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NYSE:GOGrocery Outlet Stock Price, Forecast & News

$41.61
-1.33 (-3.10 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$41.54
Now: $41.61
$43.29
50-Day Range
$32.63
MA: $37.37
$44.08
52-Week Range
$28.11
Now: $41.61
$47.57
Volume1.09 million shs
Average Volume1.37 million shs
Market Capitalization$3.78 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: 2.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 0.0 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

0.96 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$3.78 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 (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, GO shares have increased by 28.0% and is now trading at $41.61. View which stocks have been most impacted by Coronavirus.

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

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last year. There are currently 5 hold ratings and 8 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) announced its quarterly earnings data on Monday, May, 11th. The company reported $0.36 EPS for the quarter, topping the Zacks' consensus estimate of $0.32 by $0.04. The firm earned $760.30 million during the quarter, compared to analyst estimates 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 previous year, the firm posted $0.15 earnings per share. View Grocery Outlet's earnings history.

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

Grocery Outlet issued an update on its first quarter 2020 After-Hours earnings guidance on Monday, April, 20th. The company provided earnings per share 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?

13 brokers have issued 1-year target prices for Grocery Outlet's stock. Their forecasts range from $37.00 to $51.00. On average, they anticipate Grocery Outlet's share price to reach $42.50 in the next year. This suggests a possible upside of 2.1% 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 trended very negative recently, InfoTrie Sentiment Analysis reports. The research group rates the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Grocery Outlet earned a daily sentiment score of -3.2 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future. View the latest news about 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), 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 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.

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 variety of institutional and retail investors. Top institutional investors include Deane Retirement Strategies Inc. (0.07%) and Paragon Advisors LLC (0.02%). 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 buying Grocery Outlet stock?

GO stock was purchased by a variety of institutional investors in the last quarter, including Deane Retirement Strategies Inc., and Paragon Advisors LLC. 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 $41.61.

How big of a company is Grocery Outlet?

Grocery Outlet has a market capitalization of $3.78 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 7/13/2020 by MarketBeat.com Staff

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