NASDAQ:GO

Grocery Outlet (GO) Stock Price, News & Analysis

$22.47
+0.65 (+2.98%)
(As of 05/17/2024 ET)
Today's Range
$21.85
$22.81
50-Day Range
$19.77
$29.00
52-Week Range
$19.73
$36.54
Volume
2.21 million shs
Average Volume
1.48 million shs
Market Capitalization
$2.24 billion
P/E Ratio
35.11
Dividend Yield
N/A
Price Target
$28.90

Grocery Outlet MarketRank™ Stock Analysis

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
28.6% Upside
$28.90 Price Target
Short Interest
Bearish
7.64% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.57mentions of Grocery Outlet in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$13.37 M Sold Last Quarter
Proj. Earnings Growth
31.94%
From $0.72 to $0.95 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.

4.19 out of 5 stars

Consumer Staples Sector

46th out of 137 stocks

Grocery Stores Industry

3rd out of 10 stocks

GO stock logo

About Grocery Outlet Stock (NASDAQ:GO)

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products. The company was founded in 1946 and is headquartered in Emeryville, California.

GO Stock Price History

GO Stock News Headlines

Merger or Not, Albertson’s Companies is a Good Buy (GO)
Albertsons Companies is a value for investors and it pays a higher yield than competitor Kroger. A merger is in the works but shareholders win either way.
Grocery Outlet (NASDAQ:GO) PT Lowered to $25.00
Grocery Outlet (NASDAQ:GO) PT Lowered to $27.00
The Analyst Landscape: 4 Takes On Grocery Outlet Holding
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
5/17/2024
Next Earnings (Estimated)
8/13/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Grocery stores
Sub-Industry
N/A
Fax
N/A
Employees
901
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$28.90
High Stock Price Target
$39.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+28.6%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
10 Analysts

Profitability

Net Income
$79.44 million
Pretax Margin
1.98%

Debt

Sales & Book Value

Annual Sales
$3.97 billion
Cash Flow
$1.87 per share
Book Value
$12.26 per share

Miscellaneous

Free Float
95,368,000
Market Cap
$2.24 billion
Optionable
Optionable
Beta
0.13
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GO Stock Analysis - Frequently Asked Questions

Should I buy or sell Grocery Outlet stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street 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 analysts have issued 1-year target prices for Grocery Outlet's stock. Their GO share price targets range from $20.00 to $39.00. On average, they predict the company's share price to reach $28.90 in the next twelve months. This suggests a possible upside of 28.6% 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 2024?

Grocery Outlet's stock was trading at $26.96 at the beginning of 2024. Since then, GO shares have decreased by 16.7% and is now trading at $22.47.
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, August 13th 2024.
View our GO earnings forecast
.

How were Grocery Outlet's earnings last quarter?

Grocery Outlet Holding Corp. (NASDAQ:GO) issued its quarterly earnings results on Tuesday, February, 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The company earned $989.82 million during the quarter, compared to analyst estimates of $982.44 million. Grocery Outlet had a trailing twelve-month return on equity of 5.46% and a net margin of 1.60%.

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

Grocery Outlet updated its FY 2024 earnings guidance on Wednesday, May, 8th. The company provided earnings per share guidance of 0.890-0.950 for the period, compared to the consensus earnings per share estimate of 1.170. The company issued revenue guidance of $4.3 billion-$4.4 billion, compared to the consensus revenue estimate of $4.3 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?

Grocery Outlet (GO) raised $275 million in an 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.

Who are Grocery Outlet's major shareholders?

Grocery Outlet's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.33%), Capital Research Global Investors (8.25%), 12 West Capital Management LP (3.62%), Capital World Investors (3.58%), Clearbridge Investments LLC (2.94%) and Jackson Square Partners LLC (2.71%). Insiders that own company stock include Andrea Renee Bortner, Brian Mcandrews, Charles Bracher, Eric J Jr Lindberg, Eric J Jr Lindberg, Erik D Ragatz, Jeffrey York, John E Bachman, Lindsay E Gray, Luke D Thompson, Pamela B Burke, Robert Joseph Jr Sheedy, S Macgregor Jr Read, 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 5/17/2024 by MarketBeat.com Staff

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