Grocery Outlet Stock Forecast, Price & News

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

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.

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.
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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.
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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.

Some companies that are related to Grocery Outlet include Empire (EMP.A), Albertsons Companies (ACI), Dairy Farm International (DFIHY), J Sainsbury (SBRY), Wm Morrison Supermarkets (MRW), Sprouts Farmers Market (SFM), Greggs (GRG), The North West (NWC), Weis Markets (WMK), Arko (ARKO), Ingles Markets (IMKTA), Village Super Market (VLGEA), Natural Grocers by Vitamin Cottage (NGVC), Dairy Farm International (DFIB) and iFresh (IFMK).
View all of GO's competitors.

(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.

Grocery Outlet trades on the NASDAQ under the ticker symbol "GO."

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.

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.

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.

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.
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One share of GO stock can currently be purchased for approximately $34.49.

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.

Grocery Outlet employs 774 workers across the globe.

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

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

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]