendar

Last Earnings
5/10/2022
Today
7/05/2022
Next Earnings (Estimated)
8/09/2022
Fiscal Year End
12/31/2022

Price Target and Rating

Average Stock Price Forecast
$37.44
High Stock Price Forecast
$48.00
Low Stock Price Forecast
$26.00
Forecasted Upside/Downside
-13.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
$62.31 million
Pretax Margin
2.32%

Debt

Sales & Book Value

Annual Sales
$3.08 billion
Cash Flow
$1.69 per share
Book Value
$10.51 per share

Miscellaneous

Free Float
85,574,000
Market Cap
$4.16 billion
Optionable
Optionable
Beta
-0.28














Grocery Outlet Frequently Asked Questions

Should I buy or sell Grocery Outlet stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Grocery Outlet stock.
View analyst ratings for Grocery Outlet
or view top-rated stocks.

What is Grocery Outlet's stock price forecast for 2022?

8 equities research analysts have issued 12-month price targets for Grocery Outlet's stock. Their GO stock forecasts range from $26.00 to $48.00. On average, they expect Grocery Outlet's stock price to reach $37.44 in the next twelve months. This suggests that the stock has a possible downside of 13.2%.
View analysts' price targets for Grocery Outlet
or view top-rated stocks among Wall Street analysts.

How has Grocery Outlet's stock performed in 2022?

Grocery Outlet's stock was trading at $28.28 on January 1st, 2022. Since then, GO shares have increased by 52.5% and is now trading at $43.12.
View the best growth stocks for 2022 here
.

When is Grocery Outlet's next earnings date?

Grocery Outlet is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our earnings forecast for Grocery Outlet
.

How were Grocery Outlet's earnings last quarter?

Grocery Outlet Holding Corp. (NASDAQ:GO) announced its quarterly earnings data on Tuesday, May, 10th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.02. The firm had revenue of $831.40 million for the quarter, compared to the consensus estimate of $810.39 million. Grocery Outlet had a trailing twelve-month return on equity of 8.65% and a net margin of 1.74%. The company's quarterly revenue was up 10.5% on a year-over-year basis. During the same period last year, the company earned $0.23 earnings per share.
View Grocery Outlet's earnings history
.

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

Grocery Outlet issued an update on its FY 2022 earnings guidance on Tuesday, June, 7th. The company provided EPS guidance of $0.94-$0.99 for the period, compared to the consensus EPS estimate of $0.95. The company issued revenue guidance of $3.39 billion-$3.42 billion, compared to the consensus revenue estimate of $3.36 billion.

Who are Grocery Outlet's key executives?

Grocery Outlet's management team includes the following people:

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

142 employees have rated Grocery Outlet CEO Eric Lindberg/ MacGregor Read on Glassdoor.com. Eric Lindberg/ MacGregor Read has an approval rating of 93% among Grocery Outlet'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 (IPO) on Thursday, June 20th 2019. The company issued 17,200,000 shares at a price of $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 acted as the underwriters for the IPO and Telsey Advisory Group, Drexel Hamilton and Penserra Securities were co-managers.

What is Grocery Outlet's stock symbol?

Grocery Outlet trades on the NASDAQ under the ticker symbol "GO."

How do I buy shares of Grocery Outlet?

Shares of GO 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.

What is Grocery Outlet's stock price today?

One share of GO stock can currently be purchased for approximately $43.12.

How much money does Grocery Outlet make?

Grocery Outlet (NASDAQ:GO) has a market capitalization of $4.16 billion and generates $3.08 billion in revenue each year. The company earns $62.31 million in net income (profit) each year or $0.56 on an earnings per share basis.

How many employees does Grocery Outlet have?

Grocery Outlet employs 803 workers across the globe.

How can I contact Grocery Outlet?

Grocery Outlet's mailing address is 5650 HOLLIS STREET, EMERYVILLE CA, 94608. The official website for Grocery Outlet is www.groceryoutlet.com. The company can be reached via phone at (510) 845-1999 or via email at investor.relations@groceryoutlet.com.

This page (NASDAQ:GO) was last updated on 7/5/2022 by MarketBeat.com Staff

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