Grocery Outlet Stock Forecast, Price & News

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 17.3% and is now trading at $38.14.
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12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Grocery Outlet is scheduled to release its next quarterly earnings announcement on Monday, November 9th 2020.
View our earnings forecast for Grocery Outlet.

Grocery Outlet Holding Corp. (NYSE:GO) posted its quarterly earnings data on Monday, August, 10th. The company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.23 by $0.19. The firm earned $803.43 million during the quarter, compared to the consensus estimate of $780.56 million. The business's revenue for the quarter was up 24.5% on a year-over-year basis. During the same period last year, the company earned $0.20 EPS.
View Grocery Outlet's earnings history.

12 analysts have issued 1-year price targets for Grocery Outlet's stock. Their forecasts range from $40.00 to $53.00. On average, they anticipate Grocery Outlet's share price to reach $47.08 in the next twelve months. This suggests a possible upside of 23.4% from the stock's current price.
View analysts' price targets for Grocery Outlet.

Some companies that are related to Grocery Outlet include Alimentation Couche-Tard (ATD.A), George Weston (WNGRF), Empire (EMP.A), Albertsons Companies (ACI), Dairy Farm International (DFIHY), J Sainsbury (SBRY), WM Morrison Supermarkets (MRW), Companhia Brasileira de Distribuicao (CBD), Sprouts Farmers Market (SFM), North West (NWC), Weis Markets (WMK), Greggs (GRG), Ingles Markets (IMKTA), Village Super Market (VLGEA) and Natural Grocers by Vitamin Cottage (NGVC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Grocery Outlet investors own include Alibaba Group (BABA), CVS Health (CVS), Cisco Systems (CSCO), Johnson & Johnson (JNJ), Honeywell International (HON), Home Depot (HD), Verizon Communications (VZ), Walt Disney (DIS), Procter & Gamble (PG) and NVIDIA (NVDA).

(GO) raised $275 million in an 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.

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

Grocery Outlet's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Copper Rock Capital Partners LLC (22.36%), Jackson Square Partners LLC (8.67%), Vanguard Group Inc. (7.08%), Kayne Anderson Rudnick Investment Management LLC (6.30%), Neuberger Berman Group LLC (1.99%) and Bank of New York Mellon Corp (1.66%). Company insiders that own Grocery Outlet stock include Brian Mcandrews, 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.

GO stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Marshall Wace LLP, Copper Rock Capital Partners LLC, Marshall Wace North America L.P., Wasatch Advisors Inc., Pier Capital LLC, Three Peaks Capital Management LLC, and Public Employees Retirement System of Ohio. Company insiders that have sold Grocery Outlet company stock in the last year include Brian Mcandrews, 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.

GO stock was acquired by a variety of institutional investors in the last quarter, including Copper Rock Capital Partners LLC, Jackson Square Partners LLC, Vanguard Group Inc., Kayne Anderson Rudnick Investment Management LLC, Federated Hermes Inc., Bank of New York Mellon Corp, Sei Investments Co., and Goldman Sachs 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 activity 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 $38.14.

Grocery Outlet has a market capitalization of $3.49 billion. Grocery Outlet employs 679 workers across the globe.

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

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