Grocery Outlet Holding Corp. (NASDAQ: GO) closed the day trading at $29.11 down -3.32% from the previous closing price of $30.11. In other words, the price has decreased by -$1.00 from its previous closing price. On the day, 638671 shares were traded. GO stock price reached its highest trading level at $29.89 during the session, while it also had its lowest trading level at $29.04.
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For a better understanding of GO, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 34.96 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.23. For the most recent quarter (mrq), Quick Ratio is recorded 0.40 and its Current Ratio is at 1.40. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.28.
Upgrades & Downgrades
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on May 23 when Lindberg Eric J. Jr. sold 79,852 shares for $30.00 per share. The transaction valued at 2,395,560 led to the insider holds 31,779 shares of the business.
Thompson Luke D sold 1,331 shares of GO for $39,332 on May 23. The SVP, GC and Secretary now owns 21,790 shares after completing the transaction at $29.55 per share. On May 15, another insider, Herman Thomas F, who serves as the Director of the company, sold 2,000 shares for $30.35 each. As a result, the insider received 60,700 and left with 27,400 shares of the company.
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GO now has a Market Capitalization of 3.08B and an Enterprise Value of 4.39B. As of this moment, Grocery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 43.51, and their Forward P/E ratio for the next fiscal year is 25.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.77 while its Price-to-Book (P/B) ratio in mrq is 2.53. Its current Enterprise Value per Revenue stands at 1.18 whereas that against EBITDA is 24.00.
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 29.01, while the 200-Day Moving Average is calculated to be 31.43.
Over the past 3-months, GO traded about 1.08M shares per day on average, while over the past 10 days, GO traded about 808.37k shares per day. A total of 97.92M 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 Apr 27, 2023 were 9.43M with a Short Ratio of 9.21M, compared to 9.68M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 9.65% and a Short% of Float of 12.00%.
Current recommendations for the stock of the company come from 13 analysts. On average, analysts expect EPS of $0.26 for the current quarter, with a high estimate of $0.28 and a low estimate of $0.23, while EPS last year was $0.29. The consensus estimate for the next quarter is $0.25, with high estimates of $0.27 and low estimates of $0.23.
Analysts are recommending an EPS of between $1.03 and $0.97 for the fiscal current year, implying an average EPS of $1. EPS for the following year is $1.14, with 12 analysts recommending between $1.28 and $1.09.
12 analysts predict $974.91M in revenue for the current quarter. It ranges from a high estimate of $979M to a low estimate of $970.1M. As of the current estimate, Grocery Outlet Holding Corp.’s year-ago sales were $897.66M, an estimated increase of 8.60% from the year-ago figure. For the next quarter, 12 analysts are estimating revenue of $978.79M, an increase of 11.10% over than the figure of $8.60% in the same quarter last year. There is a high estimate of $990M for the next quarter, whereas the lowest estimate is $968.64M.
A total of 13 analysts have provided revenue estimates for GO’s current fiscal year. The highest revenue estimate was $3.94B, while the lowest revenue estimate was $3.89B, resulting in an average revenue estimate of $3.91B. In the same quarter a year ago, actual revenue was $3.58B, up 9.20% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $4.29B in the next fiscal year. The high estimate is $4.39B and the low estimate is $4.21B. The average revenue growth estimate for next year is up 9.80% from the average revenue estimate for this year.