Grocery Outlet Holding Corp (NASDAQ: GO) is 0.19% higher on its value in year-to-date trading and has touched a low of $23.41 and a high of $36.54 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 $26.82 in the last trading session, with the day’s gains setting it 0.19%.
Currently trading at $27.01, the stock is -1.77% and 2.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.05 million and changing 0.71% at the moment leaves the stock -6.04% off its SMA200. GO registered -2.70% loss for a year compared to 6-month loss of -4.36%. The firm has a 50-day simple moving average (SMA 50) of $1.00 and a 200-day simple moving average (SMA200) of $18.42.
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The stock witnessed a 2.43% gain in the last 1 month and extending the period to 3 months gives it a 1.92%, and is -5.79% 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 2.37% over the week and 2.61% over the month.
Grocery Outlet Holding Corp (GO) has around 997 employees, a market worth around $2.68B and $3.97B in sales. Current P/E ratio is 34.29 and Fwd P/E is 21.03. Profit margin for the company is 2.00%. Distance from 52-week low is 15.38% and -26.08% from its 52-week high. The company has generated returns on investments over the last 12 months (3.12%).
Grocery Outlet Holding Corp quarterly earnings per share for the current quarter are estimated at $0.18 with sales reaching $1.02B over the same period.The EPS is expected to grow by 9.61% this year, but quarterly earnings will post 9.20% year-over-year. Quarterly sales are estimated to grow 5.90% in year-over-year returns.
Grocery Outlet Holding Corp (GO) Top Institutional Holders
360 institutions hold shares in Grocery Outlet Holding Corp (GO), with institutional investors hold 110.83% of the company’s shares. The shares outstanding are 99.22M, and float is at 95.24M with Short Float at 6.76%. Institutions hold 101.49% of the Float.
The top institutional shareholder in the company is Capital Research Global Investors with over 9.41 million shares valued at $288.09 million. The investor’s holdings represent 9.53% of the GO Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 8.95 million shares valued at $274.1 million to account for 9.07% of the shares outstanding. The other top investors are Blackrock Inc. which holds 8.79 million shares representing 8.89% and valued at over $268.93 million, while Jackson Square Partners, Llc holds 5.71% of the shares totaling 5.64 million with a market value of $172.66 million.
Grocery Outlet Holding Corp (GO) Insider Activity
The most recent transaction is an insider sale by Herman Thomas F,the company’sDirector. SEC filings show that Herman Thomas F sold 1,000 shares of the company’s common stock on Mar 27 ’24 at a price of $29.00 per share for a total of $29000.0. Following the sale, the insider now owns 10400.0 shares.
Grocery Outlet Holding Corp disclosed in a document filed with the SEC on Mar 22 ’24 that Ragatz Erik D. (Director) bought a total of 36,500 shares of the company’s common stock. The trade occurred on Mar 22 ’24 and was made at $28.25 per share for $1.03 million. Following the transaction, the insider now directly holds 36500.0 shares of the GO stock.
Still, SEC filings show that on Mar 22 ’24, Wilson Steven K. (EVP, Chief Purchasing Officer) disposed off 7,152 shares at an average price of $28.25 for $0.2 million. The insider now directly holds 158,779 shares of Grocery Outlet Holding Corp (GO).
