Grocery Outlet (GO) Stock Price, News & Analysis

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Grocery Outlet in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GO, but not buy additional shares or sell existing shares.
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9 brokers have issued 12-month target prices for Grocery Outlet's stock. Their GO share price targets range from $20.00 to $39.00. On average, they expect the company's share price to reach $31.44 in the next year. This suggests a possible upside of 18.1% from the stock's current price.
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Grocery Outlet's stock was trading at $26.96 at the start of the year. Since then, GO shares have decreased by 1.3% and is now trading at $26.62.
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Grocery Outlet saw a increase in short interest in March. As of March 31st, there was short interest totaling 7,020,000 shares, an increase of 9.2% from the March 15th total of 6,430,000 shares. Based on an average trading volume of 1,250,000 shares, the short-interest ratio is currently 5.6 days. Currently, 7.4% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
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Grocery Outlet Holding Corp. (NASDAQ:GO) posted its quarterly earnings data on Tuesday, February, 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $989.82 million for the quarter, compared to analysts' expectations of $982.44 million. Grocery Outlet had a net margin of 2.00% and a trailing twelve-month return on equity of 7.17%.

ETFs with the largest weight of Grocery Outlet (NASDAQ:GO) stock in their portfolio include Invesco Food & Beverage ETF (PBJ), SPDR S&P Retail ETF (XRT), Direxion Daily Retail Bull 3X Shares (RETL), First Trust Consumer Staples AlphaDEX Fund (FXG), First Trust Horizon Managed Volatility Small/Mid ETF (HSMV), Amplify Etho Climate Leadership U.S. ETF (ETHO), ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL) and Invesco FTSE RAFI US 1500 Small-Mid ETF (PRFZ).

Grocery Outlet issued an update on its FY 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 1.140-1.200 for the period, compared to the consensus estimate of 1.140. The company issued revenue guidance of $4.3 billion-$4.4 billion, compared to the consensus revenue estimate of $4.3 billion.

142 employees have rated Grocery Outlet Chief Executive Officer Eric Lindberg/ MacGregor Read on Glassdoor.com. Eric Lindberg/ MacGregor Read has an approval rating of 93% among the company's employees. This puts Eric Lindberg/ MacGregor Read in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Grocery Outlet (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 stock is owned by many different retail and institutional investors. Top institutional shareholders include Los Angeles Capital Management LLC (0.16%) and Red Spruce Capital LLC (0.09%). Insiders that own company stock include Andrea Renee Bortner, Brian Mcandrews, Charles Bracher, Eric J Jr Lindberg, Eric J Jr Lindberg, Erik D Ragatz, Jeffrey York, Lindsay E Gray, Luke D Thompson, Pamela B Burke, Robert Joseph Jr Sheedy, S Macgregor Jr Read, Steven K Wilson, Thomas F Herman and Thomas F Herman.
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Shares of GO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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