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 (WHO). Since then, GO shares have increased by 28.0% and is now trading at $41.61. 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) announced its quarterly earnings data on Monday, May, 11th. The company reported $0.36 EPS for the quarter, topping the Zacks' consensus estimate of $0.32 by $0.04. The firm earned $760.30 million during the quarter, compared to analyst estimates of $748.13 million. Grocery Outlet's quarterly revenue was up 25.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. View Grocery Outlet's earnings history.

Grocery Outlet issued an update on its first quarter 2020 After-Hours earnings guidance on Monday, April, 20th. The company provided earnings per share 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 brokers have issued 1-year target prices for Grocery Outlet's stock. Their forecasts range from $37.00 to $51.00. On average, they anticipate Grocery Outlet's share price to reach $42.50 in the next year. This suggests a possible upside of 2.1% from the stock's current price. View analysts' price targets for Grocery Outlet.

Headlines about GO stock have trended very negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing 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 daily sentiment score of -3.2 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about Grocery Outlet.

Some companies that are related to Grocery Outlet include George Weston (WN), Ocado Group (OCDO), Metro (MRU), George Weston (WNGRF), Alimentation Couche-Tard (ATD.A), Empire (EMP.A), WM Morrison Supermarkets (MRW), J Sainsbury (SBRY), Companhia Brasileira de Distribuicao (CBD), Sprouts Farmers Market (SFM), Greggs (GRG), North West (NWC), Weis Markets (WMK), Ingles Markets (IMKTA) and Village Super Market (VLGEA). 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 (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 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."

Grocery Outlet's stock is owned by a variety of institutional and retail investors. Top institutional investors include Deane Retirement Strategies Inc. (0.07%) and Paragon Advisors LLC (0.02%). Company insiders that own Grocery Outlet stock include Charles Bracher, Corporate Investors Vii L H&F, Eric J Jr Lindberg, 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 purchased by a variety of institutional investors in the last quarter, including Deane Retirement Strategies Inc., and Paragon Advisors LLC. 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.

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 $41.61.

Grocery Outlet has a market capitalization of $3.78 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.