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NASDAQ:GO

Grocery Outlet (GO) Stock Price, News & Analysis

$25.99
+0.18 (+0.70%)
(As of 02/23/2024 06:55 PM ET)
Today's Range
$25.75
$26.07
50-Day Range
$23.90
$28.39
52-Week Range
$23.41
$36.54
Volume
929,300 shs
Average Volume
1.13 million shs
Market Capitalization
$2.58 billion
P/E Ratio
32.09
Dividend Yield
N/A
Price Target
$32.25

Grocery Outlet MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
24.1% Upside
$32.25 Price Target
Short Interest
Bearish
8.04% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.52mentions of Grocery Outlet in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$57,520 Sold Last Quarter
Proj. Earnings Growth
9.76%
From $0.82 to $0.90 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.17 out of 5 stars

Consumer Staples Sector

116th out of 135 stocks

Grocery Stores Industry

9th 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

Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
Grocery Outlet (GO) Scheduled to Post Earnings on Tuesday
GO Jul 2024 25.000 put
GO Jul 2024 25.000 call
GO Mar 2024 25.000 call
Blue Chips And Billionaires Quietly Investing In "The New Oil"
They're as essential to the tech and AI revolutions as oil was to the industrial revolution. Known as rare earth elements or REEs, these relatively unheard of commodities are essential to semiconductor chips, renewable energy, electric vehicles, and more.
Grocery Outlet snaps up discount grocery chain for $62M
Grocery Gloom: 3 Supermarket Stocks to Sell Before They Spoil
Grocery Outlet Offers A Novel Business Model And Growth
See More Headlines
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Company Calendar

Last Earnings
11/08/2021
Today
2/26/2024
Next Earnings (Confirmed)
2/27/2024
Fiscal Year End
12/31/2024

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
$32.25
High Stock Price Target
$40.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+24.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
10 Analysts

Profitability

Net Income
$65.05 million
Pretax Margin
2.68%

Debt

Sales & Book Value

Annual Sales
$3.58 billion
Cash Flow
$1.60 per share
Book Value
$11.41 per share

Miscellaneous

Free Float
93,114,000
Market Cap
$2.58 billion
Optionable
Optionable
Beta
0.07
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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 2 sell ratings, 6 hold ratings and 2 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 1-year price targets for Grocery Outlet's stock. Their GO share price targets range from $20.00 to $40.00. On average, they expect the company's stock price to reach $32.25 in the next twelve months. This suggests a possible upside of 24.1% 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 2024?

Grocery Outlet's stock was trading at $26.96 on January 1st, 2024. Since then, GO shares have decreased by 3.6% and is now trading at $25.99.
View the best growth stocks for 2024 here
.

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 can I listen to Grocery Outlet's earnings call?

Grocery Outlet will be holding an earnings conference call on Tuesday, February 27th at 4:30 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 844-512-2921 with passcode "13742808".

How were Grocery Outlet's earnings last quarter?

Grocery Outlet Holding Corp. (NASDAQ:GO) announced its earnings results on Monday, November, 8th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.02. The business had revenue of $768.88 million for the quarter, compared to analysts' expectations of $781.21 million. Grocery Outlet had a net margin of 2.08% and a trailing twelve-month return on equity of 7.78%. During the same quarter in the previous year, the company posted $0.50 earnings per share.

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

Grocery Outlet issued an update on its FY 2023 earnings guidance on Monday, December, 11th. The company provided earnings per share (EPS) guidance of 1.040-1.060 for the period, compared to the consensus EPS estimate of 1.050. The company issued revenue guidance of $4.0 billion-$4.0 billion, compared to the consensus revenue estimate of $4.0 billion.

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 (IPO) 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 acted 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 many different retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (9.41%), Vanguard Group Inc. (9.34%), Mackenzie Financial Corp (4.96%), Jackson Square Partners LLC (4.46%), Clearbridge Investments LLC (2.96%) and Dimensional Fund Advisors LP (2.77%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GO) was last updated on 2/26/2024 by MarketBeat.com Staff