Grocery Outlet Holding Corp (NASDAQ:GO)’s traded shares stood at 1.5 million during the last session, with the company’s beta value hitting 0.47. At the close of trading, the stock’s price was $12.63, to imply an increase of 0.64% or $0.08 in intraday trading. The GO share’s 52-week high remains $29.13, putting it -130.64% down since that peak but still an impressive 18.76% since price per share fell to its 52-week low of $10.26. The company has a valuation of $1.23B, with an average of 2.7 million shares in intraday trading volume over the past 10 days and average of 2.44 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Grocery Outlet Holding Corp (GO), translating to a mean rating of 3.12. Of 8 analyst(s) looking at the stock, 0 analyst(s) give GO a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 6 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.07.
Grocery Outlet Holding Corp (NASDAQ:GO) trade information
After registering a 0.64% upside in the last session, Grocery Outlet Holding Corp (GO) has traded red over the past five days. The 5-day price performance for the stock is 1.61%, and -21.06% over 30 days. With these gigs, the year-to-date price performance is -19.09%. Short interest in Grocery Outlet Holding Corp (NASDAQ:GO) saw shorts transact 11.81 million shares and set a 3.98 days time to cover.
The extremes give us $16 and $19 for target low and target high price respectively. As such, GO has been trading -50.44% off suggested target high and -26.68% from its likely low.
Grocery Outlet Holding Corp (GO) estimates and forecasts
The rating firms project that company’s revenue will grow 8.35% compared to the previous financial year.
Revenue forecast for the current quarter as set by 13 analysts is 1.12B. Meanwhile, for the current quarter, a total of 13 analyst(s) estimate revenue growth to 1.21B.Earnings reports from the last fiscal year show that sales brought in 1.04B and 1.13B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 8.32% before jumping 7.18% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 16.03% for the past 5-year period. While 2025 is set for a -5.59% return in earnings, projections for the next 5 years are at 5.97% annually.
GO Dividends
Grocery Outlet Holding Corp has its next earnings report out on 2025-Feb-24. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Grocery Outlet Holding Corp (NASDAQ:GO)’s Major holders
Grocery Outlet Holding Corp insiders hold 4.32% of total outstanding shares, with institutional holders owning 108.45% of the shares at 113.34% float percentage. In total, 108.45% institutions holds shares in the company, led by BLACKROCK INC.. As of 2024-06-30, the company held over 12.09 million shares (or 12.1492% of shares), all amounting to roughly $267.45 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 10.35 million shares, or about 10.4009% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $228.96 million.
We also have SMALLCAP WORLD FUND INC and iShares Core S&P Small-Cap ETF as the top two Mutual Funds with the largest holdings of the Grocery Outlet Holding Corp (GO) shares. Going by data provided on Dec 31, 2024 , SMALLCAP WORLD FUND INC holds roughly 6.53 shares. This is just over 6.71% of the total shares, with a market valuation of $82.52 million. Data from the same date shows that the other fund manager holds a little less at 6.25, or 6.42% of the shares, all valued at about 78.99 million.
