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NYSE:GOGrocery Outlet Stock Price, Forecast & News

$36.81
+0.64 (+1.77 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$35.62
Now: $36.81
$37.01
50-Day Range
$33.06
MA: $35.73
$38.38
52-Week Range
$27.75
Now: $36.81
$47.57
Volume1.07 million shs
Average Volume1.24 million shs
Market Capitalization$3.35 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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.3Community Rank: 2.4Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.13 out of 5 stars


Industry, Sector and Symbol

Industry Grocery Stores
Sub-IndustryN/A
CUSIPN/A
CIKN/A
Phone510-845-1999

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesN/A

Profitability

Miscellaneous

Employees679
Market Cap$3.35 billion
Next Earnings Date8/11/2020 (Estimated)
OptionableNot Optionable

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Grocery Outlet (NYSE:GO) Frequently Asked Questions

How has Grocery Outlet's stock been impacted by COVID-19 (Coronavirus)?

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.

Do Wall Street analysts recommend investors buy shares of Grocery Outlet?

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.

When is Grocery Outlet's next earnings date?

Grocery Outlet is scheduled to release its next quarterly earnings announcement on Tuesday, August 11th 2020. View our earnings forecast for Grocery Outlet.

How were Grocery Outlet's earnings last quarter?

Grocery Outlet Holding Corp. (NYSE:GO) released its earnings results on Monday, May, 11th. The company reported $0.36 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.04. The business had revenue of $760.30 million for the quarter, compared to analyst estimates of $748.13 million. The firm's revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.15 EPS. View Grocery Outlet's earnings history.

What guidance has Grocery Outlet issued on next quarter's earnings?

Grocery Outlet updated its first quarter 2020 After-Hours earnings guidance on Monday, April, 20th. The company provided 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.

What price target have analysts set for GO?

11 Wall Street analysts have issued twelve-month target prices for Grocery Outlet's stock. Their forecasts range from $37.00 to $51.00. On average, they expect Grocery Outlet's share price to reach $43.00 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price. View analysts' price targets for Grocery Outlet.

Has Grocery Outlet been receiving favorable news coverage?

Headlines about GO stock have been trending positive recently, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Grocery Outlet earned a daily sentiment score of 2.8 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term. View the latest news aboutGrocery 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), 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).

Who are Grocery Outlet's key executives?

Grocery Outlet's management team includes the following 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 initial public offering (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 acted as the underwriters for the IPO and Telsey Advisory Group, Drexel Hamilton and Penserra Securities were co-managers.

What is Grocery Outlet's stock symbol?

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

Who are Grocery Outlet's major shareholders?

Grocery Outlet's stock is owned by a number of institutional and retail investors. Top institutional investors 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.

Which institutional investors are selling Grocery Outlet stock?

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.

Which institutional investors are buying Grocery Outlet stock?

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.

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 $36.81.

How big of a company is Grocery Outlet?

Grocery Outlet has a market capitalization of $3.35 billion. Grocery Outlet employs 679 workers across the globe.

What is Grocery Outlet's official website?

The official website for Grocery Outlet is www.groceryoutlet.com.

How can I contact Grocery Outlet?

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

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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