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

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

Grocery Outlet Holding Corp. (NYSE:GO) announced its quarterly earnings results on Monday, November, 11th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.19 by $0.03. The firm earned $652.50 million during the quarter, compared to analyst estimates of $652.60 million. The business's quarterly revenue was up 13.1% compared to the same quarter last year. View Grocery Outlet's Earnings History.

Grocery Outlet is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Grocery Outlet.

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 estimate of $0.72. The company issued revenue guidance of $$2.55 billion, compared to the consensus revenue estimate of $$2.55 billion.

9 equities research analysts have issued 1-year target prices for Grocery Outlet's shares. Their forecasts range from $30.00 to $51.00. On average, they anticipate Grocery Outlet's share price to reach $40.13 in the next year. This suggests a possible upside of 16.5% from the stock's current price. View Analyst Price Targets 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.

News stories about GO stock have trended positive recently, according to InfoTrie Sentiment Analysis. InfoTrie scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of -5 to 5, with scores closest to five being the most favorable. Grocery Outlet earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View News Stories for Grocery Outlet.

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

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).

(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 served as the underwriters for the IPO and Telsey Advisory Group, Drexel Hamilton and Penserra Securities were co-managers.

Grocery Outlet's lock-up period expired on Tuesday, December 17th. Grocery Outlet had issued 17,187,500 shares in its IPO 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.

Grocery Outlet's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include LGT Capital Partners LTD. (0.11%), Summit Creek Advisors LLC (0.10%) and Patten Group Inc. (0.02%). 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 and Thomas H Mcmahon. View Institutional Ownership Trends for Grocery Outlet.

GO stock was acquired by a variety of institutional investors in the last quarter, including Summit Creek Advisors LLC, LGT Capital Partners LTD. and Patten Group Inc.. 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.

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 $34.44.

Grocery Outlet has a market capitalization of $3.06 billion. Grocery Outlet employs 679 workers across the globe.View Additional Information About Grocery Outlet.

The official website for Grocery Outlet is http://www.groceryoutlet.com/.

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