|Bid||30.91 x 1300|
|Ask||31.25 x 800|
|Day's Range||30.04 - 31.25|
|52 Week Range||27.75 - 47.58|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||3,865.00|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
The extreme value grocery chain Grocery Outlet Holding Corp (NASDAQ: GO ) has no plans to make a major push into e-commerce — a decision Morgan Stanley analysts agree with. Grocery Outlet CEO: 'TJ Maxx ...
Get alerts to potential breakout stocks, along with technical analysis of the stock charts to see the best time to buy and what telltale signs to look for.
Two Grocery Outlet Holding Corp (NASDAQ: GO ) analysts had plenty of praise for the extreme value grocery chain's third-quarter report , but fell short of recommending the stock to investors. The Analysts ...
We are still in an overall bull market and many stocks that smart money investors were piling into surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Hedge funds' top 3 stock picks returned 34.4% this year and beat the S&P […]
EMERYVILLE, Calif., Oct. 03, 2019 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ: GO) (the “Company”) today announced the pricing of an underwritten public offering by certain selling stockholders of the Company, including the selling stockholder affiliated with Hellman & Friedman LLC (the “H&F Investor”), of 13,000,000 shares of the Company’s common stock at an initial price to the public of $33.75 per share. The offering is expected to close on October 8, 2019, subject to customary closing conditions. The H&F Investor has granted the underwriters a 30-day option to purchase up to 1,950,000 additional shares of the Company’s common stock at the public offering price less the underwriting discount. The Company is not selling any shares of common stock in the offering, will not receive any of the proceeds from the sale and will bear the costs associated with the sale of such shares, other than underwriting discounts and commissions.The offering is being made through an underwriting group led by BofA Merrill Lynch, Morgan Stanley, Deutsche Bank Securities, Jefferies, Barclays, Goldman Sachs & Co. LLC, Guggenheim Securities, UBS Investment Bank and Cowen, who are acting as joint book-running managers for the offering. Telsey Advisory Group, Drexel Hamilton and Penserra Securities LLC are acting as co-managers.A registration statement on Form S-1, including a prospectus, relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.The offering of these securities may be made only by means of a prospectus. Copies of the preliminary prospectus may be obtained by contacting: BofA Merrill Lynch, Attention: Prospectus Department, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte, NC 28255-0001 or by email at firstname.lastname@example.org; Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014; Deutsche Bank Securities Inc., Attention: Prospectus Group, 60 Wall Street, New York, New York 10005, or by emailing at prospectus.CPDG@db.com or by calling at (800) 503-4611; or Jefferies LLC, Attn: Equity Syndicate Prospectus Departments, 520 Madison Avenue, 2nd Floor, New York, NY 10022, by telephone at 877-821-7388 or by email at Prospectus_Department@Jefferies.com.About Grocery Outlet Based in Emeryville, California, Grocery Outlet is a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores. Grocery Outlet has more than 300 stores in California, Washington, Oregon, Pennsylvania, Idaho and Nevada. Grocery Outlet stores carry an ever-changing assortment of “WOW!” deals, complemented by everyday staple products.MEDIA CONTACT: Layla Kasha 510-379-2176 email@example.com INVESTOR RELATIONS CONTACT: Jean Fontana 646-277-1214 Jean.Fontana@icrinc.com
Grocery Outlet Holding (NASDAQ: GO ) has released its third-quarter fiscal 2019 financial developments. Grocery Outlet went public in June. For the 13 weeks ending Sept. 28, the company expects net sales ...
Grocery Outlet Holding Corp. disclosed Thursday preliminary third-quarter sales that rose more than expected, but indicated that net income would miss. The stock was still inactive in premarket trading. The discount grocery retailer said sales for the quarter to Sept. 29 rose 13.1% from a year ago to $652.5 million, above the FactSet consensus of $633.3 million, boosted by the opening of 30 net new stores and same-store sales growth. Same-store sales rose 5.8%, beating the FactSet consensus of 3.0% growth, amid increases in both customer transactions and average transaction size. Net income is estimated to range from $8.93 million to $9.65 million, up from $7.67 million a year ago, but below the FactSet consensus of $10.8 million. The stock has lost 0.6% over the past three months, while the S&P 500 has lost 3.6%.
Rising sales at Grocery Outlet and other discount chains are pressuring traditional supermarkets, with Kroger eyeing plans to cut costs by eliminating the jobs of several middle managers.
Grocery Outlet Holding Corp. shares took an 8.1% tumble in Wednesday trading after the food retailer announced a new 13 million stock offering by its largest shareholder. Hellman & Friedman LLC will also give underwriters the chance to buy up to 1.95 million additional shares with a 30-day option. Grocery Outlet went public on June 20. The stock is down 5.3% over the last three months while the S&P 500 index is down 2.6% for the period.
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
The cover story in this weekend's Barron's offers stock picks for an energy sector rebound. Other featured articles discuss how the trade war is hitting tech's bottom line and why banks are not an alternative ...
Grocery Outlet jumped past a new buy point Wednesday after crushing Q2 earnings views and gave strong guidance. But the IPO stock pared gains.
Bank of America's Robert Ohmes maintains a Neutral rating on Grocery Outlet with a price target lifted from $37 to $40. Grocery Outlet's "impressive" quarter is highlighted by a comps beat of 5.8% versus expectations of 3%, Ohmes said. Adjusted EBITDA margins of 7% also beat expectations of 6.7% from expense controls and a 35 basis point gross margin expansion.
In the company's first quarterly report since going public, Grocery Outlet topped analysts' estimates on the top and bottom lines. Here are the details.
Dow Jones futures: The Treasury yield curve inverted Wednesday morning, sparking recession fears on weak China and German economic data. That followed Tuesday's stock market rally.
For the full year, the company says it expects earnings of between 68 cents and 71 cents a share, higher than analysts' forecasts.