Grocery Outlet Stock Forecast, Price & News

Grocery Outlet's stock was trading at $32.52 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GO stock has increased by 35.4% and is now trading at $44.02.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Grocery Outlet is scheduled to release its next quarterly earnings announcement on Monday, November 9th 2020.
View our earnings forecast for Grocery Outlet.

Grocery Outlet Holding Corp. (NYSE:GO) released its quarterly earnings results on Monday, August, 10th. The company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.23 by $0.19. The firm earned $803.43 million during the quarter, compared to the consensus estimate of $780.56 million. The company's quarterly revenue was up 24.5% on a year-over-year basis. During the same quarter last year, the company earned $0.20 EPS.
View Grocery Outlet's earnings history.

11 brokerages have issued twelve-month price objectives for Grocery Outlet's shares. Their forecasts range from $40.00 to $53.00. On average, they expect Grocery Outlet's stock price to reach $46.73 in the next year. This suggests a possible upside of 6.2% from the stock's current price.
View analysts' price targets for Grocery Outlet.

Some companies that are related to Grocery Outlet include Metro Inc. (MRU.TO) (MRU), George Weston Limited (WN.TO) (WN), George Weston (WNGRF), Empire (EMP.A), Albertsons Companies (ACI), Dairy Farm International (DFIHY), J Sainsbury plc (SBRY.L) (SBRY), WM Morrison Supermarkets (MRW), Companhia Brasileira de Distribuição (CBD), Sprouts Farmers Market (SFM), The North West Company Inc. (NWC.TO) (NWC), Greggs plc (GRG.L) (GRG), Weis Markets (WMK), Ingles Markets (IMKTA) and Village Super Market (VLGEA).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Grocery Outlet investors own include Alibaba Group (BABA), CVS Health (CVS), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Honeywell International (HON), Home Depot (HD), Verizon Communications (VZ), The Walt Disney (DIS), The Procter & Gamble (PG) and Raytheon Technologies (RTX).

(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 number of institutional and retail investors. Top institutional shareholders include Summit Creek Advisors LLC (0.44%), Artemis Investment Management LLP (0.28%), Retirement Systems of Alabama (0.25%), Ziegler Capital Management LLC (0.21%), Copper Rock Capital Partners LLC (0.19%) and WINTON GROUP Ltd (0.19%). Company insiders that own Grocery Outlet stock include Brian Mcandrews, 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 sold by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Deane Retirement Strategies Inc., and Financial Management Professionals Inc.. Company insiders that have sold Grocery Outlet company stock in the last year include Brian Mcandrews, Charles Bracher, Corporate Investors Vii L H&F, Eric J Jr Lindberg, Jeffrey York, Lindsay E Gray, Pamela B Burke, Robert Joseph Jr Sheedy, S Macgregor Jr Read, Steven K Wilson, Thomas F Herman, and Thomas H Mcmahon.
View insider buying and selling activity for Grocery Outlet.

GO stock was purchased by a variety of institutional investors in the last quarter, including Ziegler Capital Management LLC, DDD Partners LLC, Retirement Systems of Alabama, WINTON GROUP Ltd, Pacer Advisors Inc., New Mexico Educational Retirement Board, Envestnet Asset Management Inc., and Stratos Wealth Partners LTD.. 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 $44.02.

Grocery Outlet has a market capitalization of $4.03 billion. Grocery Outlet employs 682 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.