GO - Grocery Outlet Holding Corp.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
43.10
+0.31 (+0.72%)
As of 3:14PM EDT. Market open.
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Commodity Channel Index

Commodity Channel Index

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close42.79
Open42.93
Bid43.00 x 800
Ask43.03 x 1300
Day's Range42.38 - 43.40
52 Week Range28.11 - 47.58
Volume575,691
Avg. Volume1,680,932
Market Cap3.917B
Beta (5Y Monthly)N/A
PE Ratio (TTM)5,387.50
EPS (TTM)0.01
Earnings DateAug 11, 2020 - Aug 17, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target Est44.18
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Overvalued
-47% Est. Return
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  • Grocery Outlet Holding Set to Join S&P MidCap 400; Brinker International to Join S&P SmallCap 600
    PR Newswire

    Grocery Outlet Holding Set to Join S&P MidCap 400; Brinker International to Join S&P SmallCap 600

    Grocery Outlet Holding Corp. (NASD: GO) will replace Brinker International Inc. (NYSE: EAT) in the S&P; MidCap 400 and Brinker International will replace Anixter International Inc. (NYSE: AXE) in the S&P; SmallCap 600 effective prior to the opening of trading on Thursday, June 25. WESCO International Inc. (NYSE: WCC) is acquiring Anixter International in a deal completed today, June 22. Brinker International is more representative of the small-cap market space.

  • Three Grocery Outlet Senior Executives Named to Progressive Grocer’s 2020 Top Women in Grocery
    Business Wire

    Three Grocery Outlet Senior Executives Named to Progressive Grocer’s 2020 Top Women in Grocery

    Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company"), a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores, today announced that three of its senior-level executives were recently named to Progressive Grocer’s 2020 Top Women in Grocery.

  • Grocery Outlet Named to ‘50 Best Wine Retailers in America for 2020’ by Wine Enthusiast
    Business Wire

    Grocery Outlet Named to ‘50 Best Wine Retailers in America for 2020’ by Wine Enthusiast

    Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company"), a high-growth, extreme value retailer of quality, name-brand consumables and fresh products sold through a network of independently operated stores, was recently named to Wine Enthusiast Magazine’s ‘50 Best Wine Retailers in America for 2020’ in the ‘Best Value-Driven Retailers’ category.

  • Goldman Sachs Picks 2 Stocks to Buy (And 1 to Avoid)
    TipRanks

    Goldman Sachs Picks 2 Stocks to Buy (And 1 to Avoid)

    The strategy team at investment bank Goldman Sachs has reversed its bearish position on the market’s long-term outlook, and released a new statement. Writing for the team, strategist David Kostin pushes up his predicted support level for the S&P 500 to 2,750, 14% higher than his previous estimates.In a bullish coda, an optimistic counterpoint to the low-end call, Kostin’s team says the index may rally as high has 3,200 in 2H20. This would put the index just 5.4% below its all-time high, reached back in February just before the general market collapse. “The powerful rebound means our previous three-month target of 2,400 is unlikely to be realized. Monetary and fiscal policy support limit likely downside to roughly 10%,” Kostin noted. Goldman’s forecast fits well with the positive mood among investors. The S&P has bounced 36% from its March trough, and while the rebound is following a shallower slope than the initial fall did, the trend is clearly upwards. In addition to Kostin’s look at the macro situation, analysts from Goldman Sachs have also been diving into specific stocks. Of particular interest, we’ve pulled the TipRanks data on two stocks that the firm’s analysts predict will show powerful double-digit growth in the second half. And just for contrast, we’ve included one that Goldman analysts say to avoid. Let’s look at the details.Grocery Outlet Holding (GO)First up is a grocery chain, located mainly in the Pacific Coast states of Washington, Oregon, and California, but other locations in Idaho, Nevada, and Pennsylvania. Grocery Outlet brings outlet shopping to the grocery industry, offering customers discounted name brand products. The company keeps its shelves stock with overstocked and closeout items to keep the prices low.GO shares have dramatically outperformed the overall market during the current cycle, gaining 12% year-to-date. But it’s not just share price that has done well. The company’s earnings have also been solid. In Q1 2020, a period during which most company’s saw revenue and earnings tumble, GO saw a sequential EPS gain of 71%, with sales revenue gaining 25% to reach $760 million. The unique nature of the coronavirus crisis helps explain these results. In a quarter when most economic activity halted, and unemployment began a catastrophic climb, GO’s niche was invaluable: essential groceries, at discount prices.Kate McShane, 5-star analyst at Goldman Sachs, was impressed enough by GO’s performance to rate the stock with a solid Buy. Meanwhile, her $43 price target implies a healthy 19% upside potential for the year. (To watch McShane’s track record, click here)In her comments on the stock, McShane noted several factors that will support GO shares this year, including: that the company offers ‘compelling value;’ it’s unique business model, that drives store traffic by providing a ‘treasure hunt experience;’ and the company’s compelling unit growth story – this is a chain that is expanding."We think there is still further upside to shares - Although the stock is up [...] since COVID-19 concerns began impacting the market in late February, GO is still trading at a discount to its 1-year avg (39x 2020 EPS vs. avg 42x), and is one of only 3 companies under our coverage that has seen upwards consensus earnings revisions for 2021 (+6.8% for GO; the others are BJ & COST at +0.5% and +0.2% respectively)," McShane concluded.Overall, GO receives a Moderate Buy rating from the analyst consensus. The stock has 5 recent reviews, including 2 Buys and 3 Holds. Shares have an average price target of $41.20, which suggests a 13.5% premium from the $36.31 share price. (See Grocery Outlet stock analysis on TipRanks)Cedar Fair Entertainment Company (FUN)And now we turn to the amusement park industry. Cedar Fair is a company familiar to many Midwesterners, as it’s the parent company of Sandusky, Ohio’s Cedar Point amusement park. In addition to that famous asset, Cedar Fair also owns 13 additional amusement and water parks, along with 5 hotels, in the US and Canada.At first glance, FUN shares haven’t had a fun time lately. The stock has underperformed this cycle, and is still down 40% since year-to-date. Earnings turned sharply south in Q1, and the company posted a worse-than-forecast EPS loss of $2.15. But there is a bright spot – the coronavirus and the economic shutdowns hit during the winter, when the amusement parks are usually closed for maintenance. FUN usually posts its worst quarter of the year in Q1, and this year fit the pattern. As economies reopen, and people begin to seek out leisure activities again during the summer, Cedar Fair expects to see positive results.This optimism – and management’s understanding of the company’s normally cyclical earnings – led the company to maintain its dividend during these difficult times. For investors seeking a steady income or a high return, FUN’s dividend bears watching. At 93.5 cents per share quarterly, it annualizes to $3.74 and gives a whopping 11.5% yield. That yield is almost 6x the average found among S&P-listed companies, and far outpaces the >1% that Treasuries are currently yielding.Writing for Goldman Sachs, analyst Stephen Grambling says of FUN, “We anticipate three factors to drive a faster recovery vs. peers near-term, as well as, position the company longer-term to drive upside to consensus estimates: 1) FUN parks currently have near the lowest exposure to COVID cases and unemployment; 2) FUN has historically had the lowest operating leverage of the peer group…; 3) the company’s focus on events to drive newness should sustain market share longer-term.”Grambling likes what he sees here, and rates the stock a Buy along with a $43 price target. This target implies a robust one-year upside potential of 33%. (To watch Grambling’s track record, click here)All in all, the analyst consensus rating on FUN is a Strong Buy, based on 8 reviews. These include 6 Buys against just 2 Holds. The current share price is $32.45; the $34.88 average price target suggests just an 7.5% upside, implying more caution here than Grambling believes is needed. (See Cedar Fair stock analysis on TipRanks)Six Flags Entertainment (SIX)Finally, we look at Goldman Sachs' Sell call. The famous park operator Six Flags is a stock that the firm says you should be wary of. The reason?Goldman Sachs' Stephen Grambling points out that in the states where Six Flags operates, the park chain has a high exposure to COVID-19 cases and to locally severe unemployment, and that the company has been required to spend capital on material reinvestment to combat stagnating organic attendance; both factors will make it difficult for SIX to bounce back from the coronavirus."SIX has exposure to states and regions that currently face the highest rates of COVID-19 infection and economic pressures. In addition [...] SIX has been vocal in the need to reinvest in the park experience and attractions to reinvigorate growth (even before COVID-19 impacts were felt), which likely limits flow-through on reopening, in our view," Grambling wrote.To put some numbers on the hit SIX took, the stock is still down 48% year-to-date, and Q1 saw an EPS net loss of $1. That said, SIX, like FUN, sees its worst quarter in the winter, due to cyclical park closures, and that $1 per share loss was not as deep as was expected.At $22, Grambling's price target implies about 6% downside to SIX shares, and backs his Sell rating. (To watch Grambling’s track record, click here)Even in its current straits, SIX shares have a Moderate Buy rating from the analyst consensus. This is based on 6 Buys and 7 Holds… and Grambling’s Sell. The stock is priced at $23.33, and the average price target of $19.95 indicates a likely 14.5% drop this year. (See Six Flags stock analysis on TipRanks)To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

  • Coronavirus Pushes Online Grocery Sales in May: 4 Stocks to Buy
    Zacks

    Coronavirus Pushes Online Grocery Sales in May: 4 Stocks to Buy

    Growth in May was driven by retailers that expanded their capacity to handle more online orders, by offering more time slots for delivery, hiring additional workers and reconfiguring stores.

  • GlobeNewswire

    Grocery Outlet Holding Corp. Announces Common Stock Distribution by Hellman & Friedman to Complete Exit

    Grocery Outlet Holding Corp. (GO) (the “Company”) today announced that the stockholder affiliated with Hellman & Friedman LLC (“Hellman & Friedman”), the Company’s private equity sponsor, has elected to distribute the remainder of its holdings representing 9.6 million shares of the Company’s common stock to its equity holders. “Over that time, we have expanded our leadership team and strengthened our supply chain and corporate infrastructure in order to support our long-term growth objectives.”

  • Moving Average Crossover Alert: Grocery Outlet
    Zacks

    Moving Average Crossover Alert: Grocery Outlet

    Grocery Outlet Holding Corp. (GO) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

  • Grocery Outlet driving new customers with bargain pricing as food costs rise elsewhere
    MarketWatch

    Grocery Outlet driving new customers with bargain pricing as food costs rise elsewhere

    Grocery Outlet Holding Corp. could become the go-to supermarket for many bargain-hunting new customers who find food prices rising elsewhere, Cowen analysts say. Grocery Outlet (GO)  is an “extreme value” supermarket chain with 350 stores across California, Pennsylvania, Washington and a few other states. Grocery Outlet stock began trading in June 2019.

  • Grocery Outlet (GO) Q1 2020 Earnings Call Transcript
    Motley Fool

    Grocery Outlet (GO) Q1 2020 Earnings Call Transcript

    Good afternoon, everyone, and thank you for joining us on today's call to discuss Grocery Outlet's first-quarter financial results. Participants on this call will make forward-looking statements, which are subject to various risks and uncertainties that could cause our actual results to differ materially from these statements. Any such items, including our outlook for fiscal 2020 and future performance, should be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995.

  • Coronavirus update: U.S. death toll tops 81,000; Trump defends administration’s record in testy exchange with reporters
    MarketWatch

    Coronavirus update: U.S. death toll tops 81,000; Trump defends administration’s record in testy exchange with reporters

    The U.S. death toll from the coronavirus that causes COVID-19 climbed above 81,000 on Tuesday, as President Donald Trump, defending his record on testing in the U.S., ended his White House news conference abruptly following an angry exchange with two reporters.

  • Benzinga

    Why Grocery Outlet's Stock Is Trading Higher Today

    Grocery Outlet (NASDAQ: GO) shares are trading higher on Tuesday after reporting first-quarter earnings.Grocery Outlet reported quarterly earnings of 36c cents per share, which beat the analyst consensus estimate of 25 cents. The company reported quarterly sales of $760.3 million, which beat the analyst consensus estimate of $755.59 million.Deutsche Bank maintained a Buy rating and raised its price target from $42 to $43. Morgan Stanley maintained an Equal-Weight rating, but raised its price target from $38 to $41.Grocery Outlet is a grocery store operator in the U.S. Its buying model allows the company to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers.View more earnings on GOGrocery Outlet shares were trading up 3.48% at $37.95 on Tuesday. The stock has a 52-week range between $47.57 and $27.75.Related links:Grocery Outlet Trades Lower On Mixed Q3 Preliminary ResultsGrocery Outlet Holding Opens Well Above IPO PriceLatest Ratings for GO DateFirmActionFromTo May 2020UBSMaintainsNeutral May 2020Deutsche BankMaintainsBuy May 2020Morgan StanleyMaintainsEqual-Weight View More Analyst Ratings for GO View the Latest Analyst RatingsSee more from Benzinga * Why Athene's Stock Is Trading Lower Today * Why MyoKardia's Stock Is Trading Higher Today * Why Peloton's Stock Is Trading Higher Today(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

  • The Zacks Analyst Blog Highlights: LOGI, GO, GFL, HCAT and VIE
    Zacks

    The Zacks Analyst Blog Highlights: LOGI, GO, GFL, HCAT and VIE

    The Zacks Analyst Blog Highlights: LOGI, GO, GFL, HCAT and VIE

  • Grocery Outlet (GO) Q1 Earnings Beat Estimates, Increase Y/Y
    Zacks

    Grocery Outlet (GO) Q1 Earnings Beat Estimates, Increase Y/Y

    Grocery Outlet's (GO) first-quarter 2020 sales gain from comparable-store sales growth. Through the first five weeks of the second quarter, comparable-store sales growth is tracking in the mid-teens.

  • GlobeNewswire

    Grocery Outlet Holding Corp. Announces First Quarter Fiscal 2020 Financial Results

    Net sales increased 25.4% to $760.3 million Comparable store sales increased 17.4% Net income increased 235.0% to $12.6 million; Adjusted net income (1) increased 242.2% to.

  • Should You Buy Grocery Outlet (GO) Ahead of Earnings?
    Zacks

    Should You Buy Grocery Outlet (GO) Ahead of Earnings?

    Grocery Outlet (GO) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

  • Will Grocery Outlet Holding Corp (GO) Beat Estimates Again in Its Next Earnings Report?
    Zacks

    Will Grocery Outlet Holding Corp (GO) Beat Estimates Again in Its Next Earnings Report?

    Grocery Outlet Holding Corp (GO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • 5 Consumer Staple Stocks to Trump Earnings Despite Coronavirus
    Zacks

    5 Consumer Staple Stocks to Trump Earnings Despite Coronavirus

    Several players in the Consumer Staples sector have been benefiting from increased demand owing to the coronavirus-led stockpiling. We have selected five stocks with an earnings beat potential.

  • Factors to Know Ahead of Grocery Outlet's (GO) Q1 Earnings
    Zacks

    Factors to Know Ahead of Grocery Outlet's (GO) Q1 Earnings

    Grocery Outlet's (GO) first-quarter 2020 net sales are likely to have increased due to coronavirus-led demand.

  • GlobeNewswire

    Grocery Outlet Holding Corp. Announces First Quarter Fiscal 2020 Earnings Release and Conference Call Date

    EMERYVILLE, Calif., April 27, 2020 -- Grocery Outlet Holding Corp. (NASDAQ: GO) (“Grocery Outlet”) today announced that its financial results for the first quarter of fiscal.

  • GlobeNewswire

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

    EMERYVILLE, Calif., April 22, 2020 -- Grocery Outlet Holding Corp. (NASDAQ: GO) (the “Company”) today announced the pricing of an underwritten public offering by certain.

  • Netflix's subscriber growth in Europe 'is the area to watch' as earnings season kicks off
    Yahoo Finance Video

    Netflix's subscriber growth in Europe 'is the area to watch' as earnings season kicks off

    As earnings season gets underway, investors are expecting reports from Chipotle and Netflix after Tuesday's market close. Chris Versace, Tematica Research Chief Investment Officer, joins Yahoo Finance to discuss the latest earnings reports and what to expect next.

  • GlobeNewswire

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

    Grocery Outlet Holding Corp. (GO) (the “Company”) today announced that certain selling stockholders of the Company, including the selling stockholder affiliated with Hellman & Friedman LLC (the “H&F Investor”), have commenced an underwritten public offering of 10,000,000 shares of the Company’s common stock pursuant to a registration statement filed with the Securities and Exchange Commission. Additionally, the H&F Investor intends to grant the underwriters a 30-day option to purchase up to 1,500,000 additional shares of the Company’s common stock. 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.

  • GlobeNewswire

    Grocery Outlet Holding Corp. Announces Preliminary First Quarter 2020 Results

    First Quarter 2020 net sales increased 25.4% to $760.3 millionComparable store sales increased 17.4% EMERYVILLE, Calif., April 20, 2020 -- Grocery Outlet Holding Corp..

  • GlobeNewswire

    Global eSports Market Outlook to 2024 - Increasing Awareness & Monetization Opportunities for Players, Growing Number of Tournaments with Large Prize Money

    Dublin, April 08, 2020 -- The "Esports: Douyu, Huya, Twitch and YouTube" report has been added to ResearchAndMarkets.com's offering.The global gaming industry is.

  • GlobeNewswire

    Esports: Douyu, Huya, Twitch and YouTube

    New York, April 07, 2020 -- Reportlinker.com announces the release of the report "Esports: Douyu, Huya, Twitch and YouTube" -.