In the last trading session, 1.44 million Grocery Outlet Holding Corp (NASDAQ:GO) shares changed hands as the company’s beta touched 0.45. With the company’s per share price at $12.83 changed hands at -$0.12 or -0.93% during last session, the market valuation stood at $1.25B. GO’s last price was a discount, traded about -127.05% off its 52-week high of $29.13. The share price had its 52-week low at $10.26, which suggests the last value was 20.03% up since then. When we look at Grocery Outlet Holding Corp’s average trading volume, we note the 10-day average is 2.95 million shares, with the 3-month average coming to 2.45 million.
Analysts gave the Grocery Outlet Holding Corp (GO) stock a consensus recommendation rating of Buy, calculated at a mean rating of 3.12. 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 0.07.
Grocery Outlet Holding Corp (NASDAQ:GO) trade information
Instantly GO was in red as seen at the end of in last trading. With action -0.39%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -17.81%, with the 5-day performance at -0.39% in the red. However, in the 30-day time frame, Grocery Outlet Holding Corp (NASDAQ:GO) is -23.08% down. Looking at the short shares, we see there were 11.81 million shares sold at short interest cover period of 3.98 days.
The consensus price target for the stock as assigned by Wall Street analysts is 17, meaning bulls need an upside of 24.53% from its current 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 -48.09% plunge from its current level, while the stock would need to soar -24.71% for it to hit the projected low.
Grocery Outlet Holding Corp (GO) estimates and forecasts
Year-over-year growth is forecast to reach 8.35% up from the last financial year.
Consensus estimates given by 13 financial analysts project the company’s revenue in the current quarter to hit an average of 1.12B. 13 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 8.32%. The estimates for the next quarter sales put growth at 7.18%.
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 -5.59%, but the outlook for the next 5-year period is at 5.97% per year.
GO Dividends
Grocery Outlet Holding Corp is expected to release its next quarterly earnings report on 2025-Feb-24.
Grocery Outlet Holding Corp (NASDAQ:GO)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 4.32% of Grocery Outlet Holding Corp shares while 108.30% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 113.19%. There are 108.30% institutions holding the Grocery Outlet Holding Corp stock share, with BLACKROCK INC. the top institutional holder. As of 2024-06-30, the company held 12.1492% of the shares, roughly 12.09 million GO shares worth $267.45 million.
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 Dec 31, 2024 were Smallcap World Fund and iShares Core S&P Smallcap ETF . With 6.53 shares estimated at $83.82 million under it, the former controlled 6.71% of total outstanding shares. On the other hand, iShares Core S&P Smallcap ETF held about 6.42% of the shares, roughly 6.25 shares worth around $80.25 million.
