Grocery Outlet Holding Corp. (NASDAQ:GO) has seen 0.65 million shares traded in the last trading session. The company, currently valued at $2.50B, closed the last trade at $26.01 per share which meant it lost -$0.06 on the day or -0.23% during that session. The GO stock price is -87.89% off its 52-week high price of $48.87 and 5.23% above the 52-week low of $24.65. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.92 million shares traded. The 3-month trading volume is 883.78K shares.
The consensus among analysts is that Grocery Outlet Holding Corp. (GO) is an Overweight stock at the moment, with a recommendation rating of 2.70. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 9 out of 15 have rated it as a Hold, with 5 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.24.
Grocery Outlet Holding Corp. (NASDAQ:GO) trade information
Sporting -0.23% in the red in last session, the stock has traded in the green over the last five days, with the highest price hit on Friday, 09/03/21 when the GO stock price touched $26.01 or saw a rise of 2.47%. Year-to-date, Grocery Outlet Holding Corp. shares have moved -33.73%, while the 5-day performance has seen it change 3.38%. Over the past 30 days, the shares of Grocery Outlet Holding Corp. (NASDAQ:GO) have changed -21.09%. Short interest in the company has seen 7.05 million shares shorted with days to cover at 5.85.
Wall Street analysts have a consensus price target for the stock at $34.36, which means that the shares’ value could jump 24.3% from current levels. The projected low price target is $24.00 while the price target rests at a high of $45.00. In that case, then, we find that the current price level is -73.01% off the targeted high while a plunge would see the stock lose 7.73% from current levels.
Grocery Outlet Holding Corp. (GO) estimates and forecasts
Figures show that Grocery Outlet Holding Corp. shares have underperformed across the wider relevant industry. The company’s shares have lost -26.55% over the past 6 months, with this year growth rate of -22.81%, compared to 5.50% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are -42.90% and -56.00% for the next quarter. Revenue growth from the last financial year stood is estimated to be -1.30%.
12 analysts offering their estimates for the company have set an average revenue estimate of $775.55 million for the current quarter. 12 have an estimated revenue figure of $782.13 million for the next quarter concluding in Sep 2021.
Earnings growth for 2021 is a modest 475.50% while over the next 5 years, the company’s earnings are expected to increase by 5.70%.
Grocery Outlet Holding Corp. is expected to release its next earnings report between November 08 and November 12 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Grocery Outlet Holding Corp. (NASDAQ:GO)’s Major holders
Insiders own 8.85% of the company shares, while shares held by institutions stand at 99.51% with a share float percentage of 109.17%. Investors are also buoyed by the number of investors in a company, with Grocery Outlet Holding Corp. having a total of 313 institutions that hold shares in the company. The top two institutional holders are Jackson Square Partners, LLC with over 9.63 million shares worth more than $355.37 million. As of Mar 30, 2021, Jackson Square Partners, LLC held 10.07% of shares outstanding.
The other major institutional holder is Sands Capital Management, LLC, with the holding of over 8.46 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $312.07 million and represent 8.84% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Smallcap World Fund and Parnassus Mid-Cap Fund. As of Mar 30, 2021, the former fund manager holds about 6.89% shares in the company for having 6.6 million shares of worth $243.29 million while later fund manager owns 4.72 million shares of worth $174.29 million as of Mar 30, 2021, which makes it owner of about 4.94% of company’s outstanding stock.