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

$35.43
-0.62 (-1.72 %)
(As of 01/26/2020 04:00 PM ET)
Today's Range
$35.16
Now: $35.43
$36.36
50-Day Range
$30.72
MA: $32.76
$36.05
52-Week Range
$27.75
Now: $35.43
$47.57
Volume491,163 shs
Average Volume481,313 shs
Market Capitalization$3.15 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$3.15 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) released its quarterly earnings results on Monday, November, 11th. The company reported $0.22 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.19 by $0.03. The firm had revenue of $652.50 million for the quarter, compared to analysts' expectations of $652.60 million. The business's revenue for the quarter was up 13.1% compared to the same quarter last year. 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 updated its FY 2019 After-Hours earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of $0.73-0.74 for the period, compared to the Thomson Reuters consensus EPS 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 analysts have issued twelve-month price targets for Grocery Outlet's stock. Their forecasts range from $30.00 to $51.00. On average, they expect Grocery Outlet's share price to reach $40.13 in the next twelve months. This suggests a possible upside of 13.3% 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?

Headlines about GO stock have trended extremely negative on Sunday, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public 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 -4.5 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact 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), NVIDIA (NVDA), Home Depot (HD), Cisco Systems (CSCO), CVS Health (CVS), Procter & Gamble (PG), Verizon Communications (VZ), Amgen (AMGN), Honeywell International (HON) 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 served as the underwriters for the IPO and Telsey Advisory Group, Drexel Hamilton and Penserra Securities were co-managers.

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

Grocery Outlet's lock-up period expired 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 are now eligible to be traded as a result of the end of the lock-up period.

Who are Grocery Outlet's major shareholders?

Grocery Outlet's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include LGT Capital Partners LTD. (0.11%), Summit Creek Advisors LLC (0.10%), Columbus Circle Investors (0.03%), Patten Group Inc. (0.02%), Squar Milner Financial Services LLC (0.00%) and Zurcher Kantonalbank Zurich Cantonalbank (0.00%). 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, Thomas F Herman and Thomas H Mcmahon. View Institutional Ownership Trends for Grocery Outlet.

Which institutional investors are buying Grocery Outlet stock?

GO stock was acquired by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, LGT Capital Partners LTD., Patten Group Inc., Columbus Circle Investors, Squar Milner Financial Services LLC and Zurcher Kantonalbank Zurich Cantonalbank . 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 $35.43.

How big of a company is Grocery Outlet?

Grocery Outlet has a market capitalization of $3.15 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:  2.5 out of 5 (star star half star)
Outperform Votes:  47 (Vote Outperform)
Underperform Votes:  47 (Vote Underperform)
Total Votes:  94
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 1/26/2020 by MarketBeat.com Staff

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