Grocery Outlet Stock Price, News & Analysis (NASDAQ:GO)

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.

10 brokers have issued 12-month price objectives for Grocery Outlet's stock. Their GO share price targets range from $20.00 to $40.00. On average, they predict the company's stock price to reach $33.38 in the next twelve months. This suggests a possible upside of 14.1% from the stock's current price.
View analysts price targets for GO or view top-rated stocks among Wall Street analysts.

Grocery Outlet's stock was trading at $29.19 on January 1st, 2023. Since then, GO shares have increased by 0.2% and is now trading at $29.25.
View the best growth stocks for 2023 here.

Grocery Outlet saw a drop in short interest during the month of November. As of November 15th, there was short interest totaling 6,520,000 shares, a drop of 10.3% from the October 31st total of 7,270,000 shares. Based on an average daily trading volume, of 977,600 shares, the short-interest ratio is presently 6.7 days. Approximately 7.2% of the company's shares are sold short.
View Grocery Outlet's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our GO earnings forecast.

Grocery Outlet Holding Corp. (NASDAQ:GO) issued its earnings results on Tuesday, November, 7th. The company reported $0.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.03. The company earned $1 billion during the quarter, compared to analyst estimates of $1.01 billion. Grocery Outlet had a trailing twelve-month return on equity of 7.78% and a net margin of 2.08%.

ETFs with the largest weight of Grocery Outlet (NASDAQ:GO) stock in their portfolio include SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), First Trust Consumer Staples AlphaDEX Fund (FXG), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) and Etho Climate Leadership US ETF (ETHO).iShares U.S. Consumer Staples ETF (IYK).

Grocery Outlet updated its fourth quarter earnings guidance on Tuesday, November, 7th. The company provided earnings per share guidance of $0.15-0.17 for the period, compared to the consensus EPS estimate of $0.22. The company issued revenue guidance of $970.4 million, compared to the consensus revenue estimate of $991.65 million.

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.

(GO) raised $275 million in an initial public offering 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.

Grocery Outlet's stock is owned by a number of institutional and retail investors. Top institutional investors include Mackenzie Financial Corp (4.77%), Bank of New York Mellon Corp (3.46%), Parnassus Investments LLC (3.37%), Clearbridge Investments LLC (2.56%), Van Berkom & Associates Inc. (2.42%) and JPMorgan Chase & Co. (2.00%). 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.

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.