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The closing price of Grocery Outlet Holding Corp (NASDAQ: GO) was $20.88 for the day, down -19.38% from the previous closing price of $25.90. In other words, the price has decreased by -$19.38 from its previous closing price. On the day, 10.72 million shares were traded. GO stock price reached its highest trading level at $21.68 during the session, while it also had its lowest trading level at $19.73.
Ratios:
Our analysis of GO’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 31.24 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 54.57. For the most recent quarter (mrq), Quick Ratio is recorded 0.30 and its Current Ratio is at 1.25. In the meantime, Its Debt-to-Equity ratio is 1.14 whereas as Long-Term Debt/Eq ratio is at 1.09.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on May-09-24, Reiterated its Outperform rating but revised its target price to $31 from $37 previously.
On February 28, 2024, Craig Hallum Upgraded its rating to Buy which previously was Hold but kept the price unchanged to $36.
Telsey Advisory Group reiterated its Outperform rating for the stock on February 28, 2024, while the target price for the stock was revised from $40 to $37.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Mar 27 ’24 when Herman Thomas F sold 1,000 shares for $29.00 per share. The transaction valued at 29,000 led to the insider holds 10,400 shares of the business.
Ragatz Erik D. bought 36,500 shares of GO for $1,031,016 on Mar 22 ’24. The Director now owns 36,500 shares after completing the transaction at $28.25 per share. On Mar 22 ’24, another insider, Wilson Steven K., who serves as the EVP, Chief Purchasing Officer of the company, sold 7,152 shares for $28.25 each. As a result, the insider received 202,044 and left with 158,779 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 2089816448 and an Enterprise Value of 3909285888. As of this moment, Grocery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.57, and their Forward P/E ratio for the next fiscal year is 17.60. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.99. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.52 while its Price-to-Book (P/B) ratio in mrq is 1.70. Its current Enterprise Value per Revenue stands at 0.967 whereas that against EBITDA is 21.049.
Stock Price History:
The Beta on a monthly basis for GO is 0.13, which has changed by -0.17777777 over the last 52 weeks, in comparison to a change of 0.2537824 over the same period for the S&P500. 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 -22.35%, while the 200-Day Moving Average is calculated to be -26.02%.
Shares Statistics:
GO traded an average of 1.27M shares per day over the past three months and 1171050 shares per day over the past ten days. A total of 99.22M shares are outstanding, with a floating share count of 96.06M. Insiders hold about 4.03% of the company’s shares, while institutions hold 99.37% stake in the company. Shares short for GO as of 1713139200 were 7731840 with a Short Ratio of 6.08, compared to 1710460800 on 6434142. Therefore, it implies a Short% of Shares Outstanding of 7731840 and a Short% of Float of 8.0.
Earnings Estimates
The current market rating for Grocery Outlet Holding Corp (GO) reflects the collective analysis of 12.0 analysts closely monitoring its performance.On average, analysts expect EPS of $0.31 for the current quarter, with a high estimate of $0.35 and a low estimate of $0.25, while EPS last year was $0.32. The consensus estimate for the next quarter is $0.37, with high estimates of $0.4 and low estimates of $0.34.
Analysts are recommending an EPS of between $1.21 and $1.11 for the fiscal current year, implying an average EPS of $1.17. EPS for the following year is $1.28, with 11.0 analysts recommending between $1.39 and $1.17.
Revenue Estimates
For the next quarter, 11 analysts are estimating revenue of $1.12B. There is a high estimate of $1.14B for the next quarter, whereas the lowest estimate is $1.1B.
A total of 12 analysts have provided revenue estimates for GO’s current fiscal year. The highest revenue estimate was $4.42B, 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 $3.97BBased on 11 analysts’ estimates, the company’s revenue will be $4.73B in the next fiscal year. The high estimate is $4.8B and the low estimate is $4.63B.
