GO - Grocery Outlet Holding Corp.
42.55 +0.80 (1.92%)
After hours: 4:01PM EDT
| Previous Close | 43.56 |
| Open | 43.20 |
| Bid | 41.55 x 1000 |
| Ask | 41.76 x 1000 |
| Day's Range | 41.74 - 43.52 |
| 52 Week Range | 27.75 - 47.58 |
| Volume | 233,876 |
| Avg. Volume | 913,115 |
| Market Cap | 3.689B |
| Beta (3Y Monthly) | N/A |
| PE Ratio (TTM) | N/A |
| EPS (TTM) | -0.06 |
| Earnings Date | Aug 13, 2019 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 41.78 |
- Motley Fool
Grocery Outlet's Debut Earnings Report Is a Hit
The deep-discount supermarket chain, a recent IPO, has lofty expansion goals.
- PR Newswire
Estars Unveils Esports Digital Engagement Platform and Matches Major Esports Tournament Prize Pools
LAS VEGAS, Aug. 19, 2019 /PRNewswire/ -- Today, Estars launches a new interactive, free-to-play gaming platform for esports and gaming fans to engage with their favorite competitions worldwide. To celebrate, Estars is matching millions of dollars in prizes across major esports tournaments this year through the Estars Majors, including up to $5M for The International, the upcoming Dota 2 event Aug. 20-25, 2019 in Shanghai, China and up to $10M for The Fortnite Champion Series (FNCS) Season Finals Sept. 20-21, 2019. Later announcements will detail plans for similar Estars Majors matching prize pools for League of Legends, PLAYERUNKNOWN'S BATTLEGROUNDS (PUBG) and Counter-Strike: Global Offensive (CS:GO) tournaments.
- 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.
- 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.
- 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.
- 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.
- MarketWatch
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.
- GlobeNewswire
Grocery Outlet Holding Corp. Announces Second Quarter Fiscal 2019 Financial Results
Net sales increased 12.2% to $645.3 millionComparable store sales increased 5.8%Net loss of $10.6 million; Adjusted net income increased 12.1% to $14.5 millionAdjusted EBITDA.
- PR Newswire
Perfect World chairman Chi Yufeng: Exploring a new way to grow the esports industry
The conference, led by the government, gathered leading industry figures to discuss issues facing the global esports industry, including the overall infrastructure, productization and commercialization, as well as new growth points for the industry as a whole. Chi Yufeng, chairman of Perfect World Investment & Holding Group, attended the event and delivered a speech, saying, "Perfect World has always been looking for a new way somewhere between games and traditional sports as an entry point into the world of esports. Esports, a new industry that has been increasing in popularity in recent years, owes its popularity not only to the growing public interest, but also to the huge advances in the technologies that drive the sector's development.
- 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 ...
- 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.
- Motley Fool
Why EnscoRowan, Grocery Outlet Holding, and Overstock.com Jumped Today
Soaring cryptocurrencies lifted one of these hot stocks.
- 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.
- GlobeNewswire
Grocery Outlet Holding Corp. Announces Closing of its Initial Public Offering
EMERYVILLE, Calif., June 24, 2019 -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced the closing of its previously announced initial public.
- TheStreet.com
Grocery Outlet CEO: Why Grocery Outlet Isn't Getting Into E-Commerce ... Yet
Here's why Grocery Outlet isn't ready to get into e-commerce just yet.
