NASDAQ:GO Grocery Outlet Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Grocery Outlet Holding Corp. Please log in to your account or sign up in order to add this asset to your watchlist. $43.12 -0.38 (-0.87%) (As of 07/5/2022 11:33 AM ET) Add Compare Share Today's Range$42.84▼$44.0050-Day Range$31.07▼$43.5052-Week Range$21.01▼$43.55Volume10,316 shsAverage Volume1.30 million shsMarket Capitalization$4.16 billionP/E Ratio77.00Dividend YieldN/APrice Target$37.44 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Grocery Outlet MarketRank™ ForecastAnalyst RatingModerate Buy2.75 Rating ScoreUpside/Downside13.9% Downside$37.44 Price TargetShort InterestHealthy9.23% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.25Based on 13 Articles This WeekInsider TradingSelling Shares$24.88 M Sold Last QuarterProj. Earnings Growth19.48%From $0.77 to $0.92 Per ShareSee Full Details Hide Full Details 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 starsConsumer Staples Sector115th out of 197 stocksGrocery Stores Industry5th out of 12 stocks 1.4 Analyst's Opinion Consensus RatingGrocery Outlet has received a consensus rating of Buy. The company's average rating score is 2.75, and is based on 6 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $37.44, Grocery Outlet has a forecasted downside of 13.9% from its current price of $43.50.Amount of Analyst CoverageGrocery Outlet has only been the subject of 4 research reports in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted9.23% of the float of Grocery Outlet has been sold short.Short Interest Ratio / Days to CoverGrocery Outlet has a short interest ratio ("days to cover") of 7.4.Change versus previous monthShort interest in Grocery Outlet has recently decreased by 5.81%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldGrocery Outlet does not currently pay a dividend.Dividend GrowthGrocery Outlet does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GO. Previous Next 1.8 News and Social Media Coverage News SentimentGrocery Outlet has a news sentiment score of 0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.54 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 13 news articles for Grocery Outlet this week, compared to 2 articles on an average week.Search InterestOnly 13 people have searched for GO on MarketBeat in the last 30 days. This is a decrease of -57% compared to the previous 30 days.MarketBeat FollowsOnly 7 people have added Grocery Outlet to their MarketBeat watchlist in the last 30 days. This is a decrease of -59% compared to the previous 30 days. Previous Next 3.3 Company Ownership Insider Buying vs. Insider SellingIn 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 $24,878,369.00 in company stock.Percentage Held by Insiders11.20% of the stock of Grocery Outlet is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions96.41% of the stock of Grocery Outlet is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Grocery Outlet are expected to grow by 19.48% in the coming year, from $0.77 to $0.92 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Grocery Outlet is 77.68, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 75.60.Price to Earnings Ratio vs. SectorThe P/E ratio of Grocery Outlet is 77.68, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 14.78.Price to Earnings Growth RatioGrocery Outlet has a PEG Ratio of 5.41. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioGrocery Outlet has a P/B Ratio of 4.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive GO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Grocery Outlet and its competitors with MarketBeat's FREE daily newsletter. Email Address About Grocery Outlet (NASDAQ:GO) StockGrocery 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.Read More GO Stock News HeadlinesJuly 2, 2022 | americanbankingnews.comDeutsche Bank Aktiengesellschaft Raises Grocery Outlet (NASDAQ:GO) Price Target to $48.00July 2, 2022 | americanbankingnews.comGrocery Outlet (NASDAQ:GO) Sees Strong Trading Volume After Analyst UpgradeJuly 5, 2022 | Investing Trends (Ad)Biden Warns: China Could "Eat Our Lunch" When it Comes to LithiumPres. 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. July 1, 2022 | seekingalpha.comGrocery Outlet: You've Got To EatJuly 1, 2022 | americanbankingnews.comInsider Selling: Grocery Outlet Holding Corp. (NASDAQ:GO) CEO Sells 25,000 Shares of StockJuly 1, 2022 | americanbankingnews.comGrocery Outlet (NASDAQ:GO) Sets New 52-Week High on Analyst UpgradeJune 30, 2022 | americanbankingnews.comRobert Joseph Jr. Sheedy Sells 6,667 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO) StockJune 29, 2022 | markets.businessinsider.comWhat 6 Analyst Ratings Have To Say About Grocery Outlet HoldingJuly 5, 2022 | Investing Trends (Ad)All Electric Commitment From GM, Volkswagen, Could Put Lithium Stock In A SupercycleMore 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...June 27, 2022 | finance.yahoo.comBig Money Hits the Grocery OutletJune 27, 2022 | americanbankingnews.comBrokerages Set Grocery Outlet Holding Corp. (NASDAQ:GO) Target Price at $37.38June 23, 2022 | americanbankingnews.comGrocery Outlet (NASDAQ:GO) Rating Increased to B at TheStreetJune 23, 2022 | americanbankingnews.comGrocery Outlet (NASDAQ:GO) Upgraded to "B" by TheStreetJune 19, 2022 | americanbankingnews.comGrocery Outlet (NASDAQ:GO) Hits New 52-Week High at $41.30June 18, 2022 | finance.yahoo.comWarren Buffett-Backed EV Maker BYD Leads 5 Strong Stocks In Bear MarketJune 18, 2022 | americanbankingnews.comThomas F. Herman Sells 2,000 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO) StockJune 17, 2022 | americanbankingnews.comGrocery Outlet Holding Corp. (NASDAQ:GO) President Robert Joseph Jr. Sheedy Sells 6,667 SharesJune 16, 2022 | seekingalpha.comKroger falls on margin concerns, drags on grocery namesJune 16, 2022 | americanbankingnews.comGrocery Outlet Holding Corp. (NASDAQ:GO) CEO Eric J. Jr. Lindberg Sells 25,000 SharesJune 14, 2022 | americanbankingnews.comGrocery Outlet Holding Corp. (NASDAQ:GO) CFO Sells $386,600.00 in StockJune 12, 2022 | americanbankingnews.comGrocery Outlet (NASDAQ:GO) PT Raised to $45.00 at CowenJune 12, 2022 | americanbankingnews.comCowen Increases Grocery Outlet (NASDAQ:GO) Price Target to $45.00June 11, 2022 | americanbankingnews.comGrocery Outlet (NASDAQ:GO) Shares Up 2.5% Following Analyst UpgradeJune 10, 2022 | markets.businessinsider.comExpert Ratings for Grocery Outlet HoldingJune 10, 2022 | markets.businessinsider.comCowen & Co. Maintains Outperform Rating for Grocery Outlet Holding: Here's What You Need To KnowJune 9, 2022 | finance.yahoo.comWhy Is Grocery Outlet Holding Corp. (GO) Up 5.2% Since Last Earnings Report?June 9, 2022 | finance.yahoo.comInvestors in Grocery Outlet Holding (NASDAQ:GO) have made a return of 11% over the past yearSee More Headlines Industry, Sector and Symbol Stock ExchangeNASDAQ Industry Grocery stores Sub-IndustryN/A SectorConsumer Staples Current SymbolNASDAQ:GO CUSIPN/A CIK1771515 Webwww.groceryoutlet.com Phone(510) 845-1999FaxN/AEmployees803Year FoundedN/ACompany Calendar Last Earnings5/10/2022Today7/05/2022Next Earnings (Estimated)8/09/2022Fiscal Year End12/31/2022Price 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 RatingModerate Buy Rating Score (0-4)2.75 Research Coverage8 Analysts Profitability EPS (Most Recent Fiscal Year)$0.56 Trailing P/E Ratio77.00 Forward P/E Ratio56.00 P/E Growth5.41Net Income$62.31 million Net Margins1.74% Pretax Margin2.32% Return on Equity8.65% Return on Assets3.28% Debt Debt-to-Equity Ratio0.44 Current Ratio1.90 Quick Ratio0.68 Sales & Book Value Annual Sales$3.08 billion Price / Sales1.35 Cash Flow$1.69 per share Price / Cash Flow25.54 Book Value$10.51 per share Price / Book4.10Miscellaneous Outstanding Shares96,370,000Free Float85,574,000Market Cap$4.16 billion OptionableOptionable 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: Mr. Eric J. Lindberg Jr., CEO & Director (Age 51, Pay $808.93k)Mr. Robert Joseph Sheedy Jr., Pres (Age 47, Pay $601.23k) (LinkedIn Profile)Mr. Charles C. Bracher, Exec. VP & CFO (Age 49, Pay $556.24k) (LinkedIn Profile)Ms. Pamela B. Burke, Chief Stores Officer, Exec. VP, Interim Gen. Counsel & Sec. (Age 54, Pay $446.31k) (LinkedIn Profile)Mr. Steven K. Wilson, Sr. VP & Chief Purchasing Officer (Age 58, Pay $401.57k) (LinkedIn Profile)Mr. Harrison Lewis, Sr. VP & Chief Information OfficerMr. Arvind Bhatia, VP of Investor RelationsMs. Andrea R. Bortner, Exec. VP & Chief HR Officer (Age 60)Ms. Layla Kasha, Chief New Store Growth Officer & Sr. VPMr. Brian T. McAndrews, Sr. VP & Chief New Store Devel. Officer (Age 61) (LinkedIn Profile) 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. Who are some of Grocery Outlet's key competitors? 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). View all of GO's competitors. 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 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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