Grocery Outlet Holding Corp. [NASDAQ: GO] price plunged by -2.38 percent to reach at -$0.81. A sum of 1482178 shares traded at recent session while its average daily volume was at 1.38M shares. Grocery Outlet Holding Corp. shares reached a high of $34.34 and dropped to a low of $32.83 until finishing in the latest session at $33.16.
The one-year GO stock forecast points to a potential upside of 24.81. The average equity rating for GO stock is currently 2.30, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Grocery Outlet Holding Corp. [GO]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for GO shares is $44.10 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on GO stock is a recommendation set at 2.30. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Goldman have made an estimate for Grocery Outlet Holding Corp. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on May 15, 2020. While these analysts kept the previous recommendation, Craig Hallum raised their target price to Buy. The new note on the price target was released on January 29, 2020, representing the official price target for Grocery Outlet Holding Corp. stock. Previously, the target price had yet another raise from $37 to $40, while BofA/Merrill kept a Neutral rating on GO stock.
The Average True Range (ATR) for Grocery Outlet Holding Corp. is set at 1.52, with the Price to Sales ratio for GO stock in the period of the last 12 months amounting to 1.14. The Price to Book ratio for the last quarter was 3.78, with the Price to Cash per share for the same quarter was set at 1.72. Price to Free Cash Flow for GO in the course of the last twelve months was 45.60 with Quick ratio for the last quarter at 1.00.
GO Stock Performance Analysis:
Grocery Outlet Holding Corp. [GO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.80. With this latest performance, GO shares dropped by -11.55% in over the last four-week period, additionally plugging by 4.34% over the last 6 months .
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for GO stock in for the last two-week period is set at 37.51, with the RSI for the last a single of trading hit 32.80, and the three-weeks RSI is set at 41.63 for Grocery Outlet Holding Corp. [GO]. The present Moving Average for the last 50 days of trading for this stock 35.52, while it was recorded at 33.50 for the last single week of trading, and 33.84 for the last 200 days.
Insight into Grocery Outlet Holding Corp. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Grocery Outlet Holding Corp. [GO] shares currently have an operating margin of +2.69 and a Gross Margin at +28.88. Grocery Outlet Holding Corp.’s Net Margin is presently recorded at +0.60.
Return on Total Capital for GO is now 4.36, given the latest momentum, and Return on Invested Capital for the company is 0.99. Return on Equity for this stock inclined to 2.95, with Return on Assets sitting at 0.79. When it comes to the capital structure of this company, Grocery Outlet Holding Corp. [GO] has a Total Debt to Total Equity ratio set at 168.23. Additionally, GO Total Debt to Total Capital is recorded at 62.72, with Total Debt to Total Assets ending up at 51.11. Long-Term Debt to Equity for the company is recorded at 163.07, with the Long-Term Debt to Total Capital now at 60.79.
Reflecting on the efficiency of the workforce at the company, Grocery Outlet Holding Corp. [GO] managed to generate an average of $18,204 per employee. Receivables Turnover for the company is 301.54 with a Total Asset Turnover recorded at a value of 1.32.Grocery Outlet Holding Corp.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.00 and a Current Ratio set at 1.90.
GO Stock EPS
With the latest financial reports released by the company, Grocery Outlet Holding Corp. posted 0.2/share EPS, while the average EPS was predicted by analysts to be reported at 0.13/share.When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 53.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for GO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Grocery Outlet Holding Corp. go to 11.65%.
Grocery Outlet Holding Corp. [GO] Insider Position Details
There are presently around $2,950 million, or 65.70% of GO stock, in the hands of institutional investors. The top three institutional holders of GO stocks are: H&F CORPORATE INVESTORS VII, LTD. with ownership of 26,543,362, which is approximately -37.341% of the company’s market cap and around 0.80% of the total institutional ownership; JACKSON SQUARE PARTNERS, LLC, holding 5,638,933 shares of the stock with an approximate value of $191.56 million in GO stocks shares; and KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC, currently with $172.38 million in GO stock with ownership of nearly 4.06% of the company’s market capitalization.
Positions in Grocery Outlet Holding Corp. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 128 institutional holders increased their position in Grocery Outlet Holding Corp. [NASDAQ:GO] by around 24,719,714 shares. Additionally, 45 investors decreased positions by around 19,255,186 shares, while 6 investors held positions by with 42,869,245 shares. The mentioned changes placed institutional holdings at 86,844,145 shares, according to the latest SEC report filing. GO stock had 53 new institutional investments in for a total of 11,931,239 shares, while 18 institutional investors sold positions of 1,675,045 shares during the same period.