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NASDAQ:GO

Grocery Outlet Stock Forecast, Price & News

$23.20
-0.09 (-0.39 %)
(As of 10/19/2021 12:55 PM ET)
Add
Compare
Today's Range
$22.97
$23.26
50-Day Range
$21.24
$30.93
52-Week Range
$21.01
$48.87
Volume12,565 shs
Average Volume1.00 million shs
Market Capitalization$2.23 billion
P/E Ratio22.31
Dividend YieldN/A
Beta-0.22
30 days | 90 days | 365 days | Advanced Chart
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Grocery Outlet logo

About Grocery Outlet

Grocery Outlet Holding Corp. engages in the operation of retail stores in the United States. It offers name-brand consumables and fresh products through a network of independently operated stores. The company was founded by Jim Read in 1946 and is headquartered in Emeryville, CA.

Headlines

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Industry, Sector and Symbol

Industry
Grocery stores
Sub-Industry
N/A
Employees
860
Year Founded
N/A

Sales & Book Value

Annual Sales
$3.13 billion
Cash Flow
$1.81 per share
Book Value
$9.80 per share

Profitability

Net Income
$106.71 million

Debt

Price-To-Earnings

Miscellaneous

Market Cap
$2.23 billion
Next Earnings Date
11/9/2021 (Estimated)
Optionable
Optionable

MarketRank

Overall MarketRank

2.10 out of 5 stars

Consumer Staples Sector

85th out of 181 stocks

Grocery Stores Industry

4th out of 13 stocks

Analyst Opinion: 3.2Community Rank: 1.5Dividend Strength: 0.0Insider Behavior: 3.3Valuation: 2.5 5 -4 -3 -2 -1 -












Grocery Outlet (NASDAQ:GO) Frequently Asked Questions

Is Grocery Outlet a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last twelve months. There are currently 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" Grocery Outlet stock. 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 analyst ratings for Grocery Outlet
or view top-rated stocks.

What stocks does MarketBeat like better than Grocery Outlet?

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

When is Grocery Outlet's next earnings date?

Grocery Outlet is scheduled to release its next quarterly earnings announcement on Tuesday, November 9th 2021.
View our earnings forecast for Grocery Outlet
.

How were Grocery Outlet's earnings last quarter?

Grocery Outlet Holding Corp. (NASDAQ:GO) released its earnings results on Monday, August, 9th. The company reported $0.23 EPS for the quarter, missing analysts' consensus estimates of $0.24 by $0.01. The firm had revenue of $775.54 million for the quarter, compared to the consensus estimate of $774.31 million. Grocery Outlet had a trailing twelve-month return on equity of 12.73% and a net margin of 3.33%. The business's revenue was down 3.5% on a year-over-year basis. During the same period last year, the company earned $0.42 earnings per share.
View Grocery Outlet's earnings history
.

How has Grocery Outlet's stock 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. Since then, GO shares have decreased by 29.1% and is now trading at $23.07.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for GO?

8 brokerages have issued 1 year price targets for Grocery Outlet's shares. Their forecasts range from $29.00 to $38.00. On average, they anticipate Grocery Outlet's stock price to reach $34.86 in the next twelve months. This suggests a possible upside of 51.1% from the stock's current price.
View analysts' price targets for Grocery Outlet
or view top-rated stocks among Wall Street analysts.

Who are Grocery Outlet's key executives?

Grocery Outlet's management team includes the following people:
  • Eric J. Lindberg, Chief Executive Officer & Director (LinkedIn Profile)
  • Robert Joseph Sheedy, President
  • Charles C. Bracher, Chief Financial Officer & Executive Vice President
  • Steve Tuscher, Vice President-Information Technology
  • Harrison Lewis, Chief Information Officer & Senior Vice President

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 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 $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 many different institutional and retail investors. Top institutional investors include Hennessy Advisors Inc. (0.24%) and Exchange Traded Concepts LLC (0.02%). Company insiders that own Grocery Outlet stock include Brian Mcandrews, Charles Bracher, Corporate Investors Vii L H&F, Eric J Jr Lindberg, Eric J Jr Lindberg, Heather L Mayo, Jeffrey York, Lindsay E Gray, Pamela B Burke, Robert Joseph Jr Sheedy, S Macgregor Jr Read, Steven K Wilson, Thomas F Herman, Thomas F Herman and Thomas H Mcmahon.
View institutional ownership trends for Grocery Outlet
.

Which major investors are selling Grocery Outlet stock?

GO stock was sold by a variety of institutional investors in the last quarter, including Hennessy Advisors Inc.. Company insiders that have sold Grocery Outlet company stock in the last year include Brian Mcandrews, Charles Bracher, Eric J Jr Lindberg, Heather L Mayo, 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 major investors are buying Grocery Outlet stock?

GO stock was purchased by a variety of institutional investors in the last quarter, including Exchange Traded Concepts LLC.
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.
Compare Top Brokerages Here.

What is Grocery Outlet's stock price today?

One share of GO stock can currently be purchased for approximately $23.07.

How much money does Grocery Outlet make?

Grocery Outlet has a market capitalization of $2.21 billion and generates $3.13 billion in revenue each year. The company earns $106.71 million in net income (profit) each year or $1.14 on an earnings per share basis.

How many employees does Grocery Outlet have?

Grocery Outlet employs 860 workers across the globe.

What is Grocery Outlet's official website?

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

Where are Grocery Outlet's headquarters?

Grocery Outlet is headquartered at 5650 HOLLIS STREET, EMERYVILLE CA, 94608.

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 10/19/2021 by MarketBeat.com Staff

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