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NASDAQ:GO

Grocery Outlet (GO) Stock Forecast, Price & News

$28.80
+0.39 (+1.37%)
(As of 04:00 PM ET)
Compare
Today's Range
$28.19
$28.94
50-Day Range
$28.41
$34.68
52-Week Range
$25.71
$36.54
Volume
851,655 shs
Average Volume
989,311 shs
Market Capitalization
$2.84 billion
P/E Ratio
40.56
Dividend Yield
N/A
Price Target
$35.11

Grocery Outlet MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
21.6% Upside
$35.11 Price Target
Short Interest
Bearish
8.10% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.53mentions of Grocery Outlet in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$12.41 M Sold Last Quarter
Proj. Earnings Growth
14.29%
From $0.84 to $0.96 Per Share

Overall MarketRank

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

2.04 out of 5 stars

Consumer Staples Sector

88th out of 125 stocks

Grocery Stores Industry

6th out of 10 stocks


GO stock logo

About Grocery Outlet (NASDAQ:GO) Stock

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 Price History

GO Stock News Headlines

Kroger (KR) to Enhance Store Shelf Space for Local Products
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed
This signal has flashed just 24 times in the past 73 years – and it has signaled the exact moment to move your money with 95% accuracy. Now, it's flashing again. Discover where here.
Grocery Outlet (NASDAQ:GO) Rating Reiterated by Telsey Advisory Group
Grocery Outlet Opening In Palm Desert
Casey's (CASY) Q1 Earnings Beat Estimates, Revenues Down Y/Y
A 73-Year-Old Market Signal With 95% Accuracy Just Flashed
This signal has flashed just 24 times in the past 73 years – and it has signaled the exact moment to move your money with 95% accuracy. Now, it's flashing again. Discover where here.
Energizer (ENR) Exhibits Bright Prospects Despite Headwinds
Here's Why You Should Give Service Corporation (SCI) a Miss
Casey's (CASY) Rides on Its Business Model & Digitization
GO or RH: Which Is the Better Value Stock Right Now?
3 Food Stocks to Hedge Against a Market Downturn
Why Is Grocery Outlet (GO) Stock Soaring Today
See More Headlines
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GO Company Calendar

Last Earnings
8/08/2023
Today
9/22/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

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 Forecast
$35.11
High Stock Price Forecast
$40.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+23.6%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$65.05 million
Pretax Margin
2.39%

Debt

Sales & Book Value

Annual Sales
$3.58 billion
Cash Flow
$1.59 per share
Book Value
$11.41 per share

Miscellaneous

Free Float
92,653,000
Market Cap
$2.81 billion
Optionable
Optionable
Beta
0.05
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Key Executives

  • Mr. Robert Joseph Sheedy Jr.Mr. Robert Joseph Sheedy Jr. (Age 48)
    Pres, CEO & Director
    Comp: $1.32M
  • Mr. Charles C. BracherMr. Charles C. Bracher (Age 50)
    Exec. VP & CFO
    Comp: $1.1M
  • Ms. Pamela B. BurkeMs. Pamela B. Burke (Age 55)
    Chief Stores Officer & Exec. VP
    Comp: $918.61k
  • Mr. Steven K. WilsonMr. Steven K. Wilson (Age 59)
    Exec. VP & Chief Purchasing Officer
    Comp: $746.29k
  • Ms. Lindsay E. GrayMs. Lindsay E. Gray
    Sr. VP of Accounting
  • Mr. Harrison Lewis
    Sr. VP & Chief Information Officer
  • Mr. Arvind Bhatia
    VP of Investor Relations
  • Mr. Luke D. Thompson (Age 51)
    Sr. VP, Gen. Counsel & Corp. Sec.
  • Jon Decker
    Sr. VP of Stores, Sales & Merchandising
  • Ms. Andrea R. Bortner (Age 61)
    Exec. VP & Chief HR Officer













GO Stock - 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 forecast for 2023?

10 equities research analysts have issued 1 year price objectives for Grocery Outlet's shares. Their GO share price forecasts range from $27.00 to $40.00. On average, they predict the company's share price to reach $35.11 in the next twelve months. This suggests a possible upside of 23.6% 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 at the beginning of 2023. Since then, GO stock has decreased by 2.7% and is now trading at $28.41.
View the best growth stocks for 2023 here
.

When is Grocery Outlet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our GO earnings forecast
.

How were Grocery Outlet's earnings last quarter?

Grocery Outlet Holding Corp. (NASDAQ:GO) announced its earnings results on Tuesday, August, 8th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. The firm earned $1.01 billion during the quarter, compared to the consensus estimate of $974.89 million. Grocery Outlet had a trailing twelve-month return on equity of 7.28% and a net margin of 1.87%.

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

Grocery Outlet issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of $1.04-$1.08 for the period, compared to the consensus earnings per share estimate of $1.01. The company issued revenue guidance of $3.95 billion-$3.95 billion, compared to the consensus revenue estimate of $3.91 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 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 served 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."

Who are Grocery Outlet's major shareholders?

Grocery Outlet's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (9.58%), BlackRock Inc. (8.94%), Jackson Square Partners LLC (5.74%), Alliancebernstein L.P. (5.68%), Mackenzie Financial Corp (4.82%) and Parnassus Investments LLC (4.56%). 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, Thomas F Herman and Thomas H Mcmahon.
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.

What is Grocery Outlet's stock price today?

One share of GO stock can currently be purchased for approximately $28.41.

How much money does Grocery Outlet make?

Grocery Outlet (NASDAQ:GO) has a market capitalization of $2.81 billion and generates $3.58 billion in revenue each year. The company earns $65.05 million in net income (profit) each year or $0.71 on an earnings per share basis.

How many employees does Grocery Outlet have?

The company employs 864 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 the company 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 9/22/2023 by MarketBeat.com Staff

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