NASDAQ:GO Grocery Outlet (GO) Stock Forecast, Price & News $28.80 +0.39 (+1.37%) (As of 04:00 PM ET) Add Compare Share Share Today's Range$28.19▼$28.9450-Day Range$28.41▼$34.6852-Week Range$25.71▼$36.54Volume851,655 shsAverage Volume989,311 shsMarket Capitalization$2.84 billionP/E Ratio40.56Dividend YieldN/APrice Target$35.11 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media Grocery Outlet MarketRank™ ForecastAnalyst RatingHold2.20 Rating ScoreUpside/Downside21.6% Upside$35.11 Price TargetShort InterestBearish8.10% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.53Based on 9 Articles This WeekInsider TradingSelling Shares$12.41 M Sold Last QuarterProj. Earnings Growth14.29%From $0.84 to $0.96 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.2.04 out of 5 starsConsumer Staples Sector88th out of 125 stocksGrocery Stores Industry6th out of 10 stocks 3.1 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 $35.11, Grocery Outlet has a forecasted upside of 21.6% from its current price of $28.87.Amount of Analyst CoverageGrocery Outlet has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted8.10% 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 7.3.Change versus previous monthShort interest in Grocery Outlet has recently decreased by 0.14%, indicating that investor sentiment is improving. 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 2.5 News and Social Media Coverage News SentimentGrocery Outlet has a news sentiment score of 0.53. 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 news sentiment score is similar to the average news sentiment of Consumer Staples companies.News Coverage This WeekMarketBeat has tracked 9 news articles for Grocery Outlet this week, compared to 4 articles on an average week.Search InterestOnly 4 people have searched for GO on MarketBeat in the last 30 days. This is a decrease of -43% compared to the previous 30 days.MarketBeat Follows4 people have added Grocery Outlet to their MarketBeat watchlist in the last 30 days. This is an increase of 33% 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 $12,405,776.00 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 14.29% in the coming year, from $0.84 to $0.96 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Grocery Outlet is 40.66, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 121.54.Price to Earnings Ratio vs. SectorThe P/E ratio of Grocery Outlet is 40.66, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 18.24.Price to Earnings Growth RatioGrocery Outlet has a PEG Ratio of 2.87. 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 2.53. 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 (NASDAQ:GO) StockGrocery 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 Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart GO Stock News HeadlinesSeptember 21, 2023 | finance.yahoo.comKroger (KR) to Enhance Store Shelf Space for Local ProductsSeptember 21, 2023 | americanbankingnews.comGrocery Outlet Holding Corp. (NASDAQ:GO) Given Average Recommendation of "Hold" by AnalystsSeptember 22, 2023 | Stansberry Research (Ad)A 73-Year-Old Market Signal With 95% Accuracy Just FlashedThis signal has flashed just 24 times in the past 73 years – and it has signaled the exact moment to move your money with 95% accuracy. Now, it's flashing again. Discover where here.September 20, 2023 | finance.yahoo.comGrocery Outlet Holding Corp. (GO) Loses -10.87% in 4 Weeks, Here's Why a Trend Reversal May be Around the CornerSeptember 17, 2023 | americanbankingnews.comGrocery Outlet (NASDAQ:GO) Rating Reiterated by Telsey Advisory GroupSeptember 15, 2023 | msn.comThe Future Is Bright For Grocery Outlet: Analyst On Square Footage Growth And Digital Marketing As Key To Market Share GainsSeptember 14, 2023 | msn.comGrocery Outlet Opening In Palm DesertSeptember 12, 2023 | finance.yahoo.comCasey's (CASY) Q1 Earnings Beat Estimates, Revenues Down Y/YSeptember 22, 2023 | Stansberry Research (Ad)A 73-Year-Old Market Signal With 95% Accuracy Just FlashedThis signal has flashed just 24 times in the past 73 years – and it has signaled the exact moment to move your money with 95% accuracy. Now, it's flashing again. Discover where here.September 12, 2023 | finance.yahoo.comEnergizer (ENR) Exhibits Bright Prospects Despite HeadwindsSeptember 12, 2023 | finance.yahoo.comHere's Why You Should Give Service Corporation (SCI) a MissSeptember 5, 2023 | msn.comGrocery Outlet Bargain Market will open discount grocer in CatonsvilleSeptember 4, 2023 | finance.yahoo.comDown -8.14% in 4 Weeks, Here's Why You Should You Buy the Dip in Grocery Outlet Holding Corp. (GO)September 4, 2023 | finance.yahoo.comCasey's (CASY) Rides on Its Business Model & DigitizationSeptember 4, 2023 | msn.comCan anyone tell me if it is against the law not to have a bathroom available for customer use in a retail grocery store?September 3, 2023 | msn.comGrocery Outlet fined $392K for selling sterilizing products not registered with EPAAugust 24, 2023 | finance.yahoo.comGO or RH: Which Is the Better Value Stock Right Now?August 22, 2023 | finance.yahoo.comZacks Industry Outlook Highlights Kimberly-Clark, Albertsons Companies, Ollie's Bargain Outlet and Grocery Outlet HoldingAugust 21, 2023 | msn.comMorgan Stanley Maintains Grocery Outlet Holding (GO) Underweight RecommendationAugust 21, 2023 | finance.yahoo.comCasey's (CASY) Stock Displays Decent Run in the Past 6 MonthsAugust 18, 2023 | finance.yahoo.com3 Food Stocks to Hedge Against a Market DownturnAugust 18, 2023 | seekingalpha.comGrocery Outlet Holding: Splendid Q2 And Momentum Into Q3 Support Near-Term Growth OutlookAugust 17, 2023 | finance.yahoo.comGrocery Outlet (GO) Rides on Value Proposition, Customer ReachAugust 16, 2023 | finance.yahoo.comWhy Grocery Outlet Holding Corp. (GO) is a Top Momentum Stock for the Long-TermAugust 14, 2023 | msn.comRoth MKM Maintains Grocery Outlet Holding (GO) Neutral RecommendationAugust 9, 2023 | theglobeandmail.comWhy Is Grocery Outlet (GO) Stock Soaring TodayAugust 9, 2023 | finance.yahoo.comGrocery Outlet (GO) Q2 Earnings Beat, FY23 Outlook RaisedSee 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 GO Company Calendar Last Earnings8/08/2023Today9/22/2023Next Earnings (Estimated)11/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Grocery stores Sub-IndustryN/A SectorConsumer Staples Current SymbolNASDAQ:GO CUSIPN/A CIK1771515 Webwww.groceryoutlet.com Phone(510) 845-1999FaxN/AEmployees864Year FoundedN/APrice Target and Rating Average Stock Price Forecast$35.11 High Stock Price Forecast$40.00 Low Stock Price Forecast$27.00 Forecasted Upside/Downside+23.6%Consensus RatingHold Rating Score (0-4)2.20 Research Coverage10 Analysts Profitability EPS (Most Recent Fiscal Year)$0.71 Trailing P/E Ratio40.01 Forward P/E Ratio33.82 P/E Growth2.78Net Income$65.05 million Net Margins1.87% Pretax Margin2.39% Return on Equity7.28% Return on Assets2.94% Debt Debt-to-Equity Ratio0.25 Current Ratio1.37 Quick Ratio0.37 Sales & Book Value Annual Sales$3.58 billion Price / Sales0.78 Cash Flow$1.59 per share Price / Cash Flow17.84 Book Value$11.41 per share Price / Book2.49Miscellaneous Outstanding Shares98,780,000Free Float92,653,000Market Cap$2.81 billion OptionableOptionable Beta0.05 10 Best Cheap Stocks to Buy NowMarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.Get This Free Report Key ExecutivesMr. Robert Joseph Sheedy Jr. (Age 48)Pres, CEO & Director Comp: $1.32MMr. Charles C. Bracher (Age 50)Exec. VP & CFO Comp: $1.1MMs. Pamela B. Burke (Age 55)Chief Stores Officer & Exec. VP Comp: $918.61kMr. Steven K. Wilson (Age 59)Exec. VP & Chief Purchasing Officer Comp: $746.29kMs. Lindsay E. GraySr. VP of AccountingMr. Harrison LewisSr. VP & Chief Information OfficerMr. Arvind BhatiaVP of Investor RelationsMr. Luke D. Thompson (Age 51)Sr. VP, Gen. Counsel & Corp. Sec. Jon DeckerSr. VP of Stores, Sales & MerchandisingMs. Andrea R. Bortner (Age 61)Exec. VP & Chief HR Officer More ExecutivesKey CompetitorsArkoNASDAQ:ARKOWD-40NASDAQ:WDFCHelen of TroyNASDAQ:HELENomad FoodsNYSE:NOMDTreeHouse FoodsNYSE:THSView All CompetitorsInsiders & InstitutionsThomas F HermanSold 2,000 sharesTotal: $60,140.00 ($30.07/share)Portside Wealth Group LLCBought 9,423 shares on 9/1/2023Ownership: 0.010%California State Teachers Retirement SystemSold 696 shares on 8/21/2023Ownership: 0.115%Teachers Retirement System of The State of KentuckyBought 1,451 shares on 8/21/2023Ownership: 0.015%Osaic Holdings Inc.Bought 427 shares on 8/21/2023Ownership: 0.008%View All Insider TransactionsView All Institutional Transactions GO Stock - 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 forecast for 2023? 10 equities research analysts have issued 1 year price objectives for Grocery Outlet's shares. Their GO share price forecasts range from $27.00 to $40.00. On average, they predict the company's share price to reach $35.11 in the next twelve months. This suggests a possible upside of 23.6% 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 2023? Grocery Outlet's stock was trading at $29.19 at the beginning of 2023. Since then, GO stock has decreased by 2.7% and is now trading at $28.41. View the best growth stocks for 2023 here. When is Grocery Outlet's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023. View our GO earnings forecast. How were Grocery Outlet's earnings last quarter? Grocery Outlet Holding Corp. (NASDAQ:GO) announced its earnings results on Tuesday, August, 8th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.21 by $0.02. The firm earned $1.01 billion during the quarter, compared to the consensus estimate of $974.89 million. Grocery Outlet had a trailing twelve-month return on equity of 7.28% and a net margin of 1.87%. 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 issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided EPS guidance of $1.04-$1.08 for the period, compared to the consensus earnings per share estimate of $1.01. The company issued revenue guidance of $3.95 billion-$3.95 billion, compared to the consensus revenue estimate of $3.91 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? (GO) raised $275 million in an initial public offering (IPO) on Thursday, June 20th 2019. The company issued 17,200,000 shares at a price of $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 number of retail and institutional investors. Top institutional shareholders include Capital Research Global Investors (9.58%), BlackRock Inc. (8.94%), Jackson Square Partners LLC (5.74%), Alliancebernstein L.P. (5.68%), Mackenzie Financial Corp (4.82%) and Parnassus Investments LLC (4.56%). 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, Thomas F Herman and Thomas H Mcmahon. 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. What is Grocery Outlet's stock price today? One share of GO stock can currently be purchased for approximately $28.41. How much money does Grocery Outlet make? Grocery Outlet (NASDAQ:GO) has a market capitalization of $2.81 billion and generates $3.58 billion in revenue each year. The company earns $65.05 million in net income (profit) each year or $0.71 on an earnings per share basis. How many employees does Grocery Outlet have? The company employs 864 workers across the globe. How can I contact Grocery Outlet? Grocery Outlet's mailing address is 5650 HOLLIS STREET, EMERYVILLE CA, 94608. The official website for the company is www.groceryoutlet.com. The company can be reached via phone at (510) 845-1999 or via email at investor.relations@groceryoutlet.com. 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