In spite of Grocery Outlet Holding Corp.’s (NASDAQ:GO) recent upswing, most analysts remain bearish.

As of close of business last night, Grocery Outlet Holding Corp.’s stock clocked out at $27.15, up 0.44% from its previous closing price of $27.03. In other words, the price has increased by $+0.12 from its previous closing price. On the day, 1134510 shares were traded. GO stock price reached its highest trading level at $27.71 during the session, while it also had its lowest trading level at $26.98.

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To gain a deeper understanding of GO’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.30 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 49.20. For the most recent quarter (mrq), Quick Ratio is recorded 0.50 and its Current Ratio is at 1.70. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.34.

Upgrades & Downgrades

On December 20, 2022, Credit Suisse started tracking the stock assigning a Neutral rating and target price of $30.

Morgan Stanley Downgraded its Equal-Weight to Underweight on August 23, 2022, whereas the target price for the stock was revised from $29 to $33.

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 10 when Ragatz Erik D. bought 689 shares for $26.70 per share. The transaction valued at 18,396 led to the insider holds 259,785 shares of the business.

Ragatz Erik D. bought 20,000 shares of GO for $545,000 on Mar 07. The Director now owns 259,096 shares after completing the transaction at $27.25 per share. On Mar 06, another insider, Ragatz Erik D., who serves as the Director of the company, bought 73,200 shares for $27.27 each. As a result, the insider paid 1,996,434 and bolstered with 239,096 shares of the company.

Valuation Measures:

As of this moment, Grocery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 41.83, and their Forward P/E ratio for the next fiscal year is 24.35. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.75 while its Price-to-Book (P/B) ratio in mrq is 2.38.

Stock Price History:

Over the past 52 weeks, GO has reached a high of $46.37, while it has fallen to a 52-week low of $25.71. The 50-Day Moving Average of the stock is 28.98, while the 200-Day Moving Average is calculated to be 34.76.

Shares Statistics:

It appears that GO traded 1.03M shares on average per day over the past three months and 1.48M shares per day over the past ten days. A total of 97.49M shares are outstanding, with a floating share count of 88.83M. Insiders hold about 0.60% of the company’s shares, while institutions hold 99.90% stake in the company. Shares short for GO as of Jan 12, 2023 were 9.14M with a Short Ratio of 9.72M, compared to 8.25M on Dec 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 9.39% and a Short% of Float of 11.69%.

Earnings Estimates

As of right now, 14 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $0.23 for the current quarter, with a high estimate of $0.24 and a low estimate of $0.22, while EPS last year was $0.2. The consensus estimate for the next quarter is $0.25, with high estimates of $0.28 and low estimates of $0.21.

Analysts are recommending an EPS of between $1.01 and $0.99 for the fiscal current year, implying an average EPS of $1. EPS for the following year is $1.14, with 14 analysts recommending between $1.25 and $1.

Revenue Estimates

In the current quarter, 12 analysts expect revenue to total $906.51M. It ranges from a high estimate of $915M to a low estimate of $888.47M. As of the current estimate, Grocery Outlet Holding Corp.’s year-ago sales were $782.7M, an estimated increase of 15.80% from the year-ago figure. For the next quarter, 8 analysts are estimating revenue of $926.46M, an increase of 11.40% less than the figure of $15.80% in the same quarter last year. There is a high estimate of $964.62M for the next quarter, whereas the lowest estimate is $895.7M.

A total of 13 analysts have provided revenue estimates for GO’s current fiscal year. The highest revenue estimate was $3.56B, while the lowest revenue estimate was $3.55B, resulting in an average revenue estimate of $3.56B. In the same quarter a year ago, actual revenue was $3.08B, up 15.50% from the average estimate. Based on 13 analysts’ estimates, the company’s revenue will be $3.92B in the next fiscal year. The high estimate is $3.96B and the low estimate is $3.86B. The average revenue growth estimate for next year is up 10.30% from the average revenue estimate for this year.