Quarterly Snapshot: Quick and Current Ratios for Grocery Outlet Holding Corp (GO)

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The closing price of Grocery Outlet Holding Corp (NASDAQ: GO) was $19.77 for the day, down -5.36% from the previous closing price of $20.89. In other words, the price has decreased by -$5.36 from its previous closing price. On the day, 2.8 million shares were traded. GO stock price reached its highest trading level at $21.23 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 29.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 47.81. 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 08, 2024, 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 May 10 ’24 when Ragatz Erik D. bought 100,000 shares for $20.91 per share. The transaction valued at 2,090,616 led to the insider holds 429,785 shares of the business.

Herman Thomas F sold 1,000 shares of GO for $29,000 on Mar 27 ’24. The Director now owns 10,400 shares after completing the transaction at $29.00 per share. On Mar 22 ’24, another insider, Ragatz Erik D., who serves as the Director of the company, bought 36,500 shares for $28.25 each. As a result, the insider paid 1,031,016 and bolstered with 36,500 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 1974265728 and an Enterprise Value of 3305983744. As of this moment, Grocery’s Price-to-Earnings (P/E) ratio for their current fiscal year is 30.84, and their Forward P/E ratio for the next fiscal year is 16.63. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 3.37. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.49 while its Price-to-Book (P/B) ratio in mrq is 1.62. Its current Enterprise Value per Revenue stands at 0.818 whereas that against EBITDA is 17.801.

Stock Price History:

The Beta on a monthly basis for GO is 0.10, which has changed by -0.3515907 over the last 52 weeks, in comparison to a change of 0.2704494 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 $19.73. The 50-Day Moving Average of the stock is -25.61%, while the 200-Day Moving Average is calculated to be -29.48%.

Shares Statistics:

GO traded an average of 1.48M shares per day over the past three months and 2640570 shares per day over the past ten days. A total of 99.22M shares are outstanding, with a floating share count of 95.84M. Insiders hold about 4.03% of the company’s shares, while institutions hold 97.74% stake in the company. Shares short for GO as of 1714435200 were 7634366 with a Short Ratio of 5.17, compared to 1711584000 on 7019352. Therefore, it implies a Short% of Shares Outstanding of 7634366 and a Short% of Float of 7.89.

Earnings Estimates

The stock of Grocery Outlet Holding Corp (GO) is currently being evaluated by 12.0 analysts who are actively contributing to its market rating.On average, analysts expect EPS of $0.2 for the current quarter, with a high estimate of $0.24 and a low estimate of $0.19, while EPS last year was $0.32. The consensus estimate for the next quarter is $0.34, with high estimates of $0.35 and low estimates of $0.31.

Analysts are recommending an EPS of between $0.95 and $0.87 for the fiscal current year, implying an average EPS of $0.92. EPS for the following year is $1.15, with 12.0 analysts recommending between $1.29 and $1.02.

Revenue Estimates

For the next quarter, 11 analysts are estimating revenue of $1.12B. There is a high estimate of $1.13B 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 $4.41B, while the lowest revenue estimate was $4.32B, resulting in an average revenue estimate of $4.35B. In the same quarter a year ago, actual revenue was $3.97BBased on 12 analysts’ estimates, the company’s revenue will be $4.76B in the next fiscal year. The high estimate is $4.86B and the low estimate is $4.66B.

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