Grocery Outlet Holding Corp (NASDAQ: GO) is -29.27% lower on its value in year-to-date trading and has touched a low of $13.60 and a high of $29.98 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GO stock was last observed hovering at around $18.77 in the last trading session, with the day’s gains setting it 0.3%.
Currently trading at $19.07, the stock is 15.59% and 15.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.81 million and changing 1.60% at the moment leaves the stock -11.74% off its SMA200. GO registered -30.50% loss for a year compared to 6-month loss of -6.66%. The firm has a 50-day simple moving average (SMA 50) of $16.5432 and a 200-day simple moving average (SMA200) of $21.63815.
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The stock witnessed a 20.47% gain in the last 1 month and extending the period to 3 months gives it a -0.47%, and is 30.98% up 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 6.75% over the week and 5.09% over the month.
Grocery Outlet Holding Corp (GO) has around 997 employees, a market worth around $1.85B and $4.26B in sales. Current P/E ratio is 37.17 and Fwd P/E is 19.90. Profit margin for the company is 1.20%. Distance from 52-week low is 40.22% and -36.39% from its 52-week high. The company has generated returns on investments over the last 12 months (1.88%).
The EPS is expected to shrink by -25.86% this year.
Grocery Outlet Holding Corp (GO) Top Institutional Holders
321.0 institutions hold shares in Grocery Outlet Holding Corp (GO), with institutional investors hold 117.09% of the company’s shares. The shares outstanding are 99.22M, and float is at 92.71M with Short Float at 12.58%. Institutions hold 112.39% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 12.09 million shares valued at $267.45 million. The investor’s holdings represent 12.1492% of the GO Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 10.35 million shares valued at $228.96 million to account for 10.4009 of the shares outstanding. The other top investors are ALLIANCEBERNSTEIN L.P. which holds 5.51 million shares representing 5.5356% and valued at over $121.86 million, while 12 WEST CAPITAL MANAGEMENT LP holds 5.4763 of the shares totaling 5.45 million with a market value of $120.55 million.
Grocery Outlet Holding Corp (GO) Insider Activity
The most recent transaction is an insider sale by Lindberg Eric J. Jr., the company’s Director. SEC filings show that Lindberg Eric J. Jr. sold 200,095 shares of the company’s common stock on Sep 19 ’24 at a price of $16.29 per share for a total of $3.26 million. Following the sale, the insider now owns 70938.0 shares.
Still, SEC filings show that on Aug 20 ’24, Lindberg Eric J. Jr. (Director) disposed off 100,000 shares at an average price of $18.62 for $1.86 million. The insider now directly holds 70,938 shares of Grocery Outlet Holding Corp (GO).
