In the latest trading session, 5.84 million Grocery Outlet Holding Corp (NASDAQ:GO) shares changed hands as the company’s beta touched 0.32. With the company’s most recent per share price at $11.43 changed hands at -$4.31 or -27.38% at last look, the market valuation stands at $1.11B. GO’s current price is a discount, trading about -155.38% off its 52-week high of $29.19. The share price had its 52-week low at $13.60, which suggests the last value was -18.99% down since then.
Analysts gave the Grocery Outlet Holding Corp (GO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.13. If we narrow down to specifics, the data shows that 0 out of 8 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended GO as a Hold, 6 felt it is a Buy and 0 rated the stock as Underweight. Grocery Outlet Holding Corp’s EPS for the current quarter is expected to be 0.09.
Grocery Outlet Holding Corp (NASDAQ:GO) trade information
Instantly GO was in red as seen in intraday trades today. With action -28.56%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -26.78%, with the 5-day performance at -28.56% in the red. However, in the 30-day time frame, Grocery Outlet Holding Corp (NASDAQ:GO) is -32.37% down.
The consensus price target for the stock as assigned by Wall Street analysts is 17, meaning bulls need an upside of 32.76% from its recent market value. According to analyst projections, GO’s forecast low is 16 with 19 as the target high. To hit the forecast high, the stock’s price needs a -66.23% plunge from its current level, while the stock would need to soar -39.98% for it to hit the projected low.
Grocery Outlet Holding Corp (GO) estimates and forecasts
Year-over-year growth is forecast to reach 8.47% up from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 1.13B. 12 analysts are of the opinion that Grocery Outlet Holding Corp’s revenue for the current quarter will be 1.21B. The company’s revenue for the corresponding quarters a year ago was 1.04B and 1.13B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 8.69%. The estimates for the next quarter sales put growth at 7.44%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 16.03%. The 2025 estimates are for Grocery Outlet Holding Corp earnings to decrease by -2.75%, but the outlook for the next 5-year period is at 8.79% per year.
Grocery Outlet Holding Corp (NASDAQ:GO)’s Major holders
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 10.4009% or 10.35 million shares worth $228.96 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Smallcap World Fund and iShares Core S&P Smallcap ETF. With 7.94 shares estimated at $90.49 million under it, the former controlled 8.17% of total outstanding shares. On the other hand, iShares Core S&P Smallcap ETF held about 6.52% of the shares, roughly 6.33 shares worth around $72.17 million.
