Analysts Issue Research Notes On Grocery Outlet Holding Corp. (GO)


Grocery Outlet Holding Corp. (NASDAQ:GO) finished Friday with a subtraction of -$0.13 to close at $29.19, a downside of -0.44 percent. An average of 722,680 shares of common stock have been traded in the last five days. There was a fall of -$0.14 in the past week, and it reached a new high 41 times over the past 12 months. The last 20 days have seen an average of 1,105,940 shares traded, while the 50-day average volume stands at 1,202,808.

GO stock has decreased by -3.57% in the last month. The company shares reached their 1-month lowest point of $28.20 on 12/08/22. With the stock rallying to its 52-week high on 08/08/22, shares of the company touched a low of $23.69 and a high of $46.37 in 52 weeks. It has reached a new high 40 times so far this year and achieved 3.22% or $0.91 in price. In spite of this, the price is down -37.05% from the 52-week high.

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Insider Transactions

GO stock investors should be aware that Grocery Outlet Holding Corp. (GO) stock had its last reported insider trading activity 16 days ago on Dec 15. In this transaction, the insider spent $60,100. VP Corporate Controller, Gray Lindsay E., disposed of 1,535 shares at a price of $30.86 on Nov 22. The insider now owns more than $47,370 worth of shares. Prior to that, Director Herman Thomas F went on to Sale 2,000 shares at $31.69 each on Nov 16. An amount of $63,383 was transacted.

Valuation Metrics

Grocery Outlet Holding Corp. (GO) has a trailing price-to-earnings (P/E) ratio of 52.31. The stock’s beta is -0.06. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.82, the price-to-book (PB) ratio at 2.61, and the price-to-cash flow ratio at 63.14.

Financial Health

The quick ratio of Grocery Outlet Holding Corp. for the three months ended September 29 was 0.50, and the current ratio was 1.60, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.35 and a total debt to equity ratio of 0.00 for the quarter ending September 29. Its gross profit as reported stood at $948.79 million compared to revenue of $3.08 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Grocery Outlet Holding Corp.’s return on assets was 2.10%.

Earnings Surprise

For the three-month period that ended September 29, Grocery Outlet Holding Corp. had $379.26 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $17.5 million in the quarter, while revenues were grew 2.06%. The analyst consensus anticipated Grocery Outlet Holding Corp.’s latest quarter earnings to come in at $0.26 per share, but it turned out to be $0.27, a 3.80% surprise. For the quarter, EBITDA amounted to $45.38 million. Shareholders own equity worth $97.28 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Grocery Outlet Holding Corp. (GO) price momentum. RSI 9-day as of the close on 30 December was 45.50%, suggesting the stock is Neutral, with historical volatility in this time frame at 41.32%.

As of today, GO’s price is $29.20 -0.48% or -$0.14 from its 5-day moving average. GO is currently trading -4.51% lower than its 20-day SMA and -35.02% lower than its 100-day SMA. However, the stock’s current price level is -10.10% below the SMA50 and -6.20% below the SMA200.

The stochastic %K and %D were 31.96% and 31.23%, respectively, and the average true range (ATR) was 0.97. With the 14-day stochastic at 30.71% and the average true range at 1.03, the RSI (14) stands at 44.87%. The stock has reached -0.21 on the 9-day MACD Oscillator while the 14-day reading was at -0.42.

Analyst Ratings

Credit Suisse launched coverage on Grocery Outlet Holding Corp. (NASDAQ: GO) in its analyst report released on December 20, 2022. The firm assigned the stock a Neutral rating. The consensus rating for Grocery Outlet Holding Corp. (GO) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell GO, while 7 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.

What is GO’s price target for the next 12 months?

Analysts predict a range of price targets between $30.00 and $53.00, with a median target of $38.00. Taking a look at these predictions, the average price target given by analysts for Grocery Outlet Holding Corp. (GO) stock is $38.77.


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