Grocery Outlet Stock Forecast, Price & News

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

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.

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.

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.

Some companies that are related to Grocery Outlet include Albertsons Companies (ACI), Empire (EMP.A), Wm Morrison Supermarkets (MRW), Ocado Group (OCDO), J Sainsbury (SBRY), DFI Retail Group (DFIHY), Sendas Distribuidora (ASAI), Sprouts Farmers Market (SFM), Weis Markets (WMK), Greggs (GRG), Ingles Markets (IMKTA), North West (NWC), Arko (ARKO), Companhia Brasileira de Distribuição (CBD) and Natural Grocers by Vitamin Cottage (NGVC).
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(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.

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

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

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.

Grocery Outlet employs 803 workers across the globe.

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.