Grocery Outlet
GO
Market cap $1.72B

17.52 USD

+0.65

3.85%

At close Oct 17, 4:00 PM EDT

After hours

17.52

+0.00

0.00%

1 day

3.85%

5 days

10.75%

1 month

4.10%

3 months

-17.32%

6 months

-34.04%

Year to date

-35.64%

1 year

-37.72%

5 years

-47.67%

About: Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.

Employees: 997

Consumer Staples Grocery Stores

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 8 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

133% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 7 (+4) [Q2]

113% more call options, than puts

Call options by funds: $6.62M | Put options by funds: $3.11M

29% more repeat investments, than reductions

Existing positions increased: 89 | Existing positions reduced: 69

8.23% more ownership

Funds ownership: 99.52% [Q1] → 107.75% (+8.23%) [Q2]

13% less funds holding

Funds holding: 250 [Q1] → 218 (-32) [Q2]

16% less capital invested

Capital invested by funds: $2.84B [Q1] → $2.38B (-$462M) [Q2]

43% less first-time investments, than exits

New positions opened: 43 | Existing positions closed: 75

See Fund Rankings

Research analyst outlook

8 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$17

3%

downside

Avg. target

$23

29%

upside

High target

$31

77%

upside

8 analyst ratings

3 positive

38%

5 neutral

63%

0 negative

0%

Loop Capital Anthony Chukumba 54% 1-year accuracy 7 / 13 met price target	3%downside $17	Hold Initiated	17 Oct 2024
Melius Research Karen Short 70% 1-year accuracy 7 / 10 met price target	3%downside $17	Hold Initiated	23 Sept 2024
Roth MKM Bill Kirk 56% 1-year accuracy 10 / 18 met price target	14%upside $20	Neutral Maintained	7 Aug 2024
UBS Michael Lasser 70% 1-year accuracy 23 / 33 met price target	20%upside $21	Neutral Maintained	7 Aug 2024
Telsey Advisory Group Joseph Feldman 61% 1-year accuracy 92 / 151 met price target	54%upside $27	Outperform Maintained	7 Aug 2024

See Analyst Rankings

Financial journalist opinion

Zacks Investment Research

Grocery Outlet Trades Below 200 & 50-Day SMA: How to Play the Stock?

The system transition, which has posed challenges for GO, is negatively impacting its operational efficiency and financial performance.

Grocery Outlet Trades Below 200 & 50-Day SMA: How to Play the Stock?

Zacks Investment Research

Grocery Outlet Down 46% From 52-Week High: Will GO Rebound From Here?

The systems transition that has posed challenges for Grocery Outlet negatively impacting both operational efficiency and financial performance.

Grocery Outlet Down 46% From 52-Week High: Will GO Rebound From Here?

The Motley Fool

3 Stocks That Haven't Been This Cheap in More Than 5 Years

Stocks trading near multiyear lows tend to be high-risk, high-reward investments. Investors should be careful not to assume that a falling stock can't fall further in value.

3 Stocks That Haven't Been This Cheap in More Than 5 Years

Zacks Investment Research

Grocery Outlet Declines 37% YTD: Should You Hold or Sell the Stock?

GO is working to enhance its market presence through a combination of diverse product assortments, targeted marketing and in-store initiatives.

Grocery Outlet Declines 37% YTD: Should You Hold or Sell the Stock?

Zacks Investment Research

Why Is Grocery Outlet (GO) Down 8.2% Since Last Earnings Report?

Grocery Outlet (GO) reported earnings 30 days ago. What's next for the stock?

Why Is Grocery Outlet (GO) Down 8.2% Since Last Earnings Report?

Grocery Outlet Launches Private Label Program, GO Brands

EMERYVILLE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet” or the “Company”), a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, announced today the official launch of its new private label program, GO Brands.

Grocery Outlet Launches Private Label Program, GO Brands

Grocery Outlet Holding: Poor SSS Growth Outlook For The Near Term

I have a negative outlook due to poor SSS growth and increased competition. 2Q24 earnings showed SSS growth slowing down, with management expecting further deceleration in 3Q24. Competitive environment driving down margins, with GO stuck between protecting SSS growth or margins.

Grocery Outlet Holding: Poor SSS Growth Outlook For The Near Term

Grocery Outlet Holding Corp. Releases Second Annual Impact Report

Touching Lives for The Better By Providing Access to Affordable Food, Giving Back to Local Communities, and Improving Operational Efficiencies Touching Lives for The Better By Providing Access to Affordable Food, Giving Back to Local Communities, and Improving Operational Efficiencies

Grocery Outlet Holding Corp. Releases Second Annual Impact Report

Grocery Outlet: Q2, Profitability Has Started Normalizing

Grocery Outlet's Q2 showed comparable sales growth well above slowing food inflation and competitors' reported comparable sales growth levels. The company's margins are finally looking to normalize after recent quarters have shown extensive temporary technology implementation costs. The company's aggressive expansion continues, including the quite recent acquisition of United Grocery Outlet.

Grocery Outlet: Q2, Profitability Has Started Normalizing

Zacks Investment Research

Grocery Outlet's (GO) Q2 Earnings Beat, Comps Jump 2.9% Y/Y

Grocery Outlet's (GO) second-quarter results reflect a comparable store sales increase of 2.9%. Management anticipates comparable store sales growth of 3.5% for 2024.

Grocery Outlet's (GO) Q2 Earnings Beat, Comps Jump 2.9% Y/Y

See News Rankings

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