Grocery Outlet Holding Corp. (NASDAQ: GO) is 24.79% higher on its value in year-to-date trading and has touched a low of $21.01 and a high of $46.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The GO stock was last observed hovering at around $34.89 in the last trading session, with the day’s gains setting it 0.4% off its average median price target of $48.00 for the next 12 months. It is also 33.42% off the consensus price target high of $53.00 offered by 12 analysts, but current levels are -13.84% lower than the price target low of $31.00 for the same period.
Currently trading at $35.29, the stock is -7.58% and -14.58% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.12 million and changing 1.15% at the moment leaves the stock 2.50% off its SMA200. GO registered 52.05% gain for a year compared to 6-month gain of 10.28%.
The stock witnessed a -15.45% loss in the last 1 month and extending the period to 3 months gives it a -13.67%, and is -3.53% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.06% over the week and 3.14% over the month.
Grocery Outlet Holding Corp. (GO) has around 803 employees, a market worth around $3.41B and $3.28B in sales. Current P/E ratio is 63.36 and Fwd P/E is 29.91. Profit margin for the company is 1.70%. Distance from 52-week low is 67.97% and -23.89% from its 52-week high. The company has generated returns on investments over the last 12 months (5.00%).
Grocery Outlet Holding Corp. (GO) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Grocery Outlet Holding Corp. (GO) is a “Overweight”. 12 analysts offering their recommendations for the stock have an average rating of 2.50, where 5 rate it as a Hold and 0 think it is a “Overweight”. 6 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Grocery Outlet Holding Corp. is expected to release its quarterly report on 11/08/2022.The EPS is expected to shrink by -42.20% this year
Grocery Outlet Holding Corp. (GO) Top Institutional Holders
The shares outstanding are 96.58M, and float is at 88.48M with Short Float at 6.80%.
Grocery Outlet Holding Corp. (GO) Insider Activity
A total of 108 insider transactions have happened at Grocery Outlet Holding Corp. (GO) in the last six months, with sales accounting for 54 and purchases happening 54 times. The most recent transaction is an insider sale by Herman Thomas F, the company’s Director. SEC filings show that Herman Thomas F sold 2,000 shares of the company’s common stock on Sep 15 at a price of $36.09 per share for a total of $72185.0. Following the sale, the insider now owns 37917.0 shares.
Grocery Outlet Holding Corp. disclosed in a document filed with the SEC on Sep 12 that Lindberg Eric J. Jr. (Chief Executive Officer) sold a total of 25,000 shares of the company’s common stock. The trade occurred on Sep 12 and was made at $38.31 per share for $0.96 million. Following the transaction, the insider now directly holds 60560.0 shares of the GO stock.
Still, SEC filings show that on Sep 08, York Jeffrey (Director) disposed off 50,000 shares at an average price of $37.73 for $1.89 million. The insider now directly holds 67,459 shares of Grocery Outlet Holding Corp. (GO).