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NYSE:GO - Grocery Outlet Stock Price, Forecast & News

$32.45
+0.97 (+3.08 %)
(As of 12/8/2019 03:56 AM ET)
Today's Range
$31.41
Now: $32.45
$32.68
50-Day Range
$30.47
MA: $31.91
$33.75
52-Week Range
$27.75
Now: $32.45
$47.57
Volume824,045 shs
Average Volume747,447 shs
Market Capitalization$2.88 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A
Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as grocery, dairy and deli, produce, refrigerated and frozen, floral, beer and wine, general merchandise, and health and beauty care, as well as fresh meat and seafood; and natural, organic, specialty, and healthy products. As of December 29, 2018, it had 316 stores, which included 308 independent operated stores, as well as 8 company operated stores in 5 western states and in Pennsylvania. The company was founded in 1946 and is headquartered in Emeryville, California.

Industry, Sector and Symbol

Industry Grocery Stores
Sub-IndustryN/A
SectorConsumer Defensive
CUSIPN/A
CIKN/A
Phone510-845-1999

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees679
Market Cap$2.88 billion
Next Earnings Date2/10/2020 (Estimated)
OptionableNot Optionable

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Grocery Outlet (NYSE:GO) Frequently Asked Questions

What is Grocery Outlet's stock symbol?

Grocery Outlet trades on the New York Stock Exchange (NYSE) under the ticker symbol "GO."

How were Grocery Outlet's earnings last quarter?

Grocery Outlet Holding Corp. (NYSE:GO) announced its earnings results on Monday, November, 11th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.19 by $0.03. The business had revenue of $652.50 million for the quarter, compared to analyst estimates of $652.60 million. The firm's revenue for the quarter was up 13.1% on a year-over-year basis. View Grocery Outlet's Earnings History.

When is Grocery Outlet's next earnings date?

Grocery Outlet is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Grocery Outlet.

What guidance has Grocery Outlet issued on next quarter's earnings?

Grocery Outlet issued an update on its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided EPS guidance of $0.73-0.74 for the period, compared to the Thomson Reuters consensus estimate of $0.72. The company issued revenue guidance of $$2.55 billion, compared to the consensus revenue estimate of $$2.55 billion.

What price target have analysts set for GO?

9 brokerages have issued twelve-month target prices for Grocery Outlet's shares. Their forecasts range from $30.00 to $51.00. On average, they expect Grocery Outlet's stock price to reach $40.13 in the next twelve months. This suggests a possible upside of 23.7% from the stock's current price. View Analyst Price Targets for Grocery Outlet.

What is the consensus analysts' recommendation for Grocery Outlet?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last year. There are currently 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Grocery Outlet.

Has Grocery Outlet been receiving favorable news coverage?

Media coverage about GO stock has trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Grocery Outlet earned a media sentiment score of 2.0 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Grocery Outlet.

Who are some of Grocery Outlet's key competitors?

What other stocks do shareholders of Grocery Outlet own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Grocery Outlet investors own include Alibaba Group (BABA), Home Depot (HD), NVIDIA (NVDA), CVS Health (CVS), Honeywell International (HON), Verizon Communications (VZ), Amgen (AMGN), Broadcom (AVGO), Cisco Systems (CSCO) and Johnson & Johnson (JNJ).

Who are Grocery Outlet's key executives?

Grocery Outlet's management team includes the folowing people:
  • Mr. Steven Read, Exec. Chairman
  • Mr. S. MacGregor Read Jr., Co-Chief Exec. Officer (Age 48)
  • Mr. Eric J. Lindberg Jr., Co-Chief Exec. Officer (Age 48)
  • Mr. Charles C. Bracher, Chief Financial Officer (Age 46)
  • Mr. Jeff Oki, Chief Information Officer and VP of Construction

When did Grocery Outlet IPO?

(GO) raised $275 million in an 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 acted as the underwriters for the IPO and Telsey Advisory Group, Drexel Hamilton and Penserra Securities were co-managers.

When does the company's lock-up period expire?

Grocery Outlet's lock-up period expires on Tuesday, December 17th. Grocery Outlet had issued 17,187,500 shares in its initial public offering on June 20th. The total size of the offering was $378,125,000 based on an initial share price of $22.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Who are Grocery Outlet's major shareholders?

Grocery Outlet's stock is owned by a number of of retail and institutional investors. Top institutional investors include Massachusetts Financial Services Co. MA (0.58%), Voya Investment Management LLC (0.29%), State Street Corp (0.19%), Castleark Management LLC (0.11%), LGT Capital Partners LTD. (0.07%) and Public Employees Retirement System of Ohio (0.07%). Company insiders that own Grocery Outlet stock include Charles Bracher, Corporate Investors Vii L H&F, Eric J Jr Lindberg, Jeffrey York, Norman S Matthews, Pamela B Burke, Robert Joseph Jr Sheedy, S Macgregor Jr Read, Steven K Wilson 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 Millennium Management LLC and Massachusetts Financial Services Co. MA. Company insiders that have sold Grocery Outlet company stock in the last year include Corporate Investors Vii L H&F, Eric J Jr Lindberg, Norman S Matthews, Pamela B Burke, S Macgregor Jr Read and Thomas H Mcmahon. View Insider Buying and Selling for Grocery Outlet.

Which major investors are buying Grocery Outlet stock?

GO stock was bought by a variety of institutional investors in the last quarter, including Voya Investment Management LLC, State Street Corp, Castleark Management LLC, LGT Capital Partners LTD., Public Employees Retirement System of Ohio, California Public Employees Retirement System, California State Teachers Retirement System and Barclays PLC. 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 for Grocery Outlet.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

What is Grocery Outlet's stock price today?

One share of GO stock can currently be purchased for approximately $32.45.

How big of a company is Grocery Outlet?

Grocery Outlet has a market capitalization of $2.88 billion. Grocery Outlet employs 679 workers across the globe.View Additional Information About Grocery Outlet.

What is Grocery Outlet's official website?

The official website for Grocery Outlet is http://www.groceryoutlet.com/.

How can I contact Grocery Outlet?

The company can be reached via phone at 510-845-1999.


MarketBeat Community Rating for Grocery Outlet (NYSE GO)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  38 (Vote Outperform)
Underperform Votes:  40 (Vote Underperform)
Total Votes:  78
MarketBeat's community ratings are surveys of what our community members think about Grocery Outlet and other stocks. Vote "Outperform" if you believe GO will outperform the S&P 500 over the long term. Vote "Underperform" if you believe GO will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/8/2019 by MarketBeat.com Staff

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