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DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
S&P 500   4,967.23
DOW   37,986.40
QQQ   414.65
North Carolina medical marijuana sales begin at Cherokee store
Ukrainian and Western leaders laud US aid package while the Kremlin warns of 'further ruin'
Biden sees a $35 price cap for insulin as a pivotal campaign issue. It’s not that clear-cut
'Civil War’ continues box-office campaign at No. 1
Hawaii lawmakers take aim at vacation rentals after Lahaina wildfire amplifies Maui housing crisis
Conservative Brazilians laud Elon Musk at rally in support of ex-president Bolsonaro
Tens of thousands of Colombians protest against the leftist president's reform agenda
NASDAQ:GO

Grocery Outlet (GO) Stock Price, News & Analysis

$26.97
+0.50 (+1.89%)
(As of 04/19/2024 ET)
Today's Range
$26.34
$26.98
50-Day Range
$25.79
$29.00
52-Week Range
$23.41
$36.54
Volume
923,574 shs
Average Volume
1.14 million shs
Market Capitalization
$2.68 billion
P/E Ratio
34.14
Dividend Yield
N/A
Price Target
$31.44

Grocery Outlet MarketRank™ Stock Analysis

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
16.6% Upside
$31.44 Price Target
Short Interest
Bearish
7.37% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.94mentions of Grocery Outlet in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$13.37 M Sold Last Quarter
Proj. Earnings Growth
10.53%
From $0.95 to $1.05 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.

1.64 out of 5 stars

Consumer Staples Sector

115th out of 135 stocks

Grocery Stores Industry

8th out of 11 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

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Grocery Outlet Holding Corp. (GO)
7 Boring Stocks to Buy as Inflation Crimps Sentiment
See More Headlines
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Company Calendar

Last Earnings
2/27/2024
Today
4/21/2024
Next Earnings (Estimated)
5/14/2024
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
$31.44
High Stock Price Target
$39.00
Low Stock Price Target
$20.00
Potential Upside/Downside
+16.6%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
9 Analysts

Profitability

Net Income
$79.44 million
Pretax Margin
2.62%

Debt

Sales & Book Value

Annual Sales
$3.97 billion
Cash Flow
$1.74 per share
Book Value
$12.28 per share

Miscellaneous

Free Float
93,076,000
Market Cap
$2.68 billion
Optionable
Optionable
Beta
0.10
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GO Stock Analysis - Frequently Asked Questions

Should I buy or sell Grocery Outlet stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last year. There are currently 2 sell ratings, 4 hold ratings and 3 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?

9 Wall Street research analysts have issued 1-year target prices for Grocery Outlet's shares. Their GO share price targets range from $20.00 to $39.00. On average, they predict the company's share price to reach $31.44 in the next twelve months. This suggests a possible upside of 16.6% 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 stock has increased by 0.0% and is now trading at $26.97.
View the best growth stocks for 2024 here
.

Are investors shorting Grocery Outlet?

Grocery Outlet saw a increase in short interest in March. As of March 31st, there was short interest totaling 7,020,000 shares, an increase of 9.2% from the March 15th total of 6,430,000 shares. Based on an average trading volume of 1,250,000 shares, the days-to-cover ratio is presently 5.6 days. Approximately 7.4% of the shares of the stock are short sold.
View Grocery Outlet's Short Interest
.

When is Grocery Outlet's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our GO earnings forecast
.

How were Grocery Outlet's earnings last quarter?

Grocery Outlet Holding Corp. (NASDAQ:GO) released its quarterly earnings results on Tuesday, February, 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.02. The business earned $989.82 million during the quarter, compared to analysts' expectations of $982.44 million. Grocery Outlet had a trailing twelve-month return on equity of 7.17% and a net margin of 2.00%.

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

Grocery Outlet issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of 1.140-1.200 for the period, compared to the consensus estimate of 1.140. 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 $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.

Who are Grocery Outlet's major shareholders?

Grocery Outlet's stock is owned by a variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.16%), Red Spruce Capital LLC (0.09%), State of Michigan Retirement System (0.02%), Norden Group LLC (0.02%) and Allspring Global Investments Holdings LLC (0.00%). 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, 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 4/21/2024 by MarketBeat.com Staff

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