2 weeks Ago By Defense World Staff
Grocery Outlet Holding Corp. ( NASDAQ:GO – Get Free Report ) has been given a consensus recommendation of “Hold” by the ten research firms that are covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company.
The average 1 year price target among analysts that have covered the stock in the last year is $22.11. GO has been the subject of a number of research reports.
Craig Hallum cut Grocery Outlet from a “buy” rating to a “hold” rating and reduced their price objective for the company from $32.00 to $20.00 in a research note on Wednesday, July 31st.
Wells Fargo & Company began coverage on shares of Grocery Outlet in a research note on Thursday, July 18th. They set an “overweight” rating and a $28.00 price target for the company.
Roth Mkm dropped their price objective on shares of Grocery Outlet from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th.
Melius Research assumed coverage on shares of Grocery Outlet in a research report on Monday, September 23rd. They set a “hold” rating and a $17.00 target price for the company.
Finally, Roth Capital upgraded shares of Grocery Outlet from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 7th. Read Our Latest Stock Analysis on GO Insider Buying and Selling at Grocery Outlet Institutional Investors Weigh In On Grocery Outlet Large investors have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new stake in Grocery Outlet during the first quarter valued at approximately $25,000.
Innealta Capital LLC purchased a new position in Grocery Outlet in the second quarter worth $38,000. Canada Pension Plan Investment Board purchased a new position in Grocery Outlet in the second quarter worth $82,000. Daiwa Securities Group Inc.
bought a new position in Grocery Outlet in the first quarter valued at $127,000. Finally, Bleakley Financial Group LLC purchased a new stake in Grocery Outlet during the first quarter valued at about $217,000. Institutional investors own 99.
87% of the company’s stock. Grocery Outlet Stock Up 3.5 % Shares of NASDAQ GO opened at $17.
67 on Monday. Grocery Outlet has a 52-week low of $15.72 and a 52-week high of $29.
98. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.
29 and a current ratio of 1.29. The company’s 50 day moving average price is $18.
25 and its 200-day moving average price is $21.88. The company has a market capitalization of $1.
76 billion, a P/E ratio of 27.61, a price-to-earnings-growth ratio of 3.12 and a beta of 0.
10. Grocery Outlet ( NASDAQ:GO – Get Free Report ) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.
25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05.
The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.10 billion.
Grocery Outlet had a return on equity of 5.18% and a net margin of 1.30%.
The firm’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.
23 EPS. Equities analysts forecast that Grocery Outlet will post 0.68 earnings per share for the current year.
About Grocery Outlet ( Get Free Report 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.
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