NYSE:GOGrocery Outlet Stock Price, Forecast & News

Grocery Outlet's stock was trading at $32.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GO shares have increased by 13.2% and is now trading at $36.81. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last year. There are currently 5 hold ratings and 6 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) posted its quarterly earnings data on Monday, May, 11th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.32 by $0.04. The company had revenue of $760.30 million for the quarter, compared to the consensus estimate 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 prior year, the company 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 earnings per share (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.

11 analysts have issued 12 month price targets 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 $43.00 in the next year. This suggests a possible upside of 16.8% from the stock's current price. View analysts' price targets for Grocery Outlet.

News stories about GO stock have trended very negative on Saturday, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Grocery Outlet earned a media sentiment score of -3.7 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the immediate future. View the latest news aboutGrocery Outlet.

Some companies that are related to Grocery Outlet include 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), Weis Markets (WMK), North West (NWC), Ingles Markets (IMKTA), Village Super Market (VLGEA), Natural Grocers by Vitamin Cottage (NGVC), Huon Aquaculture Group (HUO), Dairy Farm International Holdings Ld (DFIB) and iFresh (IFMK). 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."

Grocery Outlet's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Alliancebernstein L.P. (4.35%), Capital Research Global Investors (3.42%), Capital International Investors (3.40%), BlackRock Inc. (2.41%), JPMorgan Chase & Co. (1.47%) and Wasatch Advisors Inc. (1.37%). 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 sold by a variety of institutional investors in the last quarter, including Wasatch Advisors Inc., Alyeska Investment Group L.P., LGT Capital Partners LTD., Los Angeles Capital Management & Equity Research Inc., Columbus Circle Investors, Pentwater Capital Management LP, Citigroup Inc., and Fuller & Thaler Asset Management Inc.. Company insiders that have sold Grocery Outlet company stock in the last year 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 insider buying and selling activity for Grocery Outlet.

GO stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, Capital World Investors, Ranger Investment Management L.P., BlackRock Inc., Capital Research Global Investors, Copper Rock Capital Partners LLC, Russell Investments Group Ltd., and Bank of New York Mellon Corp. 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 $36.81.

Grocery Outlet has a market capitalization of $3.35 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.