NASDAQ:GO

Grocery Outlet Stock Forecast, Price & News

$46.12

+3.53 (+8.29 %)

(As of 01/27/2021 12:00 AM ET)

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Today's Range

$41.61

Now: $46.12▼

$46.31

50-Day Range

$37.47

MA: $39.51▼

$40.75

52-Week Range

$28.11

Now: $46.12▼

$48.87

Volume2.14 million shs

Average Volume899,821 shs

Market Capitalization$4.34 billion

P/E Ratio48.55

Dividend YieldN/A

Beta-0.39

Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as dairy and deli, produce, and fresh meat and seafood products, as well as grocery, frozen, beer and wine, general merchandise, and health and beauty care products; and natural, organic, specialty, and healthy products. As of November 10, 2020, it had 350 stores in California, Washington, Oregon, Pennsylvania, Idaho, and Nevada. The company was founded in 1946 and is headquartered in Emeryville, California.

Overall MarketRank^™

0.98 out of 5 stars

Consumer Staples Sector

160th out of 301 stocks

Grocery Stores Industry

14th out of 27 stocks

1.4 Analyst's Opinion

Consensus Rating
Grocery Outlet has received a consensus rating of Buy. The company's average rating score is 2.83, and is based on 10 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $46.36, Grocery Outlet has a forecasted upside of 0.5% from its current price of $46.12.
Amount of Analyst Coverage
Grocery Outlet has only been the subject of 3 research reports in the past 90 days.

1.2 Community Rank

Outperform Votes
Grocery Outlet has received 1 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Grocery Outlet has received 3 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Grocery Outlet has received 75.00% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Grocery Outlet and other stocks. Vote “Outperform” if you believe GO will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GO will underperform the S&P 500 over the long term. You may vote once every thirty days.

0.0 Dividend Strength

Dividend Yield
Grocery Outlet does not currently pay a dividend.
Dividend Growth
Grocery Outlet does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Grocery Outlet insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $24,325,024.00 in company stock.
Percentage Held by Insiders
Only 15.50% of the stock of Grocery Outlet is held by insiders.
Percentage Held by Institutions
96.03% of the stock of Grocery Outlet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6 Earnings and Valuation

Earnings Growth
Earnings for Grocery Outlet are expected to grow by 0.87% in the coming year, from $1.15 to $1.16 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Grocery Outlet is 48.55, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.90.
Price to Earnings Ratio vs. Sector
The P/E ratio of Grocery Outlet is 48.55, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 41.83.
Price to Earnings Growth Ratio
Grocery Outlet has a PEG Ratio of 2.19. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Grocery Outlet has a P/B Ratio of 5.50. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Grocery stores

Sub-IndustryN/A

SectorConsumer Staples

Current SymbolNASDAQ:GO

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.groceryoutlet.com

Phone510 845 1999

Employees682

Year FoundedN/A

Debt

Debt-to-Equity Ratio0.50

Current Ratio1.76

Quick Ratio0.47

Price-To-Earnings

Trailing P/E Ratio48.55

Forward P/E Ratio40.10

P/E Growth2.19

Sales & Book Value

Annual Sales$2.56 billion

Price / Sales1.70

Cash Flow$1.63 per share

Price / Cash Flow28.31

Book Value$8.39 per share

Price / Book5.50

Profitability

EPS (Most Recent Fiscal Year)$0.79

Net Income$15.42 million

Net Margins3.09%

Return on Equity17.92%

Return on Assets6.32%

Miscellaneous

Outstanding Shares94,151,000

Market Cap$4.34 billion

Next Earnings Date3/23/2021 (Estimated)

OptionableOptionable

$46.12

+3.53 (+8.29 %)

(As of 01/27/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Grocery Outlet (NASDAQ:GO) Frequently Asked Questions

How has Grocery Outlet's stock price been impacted by Coronavirus?

Grocery Outlet's stock was trading at $32.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, GO shares have increased by 41.8% and is now trading at $46.12.
View which stocks have been most impacted by COVID-19.

Is Grocery Outlet a buy right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Grocery Outlet stock.
View analyst ratings for Grocery Outlet or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Grocery Outlet?

Wall Street analysts have given Grocery Outlet a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Grocery Outlet wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

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 is Grocery Outlet's next earnings date?

Grocery Outlet is scheduled to release its next quarterly earnings announcement on Tuesday, March 23rd 2021.
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 results on Tuesday, November, 10th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.23 by $0.27. The firm had revenue of $764.08 million for the quarter, compared to analyst estimates of $753.65 million. Grocery Outlet had a trailing twelve-month return on equity of 17.92% and a net margin of 3.09%.
View Grocery Outlet's earnings history.

What price target have analysts set for GO?

12 equities research analysts have issued 12 month price objectives for Grocery Outlet's shares. Their forecasts range from $40.00 to $53.00. On average, they expect Grocery Outlet's stock price to reach $46.36 in the next twelve months. This suggests a possible upside of 0.5% from the stock's current price.
View analysts' price targets for Grocery Outlet or view Wall Street analyst' top-rated stocks.

Who are some of Grocery Outlet's key competitors?

Some companies that are related to Grocery Outlet include George Weston Limited (WN.TO) (WN), Metro Inc. (MRU.TO) (MRU), George Weston (WNGRF), Empire (EMP.A), Albertsons Companies (ACI), Dairy Farm International (DFIHY), J Sainsbury plc (SBRY.L) (SBRY), Wm Morrison Supermarkets PLC (MRW.L) (MRW), Companhia Brasileira de Distribuição (CBD), Sprouts Farmers Market (SFM), Greggs plc (GRG.L) (GRG), The North West Company Inc. (NWC.TO) (NWC), Weis Markets (WMK), Ingles Markets (IMKTA) and Natural Grocers by Vitamin Cottage (NGVC).
View all of GO's competitors.

Who are Grocery Outlet's key executives?

Grocery Outlet's management team includes the following people:

Mr. Eric J. Lindberg Jr., CEO & Director (Age 50, Pay $2.36M)
Mr. Robert Joseph Sheedy Jr., Pres (Age 46, Pay $1.24M)
Mr. Charles C. Bracher, Chief Fin. Officer (Age 48, Pay $1.15M)
Mr. Thomas H. McMahon, Exec. VP, Chief Sales & Merchandising Officer of West (Age 60, Pay $753.86k)
Mr. Harrison Lewis, Sr. VP & Chief Information Officer
Ms. Pamela B. Burke, Chief Admin. Officer, Gen. Counsel & Sec. (Age 53)
Joseph Pelland, VP of Investor Relations
Ms. Layla Kasha, Sr. VP & Chief Marketing Officer
Ms. Andrea R. Bortner, Chief HR Officer (Age 59)
Mr. Jeff Oki, Sr. VP of New Markets

When did Grocery Outlet IPO?

(GO) raised $275 million in an 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 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 institutional and retail investors. Top institutional shareholders include Summit Creek Advisors LLC (0.46%), Hennessy Advisors Inc. (0.28%), Retirement Systems of Alabama (0.12%), Congress Asset Management Co. MA (0.12%), Hamilton Lane Advisors LLC (0.04%) and Louisiana State Employees Retirement System (0.02%). Company insiders that own Grocery Outlet stock include Brian Mcandrews, Charles Bracher, Corporate Investors Vii L H&F, Eric J Jr Lindberg, Jeffrey York, Lindsay E Gray, Norman S Matthews, Pamela B Burke, Robert Joseph Jr Sheedy, S Macgregor Jr Read, Steven K Wilson, Thomas F Herman and Thomas H Mcmahon.
View institutional ownership trends for Grocery Outlet.

Which institutional investors are selling Grocery Outlet stock?

GO stock was sold by a variety of institutional investors in the last quarter, including Retirement Systems of Alabama, Hamilton Lane Advisors LLC, Congress Asset Management Co. MA, Pacer Advisors Inc., Paragon Advisors LLC, and State of Alaska Department of Revenue. Company insiders that have sold Grocery Outlet company stock in the last year include Brian Mcandrews, Charles Bracher, Corporate Investors Vii L H&F, Eric J Jr Lindberg, Jeffrey York, Lindsay E Gray, Pamela B Burke, Robert Joseph Jr Sheedy, S Macgregor Jr Read, Steven K Wilson, Thomas F Herman, and Thomas H Mcmahon.
View insider buying and selling activity for Grocery Outlet or view top insider-selling stocks.

Which institutional investors are buying Grocery Outlet stock?

GO stock was bought by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc., Summit Creek Advisors LLC, Louisiana State Employees Retirement System, and Exchange Traded Concepts LLC. Company insiders that have bought Grocery Outlet stock in the last two years include Charles Bracher, Eric J Jr Lindberg, Jeffrey York, Robert Joseph Jr Sheedy, and Steven K Wilson.
View insider buying and selling activity for Grocery Outlet or or view top insider-buying stocks.

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.

What is Grocery Outlet's stock price today?

One share of GO stock can currently be purchased for approximately $46.12.

How big of a company is Grocery Outlet?

Grocery Outlet has a market capitalization of $4.34 billion and generates $2.56 billion in revenue each year. The company earns $15.42 million in net income (profit) each year or $0.79 on an earnings per share basis. Grocery Outlet employs 682 workers across the globe.

What is Grocery Outlet's official website?

The official website for Grocery Outlet is www.groceryoutlet.com.

How can I contact Grocery Outlet?

Grocery Outlet's mailing address is 5650 HOLLIS STREET, EMERYVILLE CA, 94608. The company can be reached via phone at 510 845 1999 or via email at [email protected]

This page was last updated on 1/27/2021 by MarketBeat.com Staff

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