NASDAQ:GO

Grocery Outlet Stock Forecast, Price & News

$34.49
+0.38 (+1.11 %)
(As of 06/14/2021 12:00 AM ET)
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Today's Range
$33.85
$34.51
50-Day Range
$33.03
$42.24
52-Week Range
$32.07
$48.87
Volume601,616 shs
Average Volume694,391 shs
Market Capitalization$3.30 billion
P/E Ratio30.25
Dividend YieldN/A
Beta-0.35
30 days | 90 days | 365 days | Advanced Chart
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Grocery Outlet logo

About Grocery Outlet

Grocery Outlet Holding Corp. owns and operates 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. As of January 2, 2021, it had 380 stores in California, Washington, Oregon, Pennsylvania, Idaho, and Nevada. The company was founded in 1946 and is headquartered in Emeryville, California.

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Industry, Sector and Symbol

Sales & Book Value

Profitability

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Price-To-Earnings

Miscellaneous


MarketRank

Overall MarketRank

1.57 out of 5 stars

Consumer Staples Sector

78th out of 311 stocks

Grocery Stores Industry

5th out of 30 stocks

Analyst Opinion: 3.3Community Rank: 0.4Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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Grocery Outlet (NASDAQ:GO) Frequently Asked Questions

Is Grocery Outlet a buy right now?

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last year. There are currently 5 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Grocery Outlet stock.
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 "Buy" 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 Monday, August 9th 2021.
View our earnings forecast for Grocery Outlet
.

How were Grocery Outlet's earnings last quarter?

Grocery Outlet Holding Corp. (NASDAQ:GO) announced its quarterly earnings results on Monday, May, 10th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm earned $752.50 million during the quarter, compared to the consensus estimate of $757.15 million. Grocery Outlet had a trailing twelve-month return on equity of 15.49% and a net margin of 3.61%. Grocery Outlet's quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the company posted $0.36 earnings per share.
View Grocery Outlet's earnings history
.

How has Grocery Outlet's stock price been impacted by COVID-19?

Grocery Outlet's stock was trading at $32.52 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, GO shares have increased by 6.1% and is now trading at $34.49.
View which stocks have been most impacted by COVID-19
.

What price target have analysts set for GO?

13 brokerages have issued twelve-month price objectives for Grocery Outlet's stock. Their forecasts range from $32.00 to $53.00. On average, they anticipate Grocery Outlet's share price to reach $43.58 in the next twelve months. This suggests a possible upside of 26.4% 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:
  • Mr. Eric J. Lindberg Jr., CEO & Director (Age 50, Pay $2.36M)
  • Mr. Robert Joseph Sheedy Jr., Pres (Age 46, Pay $1.5M)
  • Mr. Charles C. Bracher, Exec. VP & CFO (Age 48, Pay $1.23M)
  • Ms. Pamela B. Burke, Exec. VP, Chief Admin. Officer, Gen. Counsel & Sec. (Age 53, Pay $1.04M)
  • Ms. Heather L. Mayo, Exec. VP, Chief Sales & Merchandising Officer of East (Age 57, Pay $975.98k)
  • Mr. Harrison Lewis, Sr. VP & Chief Information Officer
  • Ms. Layla Kasha, Sr. VP & Chief Marketing Officer
  • Ms. Andrea R. Bortner, Exec. VP & Chief HR Officer (Age 59)
  • Mr. Jeff Oki, Sr. VP of New Markets
  • Mr. Thomas H. McMahon, Exec. VP, Chief Sales & Merchandising Officer of West (Age 59)

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.

Who are some of Grocery Outlet's key competitors?

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 a variety of institutional and retail investors. Top institutional shareholders include Jackson Square Partners LLC (10.08%), Sands Capital Management LLC (8.85%), BlackRock Inc. (7.76%), Parnassus Investments CA (5.45%), Kayne Anderson Rudnick Investment Management LLC (5.42%) and Neuberger Berman Group LLC (3.79%). Company insiders that own Grocery Outlet stock include Brian Mcandrews, Charles Bracher, Corporate Investors Vii L H&F, Eric J Jr Lindberg, Heather L Mayo, Jeffrey York, Lindsay E Gray, Norman S Matthews, Pamela B Burke, Robert Joseph Jr Sheedy, S Macgregor Jr Read, Steven K Wilson, 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 Alliancebernstein L.P., Kayne Anderson Rudnick Investment Management LLC, Sands Capital Management LLC, Renaissance Technologies LLC, Redwood Investments LLC, Cibc World Markets Corp, Victory Capital Management Inc., and PDT Partners LLC. 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 acquired by a variety of institutional investors in the last quarter, including Parnassus Investments CA, Oak Ridge Investments LLC, Jackson Square Partners LLC, Franklin Resources Inc., Neuberger Berman Group LLC, Millennium Management LLC, BlackRock Inc., and JPMorgan Chase & Co.. Company insiders that have bought Grocery Outlet stock in the last two years include Charles Bracher, Eric J Jr Lindberg, Jeffrey York, Robert Joseph Jr Sheedy, and Steven K Wilson.
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 $34.49.

How much money does Grocery Outlet make?

Grocery Outlet has a market capitalization of $3.30 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 774 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 6/15/2021 by MarketBeat.com Staff
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