The stock of Grocery Outlet Holding Corp (NASDAQ:GO) last traded at $14.30, up 2.88% from the previous session.
GO stock price is now -15.08% away from the 50-day moving average and -34.89% away from the 200-day moving average. The market capitalization of the company currently stands at $1.40B.
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With the price target reduced from $27 to $19, Telsey Advisory Group Downgraded its rating from Outperform to Market Perform for Grocery Outlet Holding Corp (NASDAQ: GO). On October 30, 2024, BofA Securities Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $29 to quote $17, while ‘Loop Capital’ rates the stock as ‘Hold’
In other news, Lindberg Eric J. Jr., Director sold 200,095 shares of the company’s stock on Sep 19 ’24. The stock was sold for $3,259,548 at an average price of $16.29. Upon completion of the transaction, the Director now directly owns 70,938 shares in the company, valued at $1.01 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 19 ’24, Director Lindberg Eric J. Jr. bought 200,095 shares of the business’s stock. A total of $3,258,586 was incurred on buying the stock at an average price of $16.29. A total of 4.26% of the company’s stock is owned by insiders.
During the past 12 months, Grocery Outlet Holding Corp has had a low of $13.60 and a high of $29.98. As of last week, the company has a debt-to-equity ratio of 1.25, a current ratio of 1.29, and a quick ratio of 0.29. According to the stock market information, the enterprise value for the company is $2860335616, which is based on a 26.61 price-to-earnings ratio, a 7.83 price-to-earnings-growth ratio, and a beta of 0.11. The fifty day moving average price for GO is $16.8402 and a two-hundred day moving average price translates $21.96275 for the stock.
The latest earnings results from Grocery Outlet Holding Corp (NASDAQ: GO) was released for 2024-06-29. The net profit margin was 1.30% and return on equity was 4.55% for GO. The company reported revenue of $1.13 billion for the quarter, compared to $1.01 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.71 percent.
