S&P 500   5,130.95
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Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
S&P 500   5,130.95
DOW   38,989.83
QQQ   444.02
5 Under-the-Radar Artificial Intelligence (AI) Stocks
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
How major US stock indexes fared Monday, 3/4/2024
Macy's, United Rentals rise; Apple, Spirit Airlines fall Monday, 3/4/2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
DeSantis names Disney World district administrator to run elections in Democratic Orange County
Stock market today: Asian shares are mixed as China unveils 5% economic growth target for 2024
This is the #1 Stock to Buy for the AI Tidal Wave (Ad)
Ohio foundation begins process to distribute millions in opioid settlement money
Closing prices for crude oil, gold and other commodities
NASDAQ:GO

Grocery Outlet (GO) Stock Price, News & Analysis

$26.16
-0.22 (-0.83%)
(As of 03/4/2024 ET)
Today's Range
$26.07
$26.98
50-Day Range
$23.90
$27.73
52-Week Range
$23.41
$36.54
Volume
1.45 million shs
Average Volume
1.24 million shs
Market Capitalization
$2.60 billion
P/E Ratio
33.11
Dividend Yield
N/A
Price Target
$31.44

Grocery Outlet MarketRank™ Stock Analysis

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
20.2% Upside
$31.44 Price Target
Short Interest
Healthy
7.44% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.61mentions of Grocery Outlet in the last 14 days
Based on 47 Articles This Week
Insider Trading
Selling Shares
$7.96 M Sold Last Quarter
Proj. Earnings Growth
14.44%
From $0.90 to $1.03 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.

1.51 out of 5 stars

Consumer Staples Sector

112th out of 137 stocks

Grocery Stores Industry

8th out of 10 stocks


GO stock logo

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.

GO Stock Price History

GO Stock News Headlines

This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Grocery Outlet (NASDAQ:GO) Price Target Cut to $37.00
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
5 Analysts Assess Grocery Outlet Holding: What You Need To Know
Q4 2023 Grocery Outlet Holding Corp Earnings Call
GO Apr 2024 25.000 put
GO Jul 2024 25.000 put
GO Jul 2024 25.000 call
GO Mar 2024 25.000 call
See More Headlines
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Company Calendar

Last Earnings
11/08/2021
Today
3/05/2024
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
864
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
+20.2%
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
$1.72 per share
Book Value
$12.28 per share

Miscellaneous

Free Float
93,076,000
Market Cap
$2.60 billion
Optionable
Optionable
Beta
0.08
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GO Stock Analysis - Frequently Asked Questions

Should I buy or sell Grocery Outlet stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities 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?

9 equities research analysts have issued 12 month price objectives for Grocery Outlet's stock. Their GO share price targets range from $20.00 to $39.00. On average, they anticipate the company's stock price to reach $31.44 in the next year. This suggests a possible upside of 20.2% 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 start of the year. Since then, GO stock has decreased by 3.0% and is now trading at $26.16.
View the best growth stocks for 2024 here
.

Are investors shorting Grocery Outlet?

Grocery Outlet saw a drop in short interest in February. As of February 15th, there was short interest totaling 6,780,000 shares, a drop of 7.5% from the January 31st total of 7,330,000 shares. Based on an average daily trading volume, of 1,110,000 shares, the days-to-cover ratio is currently 6.1 days. Currently, 7.4% of the shares of the stock 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, 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 data on Monday, November, 8th. The company reported $0.24 EPS for the quarter, topping the consensus estimate of $0.22 by $0.02. The business had revenue of $768.88 million for the quarter, compared to the consensus estimate of $781.21 million. Grocery Outlet had a net margin of 2.00% and a trailing twelve-month return on equity of 7.17%. During the same period last year, the firm posted $0.50 EPS.

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 (EPS) 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?

(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 many different institutional and retail investors. Top institutional shareholders include Capital Research Global Investors (9.41%), Vanguard Group Inc. (9.34%), Mackenzie Financial Corp (4.96%), Jackson Square Partners LLC (4.46%), Clearbridge Investments LLC (2.96%) and Dimensional Fund Advisors LP (2.77%). 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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:GO) was last updated on 3/5/2024 by MarketBeat.com Staff