Grocery Outlet Stock Price, News & Analysis (NASDAQ:GO) $29.25 -0.29 (-0.98%) (As of 12/8/2023 ET) Add Compare Share Share Today's Range$29.10▼$29.7650-Day Range$26.34▼$29.6952-Week Range$25.71▼$36.54Volume496,881 shsAverage Volume885,940 shsMarket Capitalization$2.90 billionP/E Ratio36.11Dividend YieldN/APrice Target$33.38 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaStock AnalysisAnalyst ForecastsChartCompetitorsEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial Media Grocery Outlet MarketRank™ Stock AnalysisAnalyst RatingHold2.20 Rating ScoreUpside/Downside14.1% Upside$33.38 Price TargetShort InterestHealthy7.15% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.86Based on 5 Articles This WeekInsider TradingSelling Shares$175,000 Sold Last QuarterProj. Earnings Growth9.76%From $0.82 to $0.90 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.84 out of 5 starsConsumer Staples Sector98th out of 130 stocksGrocery Stores Industry7th out of 10 stocks 2.1 Analyst's Opinion Consensus RatingGrocery Outlet has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 3 buy ratings, 6 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $33.38, Grocery Outlet has a forecasted upside of 14.1% from its current price of $29.25.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 Shorted7.15% 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 6.7.Change versus previous monthShort interest in Grocery Outlet has recently decreased by 10.32%, 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 N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for GO. Previous Next 2.7 News and Social Media Coverage News SentimentGrocery Outlet has a news sentiment score of 0.86. 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 higher news sentiment than the 0.53 average news sentiment score of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 5 news articles for Grocery Outlet this week, compared to 4 articles on an average week.Search InterestOnly 1 people have searched for GO on MarketBeat in the last 30 days. This is a decrease of -50% compared to the previous 30 days.MarketBeat FollowsOnly 1 people have added Grocery Outlet to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 0.8 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 $175,000.00 in company stock.Percentage Held by InsidersOnly 6.20% of the stock of Grocery Outlet is held by insiders. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Grocery Outlet are expected to grow by 9.76% in the coming year, from $0.82 to $0.90 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Grocery Outlet is 36.11, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.33.Price to Earnings Ratio vs. SectorThe P/E ratio of Grocery Outlet is 36.11, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 23.03.Price to Earnings Growth RatioGrocery Outlet has a PEG Ratio of 2.98. 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 2.56. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Grocery Outlet Stock (NASDAQ:GO)Grocery Outlet Holding Corp. engages in ownership and operation of 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. Grocery Outlet Holding Corp. was founded in 1946 and is headquartered in Emeryville, California.Read More GO Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GO Stock News HeadlinesDecember 6, 2023 | finance.yahoo.com6 Outlet Grocery Stores That Will Save You Big Money on FoodDecember 5, 2023 | finance.yahoo.comWhy the internet is losing it over a photo of an ultracheap grocery haulDecember 9, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.December 5, 2023 | americanbankingnews.comGrocery Outlet Holding Corp. (NASDAQ:GO) Given Average Rating of "Hold" by BrokeragesNovember 24, 2023 | msn.comGrocery Outlet plans February opening in HuenemeNovember 17, 2023 | bizjournals.com8 things to know: Grocery chain opens first Carroll County storeNovember 16, 2023 | finance.yahoo.comGrocery Outlet Enters Ninth State with Store Opening in OhioNovember 15, 2023 | finance.yahoo.comWalmart (WMT) Reports Earnings Tomorrow. What To ExpectDecember 9, 2023 | DTI Trader (Ad)All the trading advice you’ve ever received boils down to thisAll the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.November 9, 2023 | bizjournals.com5 things: Grocery Outlet sets opening date for Rancho Cordova store, Riverpoint Marketplace has new ownerNovember 9, 2023 | finance.yahoo.comDoes Grocery Outlet Holding Corp. (GO) Have the Potential to Rally 25.97% as Wall Street Analysts Expect?November 8, 2023 | theglobeandmail.comWhy Grocery Outlet (GO) Shares Are Plunging TodayNovember 8, 2023 | finance.yahoo.comQ3 2023 Grocery Outlet Holding Corp Earnings CallNovember 8, 2023 | finance.yahoo.comGrocery Outlet (GO) Q3 2023 Earnings Call TranscriptNovember 7, 2023 | benzinga.comGrocery Outlet Holding: Q3 Earnings InsightsNovember 7, 2023 | finance.yahoo.comGrocery Outlet Holding Corp. Announces Third Quarter Fiscal 2023 Financial ResultsNovember 7, 2023 | finance.yahoo.comGrocery Outlet (NASDAQ:GO) Misses Q3 Sales Targets, Stock DropsOctober 31, 2023 | seekingalpha.comGrocery Outlet: Low-Risk Growth Through Intriguing StrategyOctober 27, 2023 | msn.comGrocery Outlet aims to offer affordable groceries in Cameron ParkOctober 26, 2023 | finance.yahoo.comKroger (KR) Facilitates EBT Payment for SNAP Online GroceriesOctober 24, 2023 | bizjournals.com5 things: Grocery Outlet opening Cameron Park store, Ukrainian church filling big Citrus Heights buildingOctober 24, 2023 | finance.yahoo.comArcher Daniels (ADM) Q3 Earnings Beat Estimates, Revenues MissOctober 24, 2023 | finance.yahoo.comGrocery Outlet Holding Corp. Announces Third Quarter Fiscal 2023 Earnings Release and Conference Call DateOctober 23, 2023 | finance.yahoo.comGrocery Outlet Holding Corp. Releases Inaugural Environmental, Social and Governance (ESG) ReportOctober 21, 2023 | msn.comCostco veteran employee of over 40 years to become grocer's new CEOOctober 17, 2023 | msn.comGrocery Outlet Bargain Market opening location in New CastleOctober 16, 2023 | finance.yahoo.comGrowth Strategies Propel Grocery Outlet (GO) Toward SuccessSee More Headlines 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 Company Calendar Last Earnings11/07/2023Today12/09/2023Fiscal Year End12/31/2023Next Earnings (Estimated)2/27/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Grocery Stores Sub-IndustryN/A SectorConsumer Defensive Current SymbolNASDAQ:GO CUSIPN/A CIK1771515 Webwww.groceryoutlet.com Phone(510) 845-1999FaxN/AEmployees864Year FoundedN/APrice Target and Rating Average Stock Price Target$33.38 High Stock Price Target$40.00 Low Stock Price Target$20.00 Potential Upside/Downside+14.1%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$0.81 Trailing P/E Ratio36.11 Forward P/E Ratio35.67 P/E Growth2.87Net Income$65.05 million Net Margins2.08% Pretax Margin2.68% Return on Equity7.78% Return on Assets3.17% Debt Debt-to-Equity Ratio0.24 Current Ratio1.34 Quick Ratio0.54 Sales & Book Value Annual Sales$3.91 billion Price / Sales0.74 Cash Flow$1.65 per share Price / Cash Flow17.74 Book Value$11.41 per share Price / Book2.56Miscellaneous Outstanding Shares99,269,000Free Float93,114,000Market Cap$2.90 billion OptionableOptionable Beta0.09 10 "Recession Proof" Stocks That Will Thrive in Any MarketWhich stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.Get This Free Report Key ExecutivesMr. Robert Joseph Sheedy Jr. (Age 48)President, CEO & Director Comp: $1.32MMr. Charles C. Bracher (Age 50)Executive VP & CFO Comp: $1.1MMs. Pamela B. Burke (Age 55)Chief Stores Officer & Executive VP Comp: $918.61kMr. Steven K. Wilson (Age 59)Executive VP & Chief Purchasing Officer Comp: $746.29kMs. Lindsay E. GraySenior Vice President of AccountingMr. Harrison LewisSenior VP & Chief Information OfficerMr. Arvind BhatiaVice President of Investor RelationsMr. Luke D. Thompson (Age 51)Senior VP, General Counsel & Corporate Secretary Jon DeckerSenior Vice President of Stores, Sales & MerchandisingAlejandro Alvarez CorreaChief Marketing OfficerMore ExecutivesKey CompetitorsIngles MarketsNASDAQ:IMKTASprouts Farmers MarketNASDAQ:SFMArkoNASDAQ:ARKONomad FoodsNYSE:NOMDBRFNYSE:BRFSView All CompetitorsInsiders & InstitutionsCitigroup Inc.Sold 16,646 shares on 12/6/2023Ownership: 0.135%American Century Companies Inc.Sold 63,724 shares on 11/30/2023Ownership: 0.602%Graham Capital Management L.P.Bought 65,872 shares on 11/22/2023Ownership: 0.118%Walleye Capital LLCBought 3,700 shares on 11/21/2023Ownership: 0.000%Walleye Trading LLCBought 1,000 shares on 11/21/2023Ownership: 0.000%View All Insider TransactionsView All Institutional Transactions GO Stock Analysis - Frequently Asked Questions Should I buy or sell Grocery Outlet stock right now? 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. What is Grocery Outlet's stock price target for 2024? 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. How have GO shares performed in 2023? 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. Are investors shorting Grocery Outlet? 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. When is Grocery Outlet's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024. View our GO earnings forecast. How were Grocery Outlet's earnings last quarter? 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%. What ETFs hold Grocery Outlet's stock? 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). What guidance has Grocery Outlet issued on next quarter's earnings? 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. 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? (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. Who are Grocery Outlet's major shareholders? 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. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. This page (NASDAQ:GO) was last updated on 12/9/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access 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. Get 30 Days of MarketBeat All Access Free 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. 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