GO - Grocery Outlet Holding Corp.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
+0.11 (+0.33%)
At close: 4:00PM EDT

33.67 0.00 (0.00%)
After hours: 4:05PM EDT

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Previous Close33.56
Bid33.52 x 1400
Ask33.73 x 900
Day's Range33.17 - 33.88
52 Week Range27.75 - 47.58
Avg. Volume755,449
Market Cap2.975B
Beta (3Y Monthly)N/A
PE Ratio (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Trade prices are not sourced from all markets
  • Globenewswire Test

    Grocery Outlet Holding Corp. Announces Pricing of Secondary Offering of Shares of Common Stock

    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 dg.prospectus_requests@baml.com; 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 lkasha@cfgo.com  INVESTOR RELATIONS CONTACT: Jean Fontana 646-277-1214 Jean.Fontana@icrinc.com

  • Benzinga

    Grocery Outlet Trades Lower On Mixed Q3 Preliminary Results

    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 ...

  • MarketWatch

    Grocery Outlet to beat sales expectations, but net income guidance is below forecasts

    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%.

  • TheStreet.com

    Grocery Outlet Surges After Discount Supermarket Beats Sales Estimates

    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.

  • MarketWatch

    Grocery Outlet stock tumbles after investor stock offering announced

    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.

  • We Think Grocery Outlet Holding (NASDAQ:GO) Is Taking Some Risk With Its Debt
    Simply Wall St.

    We Think Grocery Outlet Holding (NASDAQ:GO) Is Taking Some Risk With Its Debt

    Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

  • Breakout Stocks & Technical Analysis
    Investor's Business Daily

    Breakout Stocks & Technical Analysis

    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.

  • Grocery Outlet's Debut Earnings Report Is a Hit
    Motley Fool

    Grocery Outlet's Debut Earnings Report Is a Hit

    The deep-discount supermarket chain, a recent IPO, has lofty expansion goals.

  • Benzinga

    Barron's Picks And Pans: American Eagle Outfitters, Chevron, Grocery Outlet And More

    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 ...

  • Barrons.com

    Grocery Outlet Is Thriving as Rivals Struggle. Here’s Why.

    Grocers are being pressured by Walmart and Target, and by chains that can offer private-label discounts. But opportunistic merchandising gives Grocery Outlet an edge.

  • Profitable IPO Stock Breaks Out To New Buy Zone After Blowout Earnings
    Investor's Business Daily

    Profitable IPO Stock Breaks Out To New Buy Zone After Blowout Earnings

    Grocery Outlet jumped past a new buy point Wednesday after crushing Q2 earnings views and gave strong guidance. But the IPO stock pared gains.

  • Barrons.com

    Grocery Outlet Stock Surges, Proving Tech Start-Ups Aren’t The Only IPOs to Watch

    It’s an ugly day for retail stocks, but Grocery Outlet is bucking that trend. The stock is up 10% after an upbeat second-quarter earnings report.

  • Benzinga

    Analysts Remain Sidelined After Grocery Outlet's 'Impressive' Quarter

    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.

  • MarketWatch

    Grocery Outlet shares jump nearly 10%, 'treasure hunt' experience has analyst appeal

    Grocery Outlet Holding Corp. jumped nearly 10% on a trading day when most other stocks were in the red after it reported profits and sales that beat expectations. Moreover, analysts are bullish that the grocery chain's "treasure hunt" experience will translate into prolonged same-store sales growth. "While we would expect the company's comp to ease over time as some of its particularly strong initiatives mature, we believe its differentiated offering and unique value proposition should allow it to continue to take share over time," wrote UBS in a note. Analysts think Grocery Outlet's 2019 same-store sales growth forecast of 3% to 4% "could be conservative." UBS rates Grocery Outlet stock neutral with a $38 price target, up from $35. "Grocery Outlet's industry-leading buying team has strong relationships with some of the top national CPG brands and positions the retailer well to consistently procure compelling deals," wrote Cowen. "We believe Grocery Outlet has historically done a good job of maintaining large price gaps against both discounters and traditional grocery competitors." Cowen rates Grocery Outlet stock outperform with a $48 price target, up from $42. Grocery Outlet stock, which began trading on June 20, is up 22.3% over the past month while the S&P 500 index has fallen 5.3% over the period.

  • Why Grocery Outlet Shares Popped Over 12% Wednesday Morning
    Motley Fool

    Why Grocery Outlet Shares Popped Over 12% Wednesday Morning

    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 Tumble As Treasury Yield Curve Inverts, Triggering Recession Fears
    Investor's Business Daily

    Dow Jones Futures Tumble As Treasury Yield Curve Inverts, Triggering Recession Fears

    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.

  • TheStreet.com

    Grocery Outlet Spikes Following First Earnings Release Since IPO

    For the full year, the company says it expects earnings of between 68 cents and 71 cents a share, higher than analysts' forecasts.

  • Grocery Outlet pins profit, sales bump on ‘treasure-hunt’ feel

    Grocery Outlet pins profit, sales bump on ‘treasure-hunt’ feel

    Grocery Outlet Holding Corp. stock gains more than 10% late Tuesday after the company’s first quarterly results post its June initial public offering blows past Wall Street expectations and the off-price grocer also predicted a rosier 2019.

  • MarketWatch

    Grocery Outlet stock rallies after first post-IPO quarterly results

    Shares of Grocery Outlet Holding Corp. rose more than 14% in the extended session Tuesday after the company beat quarterly adjusted earnings and sales expectations. Grocery Outlet said it lost $10.6 million, or 15 cents a share, in the quarter, versus earnings of $7.3 million, or 11 cents a share, in the second quarter of fiscal 2018. Adjusted for one-time items, the company earned $14.5 million, or 20 cents a share, compared with $12.9 million, or 19 cents a share, a year ago. Sales rose by 12% to $645.3 million from $575.1 million in the second quarter of fiscal 2018. Analysts polled by FactSet had expected adjusted earnings of 13 cents a share on sales of $627 million. Comparable-store sales rose by 6%, the company said. Grocery Outlet had its initial public offering in June at $22 a share. The company said it expects sales between $2.50 billion and $2.53 billion in the full-year 2019, and adjusted EPS for the year between 68 cents and 71 cents.

  • IPO Stocks To Watch: CrowdStrike Vs. Grocery Outlet
    Investor's Business Daily

    IPO Stocks To Watch: CrowdStrike Vs. Grocery Outlet

    Two new names on the IBD Breakout Stocks Index — CrowdStrike and Grocery Outlet — offer timely insight into how to buy IPO stocks and top stocks to watch.

  • Benzinga

    Bank Of America Likes Grocery Outlet Holdings Unique Business Model

    Newly-public Grocery Outlet Holding Corp (NASDAQ: GO ) has scored an initiation of coverage from Bank of America. The Analyst Bank of America analyst Robert Ohmes initiated coverage with a Neutral rating ...

  • Grocery Outlet Isn't the Growth Stock You May Think It Is
    Motley Fool

    Grocery Outlet Isn't the Growth Stock You May Think It Is

    The deep discount supermarket chain talks a good story but faces significant roadblocks.

  • TheStreet.com

    How Grocery Outlet Plans to Succeed With Expansion

    Grocery Outlet CEO breaks down the business in 60 seconds and how the company plans to expand in the next five years.

  • Why EnscoRowan, Grocery Outlet Holding, and Overstock.com Jumped Today
    Motley Fool

    Why EnscoRowan, Grocery Outlet Holding, and Overstock.com Jumped Today

    Soaring cryptocurrencies lifted one of these hot stocks.

  • Grocery Outlet Gets a Post-IPO Bump, but How Good Is It Really?
    Motley Fool

    Grocery Outlet Gets a Post-IPO Bump, but How Good Is It Really?

    The concept is proven, but the current valuation is quite pricey.