NYSE:GOGrocery Outlet Stock Price, Forecast & News

Grocery Outlet's stock was trading at $32.52 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GO shares have increased by 29.1% and is now trading at $41.99. View which stocks have been most impacted by Coronavirus.

13 Wall Street 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, resulting in a consensus recommendation of "Buy." View analyst ratings for Grocery Outlet.

Grocery Outlet is scheduled to release its next quarterly earnings announcement on Tuesday, August 11th 2020. View our earnings forecast for Grocery Outlet.

Grocery Outlet Holding Corp. (NYSE:GO) released its earnings results on Monday, May, 11th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.32 by $0.04. The business earned $760.30 million during the quarter, compared to the consensus estimate of $748.13 million. The firm's quarterly revenue was up 25.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.15 EPS. View Grocery Outlet's earnings history.

Grocery Outlet updated its first quarter 2020 After-Hours earnings guidance on Monday, April, 20th. The company provided EPS guidance of for the period. The company issued revenue guidance of $760.308-760.308 million, compared to the consensus revenue estimate of $747.57 million.

13 equities research analysts have issued 12-month price objectives for Grocery Outlet's shares. Their forecasts range from $37.00 to $51.00. On average, they anticipate Grocery Outlet's stock price to reach $42.50 in the next year. This suggests a possible upside of 1.2% from the stock's current price. View analysts' price targets for Grocery Outlet.

Press coverage about GO stock has trended somewhat positive recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Grocery Outlet earned a coverage optimism score of 0.8 on InfoTrie's scale. They also gave news stories about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news about Grocery Outlet.

Some companies that are related to Grocery Outlet include Metro (MRU), George Weston (WNGRF), Alimentation Couche-Tard (ATD.A), Empire (EMP.A), J Sainsbury (SBRY), WM Morrison Supermarkets (MRW), Companhia Brasileira de Distribuicao (CBD), Sprouts Farmers Market (SFM), Greggs (GRG), North West (NWC), Weis Markets (WMK), Ingles Markets (IMKTA), Village Super Market (VLGEA), Natural Grocers by Vitamin Cottage (NGVC) and Huon Aquaculture Group (HUO). View all competitors.

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

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

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

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.

One share of GO stock can currently be purchased for approximately $41.99.

Grocery Outlet has a market capitalization of $3.82 billion. Grocery Outlet employs 679 workers across the globe.

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

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