Grocery Outlet (GO) Stock Price, News & Analysis

Company Overview

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products. The company was founded in 1946 and is headquartered in Emeryville, California.

Key Stats

• Today's Range: $15.41 to $15.93
• 50-Day Range: $13.90 to $21.25
• 52-Week Range: $13.60 to $29.19
• Volume: 427,670 shs
• Average Volume: 1.82 million shs
• Market Capitalization: $1.54 billion
• P/E Ratio: 31.16
• Dividend Yield: N/A
• Price Target: $18.00
• Consensus Rating: Hold

Grocery Outlet Stock Analysis - MarketRank™

Grocery Outlet scored higher than 78% of companies evaluated by MarketBeat, and ranked 81st out of 146 stocks in the consumer staples sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

Grocery Outlet has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 2 buy ratings, 8 hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Grocery Outlet has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 22.22%

Earnings Growth

Earnings for Grocery Outlet are expected to grow by 22.22% in the coming year, from $0.63 to $0.77 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Grocery Outlet is 31.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 112.08.

Price to Earnings Ratio vs. Sector

The P/E ratio of Grocery Outlet is 31.16, which means that it is trading at a more expensive P/E ratio than the Consumer Staples sector average P/E ratio of about 22.08.

Price to Earnings Growth Ratio

Grocery Outlet has a PEG Ratio of 4.74. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Grocery Outlet has a P/B Ratio of 1.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

8.63% of the float of Grocery Outlet has been sold short.

Short Interest Ratio / Days to Cover

Grocery Outlet has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Grocery Outlet has recently decreased by 13.14%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Grocery Outlet does not currently pay a dividend.

Dividend Growth

Grocery Outlet does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

8.63% of the float of Grocery Outlet has been sold short.

Short Interest Ratio / Days to Cover

Grocery Outlet has a short interest ratio ("days to cover") of 3.9, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Grocery Outlet has recently decreased by 13.14%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.35

News Sentiment

Grocery Outlet has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 5 news articles for Grocery Outlet this week, compared to 7 articles on an average week.

Search Interest

Only 4 people have searched for GO on MarketBeat in the last 30 days. This is a decrease of -20% compared to the previous 30 days.

MarketBeat Follows

5 people have added Grocery Outlet to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Grocery Outlet insiders have bought more of their company's stock than they have sold. Specifically, they have bought $2,007,500.00 in company stock and sold $0.00 in company stock.

Percentage Held by Insiders

Only 4.50% of the stock of Grocery Outlet is held by insiders.

Percentage Held by Institutions

99.87% of the stock of Grocery Outlet is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GO Stock Analysis - Frequently Asked Questions

How have GO shares performed this year?

Grocery Outlet's stock was trading at $26.96 at the beginning of the year. Since then, GO stock has decreased by 41.1% and is now trading at $15.89.
View the best growth stocks for 2024 here.

How were Grocery Outlet's earnings last quarter?

Grocery Outlet Holding Corp. (NASDAQ:GO) posted its quarterly earnings results on Tuesday, November, 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The company's quarterly revenue was up 10.4% on a year-over-year basis.

When did Grocery Outlet IPO?

Grocery Outlet (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.

Who are Grocery Outlet's major shareholders?

Top institutional shareholders of Grocery Outlet include State Street Corp (3.51%), Geode Capital Management LLC (1.66%), Geneva Capital Management LLC (1.61%) and WCM Investment Management LLC (1.29%). Insiders that own company stock include S Macgregor Jr Read, Erik D Ragatz, Robert Joseph Jr Sheedy, Steven K Wilson, Charles Bracher, Pamela B Burke, Eric J Jr Lindberg, Jeffrey York, Andrea Renee Bortner, Lindsay E Gray, John E Bachman, Brian Mcandrews and Thomas F Herman.
View institutional ownership trends.

How do I buy shares of Grocery Outlet?

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.
Compare Top Brokerages Here.

What other stocks do shareholders of Grocery Outlet own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Grocery Outlet investors own include Invesco QQQ (QQQ), NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Broadcom (AVGO) and Netflix (NFLX).

Company Calendar

• Last Earnings: 11/05/2024
• Today: 12/26/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Staples
• Industry: Grocery stores
• Sub-Industry: Retail
• Current Symbol: NASDAQ:GO
• CUSIP: N/A
• CIK: 1771515
• Web: www.groceryoutlet.com
• Phone: (510) 845-1999
• Fax: N/A
• Employees: 901
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $18.00
• High Stock Price Target: $26.00
• Low Stock Price Target: $15.00
• Potential Upside/Downside: +14.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 12 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.51
• Trailing P/E Ratio: 30.90
• Forward P/E Ratio: 25.02
• P/E Growth: 4.74
• Net Income: $79.44 million
• Net Margins: 1.20%
• Pretax Margin: 1.62%
• Return on Equity: 5.25%
• Return on Assets: 2.11%

Debt

• Debt-to-Equity Ratio: 0.34
• Current Ratio: 1.46
• Quick Ratio: 0.33

Sales & Book Value

• Annual Sales: $4.26 billion
• Price / Sales: 0.36
• Cash Flow: $1.45 per share
• Price / Cash Flow: 10.85
• Book Value: $12.28 per share
• Price / Book: 1.28

Miscellaneous

• Outstanding Shares: 97,136,000
• Free Float: 92,765,000
• Market Cap: $1.53 billion
• Optionable: Optionable
• Beta: 0.25