After finishing at $28.18 in the prior trading day, Grocery Outlet Holding Corp (NASDAQ: GO) closed at $28.49, up 1.10%. In other words, the price has increased by $+0.31 from its previous closing price. On the day, 1651946 shares were traded.
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Ratios:
Our goal is to gain a better understanding of GO by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.59 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 21.03. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 1.35. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 1.09.
On February 28, 2024, Telsey Advisory Group reiterated its Outperform rating and also upped its target price recommendation from $40 to $37.
Goldman Downgraded its Buy to Sell on December 12, 2023, whereas the target price for the stock was revised from $33 to $24.
Insider Transactions:
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 Mar 20 ’24 when Wilson Steven K. sold 30,000 shares for $28.07 per share. The transaction valued at 842,100 led to the insider holds 180,931 shares of the business.
Wilson Steven K. sold 32,017 shares of GO for $887,975 on Mar 19 ’24. The EVP, Chief Purchasing Officer now owns 210,931 shares after completing the transaction at $27.73 per share. On Mar 18 ’24, another insider, Bortner Andrea Renee, who serves as the insider of the company, sold 8,300 shares for $26.61 each. As a result, the insider received 220,863 and left with 26,765 shares of the company.
Valuation Measures:
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 2.83B and an Enterprise Value of 4.11B. As of this moment, Grocery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.16, and their Forward P/E ratio for the next fiscal year is 22.33. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.32. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.71 while its Price-to-Book (P/B) ratio in mrq is 2.32. Its current Enterprise Value per Revenue stands at 1.03 whereas that against EBITDA is 19.10.
Stock Price History:
Over the past 52 weeks, GO has reached a high of $36.54, while it has fallen to a 52-week low of $23.41. The 50-Day Moving Average of the stock is 26.08, while the 200-Day Moving Average is calculated to be 28.79.
Shares Statistics:
The stock has traded on average 1.27M shares per day over the past 3-months and 1.47M shares per day over the last 10 days, according to various share statistics. A total of 99.22M shares are outstanding, with a floating share count of 95.21M. Insiders hold about 4.05% of the company’s shares, while institutions hold 100.74% stake in the company. Shares short for GO as of Feb 29, 2024 were 5.97M with a Short Ratio of 4.69, compared to 7.33M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.02% and a Short% of Float of 6.25%.
Earnings Estimates
Its stock is currently analyzed by 12 different market analysts. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $0.23 and a low estimate of $0.16, while EPS last year was $0.27. The consensus estimate for the next quarter is $0.31, with high estimates of $0.35 and low estimates of $0.25.
Analysts are recommending an EPS of between $1.2 and $1.11 for the fiscal current year, implying an average EPS of $1.17. EPS for the following year is $1.28, with 11 analysts recommending between $1.39 and $1.17.
Revenue Estimates
11 analysts predict $1.02B in revenue for the current quarter. It ranges from a high estimate of $1.05B to a low estimate of $1.01B. As of the current estimate, Grocery Outlet Holding Corp’s year-ago sales were $965.47M, an estimated increase of 5.90% from the year-ago figure.
A total of 12 analysts have provided revenue estimates for GO’s current fiscal year. The highest revenue estimate was $4.41B, while the lowest revenue estimate was $4.23B, resulting in an average revenue estimate of $4.34B. In the same quarter a year ago, actual revenue was $3.97B, up 9.20% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $4.73B in the next fiscal year. The high estimate is $4.79B and the low estimate is $4.63B. The average revenue growth estimate for next year is up 9.20% from the average revenue estimate for this year.
