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) released its 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 business had revenue of $652.50 million for the quarter, compared to analyst estimates of $652.60 million. Grocery Outlet's 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 issued an update on 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 earnings per share estimate of $0.72. The company issued revenue guidance of $$2.55 billion, compared to the consensus revenue estimate of $$2.55 billion.

9 brokerages have issued 12-month price objectives for Grocery Outlet's stock. Their forecasts range from $30.00 to $51.00. On average, they anticipate Grocery Outlet's stock price to reach $40.13 in the next twelve months. 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 articles about GO stock have trended somewhat positive on Sunday, according to InfoTrie. The research firm rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Grocery Outlet earned a news impact score of 1.3 on InfoTrie's scale. They also assigned 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 effect on the company's share price in the near future. 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), Amgen (AMGN), Honeywell International (HON), Johnson & Johnson (JNJ) and Mcdonald's (MCD).

(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 acted 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 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. Since the end of the company's lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company have been lifted.

Grocery Outlet's stock is owned by many different of institutional and retail investors. Top institutional investors 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 bought 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.