In the last trading session, 1.52 million shares of the Grocery Outlet Holding Corp (NASDAQ:GO) were traded, and its beta was 0.47. Most recently the company’s share price was $12.21, and it changed around -$0.61 or -4.76% from the last close, which brings the market valuation of the company to $1.19B. GO currently trades at a discount to its 52-week high of $29.13, offering almost -138.57% off that amount. The share price’s 52-week low was $10.26, which indicates that the current value has risen by an impressive 15.97% since then. We note from Grocery Outlet Holding Corp’s average daily trading volume that its 10-day average is 2.1 million shares, with the 3-month average coming to 2.47 million.
Grocery Outlet Holding Corp stock received a consensus recommendation rating of Hold, based on a mean score of 3.12. If we narrow it down even further, the data shows that 1 out of 15 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 12 recommended GO as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Grocery Outlet Holding Corp is expected to report earnings per share of 0.07 for the current quarter.
Grocery Outlet Holding Corp (NASDAQ:GO) trade information
Instantly GO has showed a red trend with a performance of -4.76% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 12.97 on recent trading dayincreased the stock’s daily price by 5.86%. The company’s shares are currently down -21.78% year-to-date, but still down -4.83% over the last five days. On the other hand, Grocery Outlet Holding Corp (NASDAQ:GO) is -22.72% down in the 30-day period. We can see from the shorts that 11.81 million shares have been sold at a short interest cover period of 3.98 day(s).
The consensus price target as assigned by Wall Street analysts is $17, which translates to bulls needing to increase their stock price by 28.18% from its current value. Analyst projections state that GO is forecast to be at a low of $16 and a high of $19.
Grocery Outlet Holding Corp (GO) estimates and forecasts
The year-over-year growth rate is expected to be 8.35%, up from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 1.12B in revenue for the current quarter. 13 analysts expect Grocery Outlet Holding Corp to make 1.21B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 1.04B and 1.13B respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 8.32%. Forecasts for the next quarter put sales growth at 7.18%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 16.03%. Grocery Outlet Holding Corp earnings are expected to increase by -5.59% in 2025, but the outlook is positive 5.97% per year for the next five years.
GO Dividends
Grocery Outlet Holding Corp’s next quarterly earnings report is expected to be released on 2025-Feb-24.
Grocery Outlet Holding Corp (NASDAQ:GO)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 4.32% of Grocery Outlet Holding Corp shares, and 108.45% of them are in the hands of institutional investors. The stock currently has a share float of 113.35%. Grocery Outlet Holding Corp stock is held by 323.0 institutions, with BLACKROCK INC. being the largest institutional investor. By 2024-06-30, it held 12.1465% of the shares, which is about 12.09 million shares worth $267.45 million.
VANGUARD GROUP INC, with 10.4009% or 10.35 million shares worth $228.96 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
SMALLCAP WORLD FUND INC and iShares Core S&P Small-Cap ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 6.53 shares worth $79.77 million, making up 6.71% of all outstanding shares. On the other hand, iShares Core S&P Small-Cap ETF held roughly 6.22 shares worth around $75.96 million, which represents about 6.39% of the total shares outstanding.
