Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine. As of January 2, 2021, it had 380 stores in California, Washington, Oregon, Pennsylvania, Idaho, and Nevada. The company was founded in 1946 and is headquartered in Emeryville, California.
IPO Year: 2019
Exchange: NASDAQ
Website: groceryoutlet.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2024 | $25.00 → $16.00 | Buy → Hold | TD Cowen |
| 10/30/2024 | $27.00 → $19.00 | Outperform → Market Perform | Telsey Advisory Group |
| 10/30/2024 | $29.00 → $17.00 | Buy → Neutral | BofA Securities |
| 10/17/2024 | $17.00 | Hold | Loop Capital |
| 8/7/2024 | $31.00 → $27.00 | Outperform | Telsey Advisory Group |
| 7/31/2024 | $20.00 | Buy → Hold | Craig Hallum |
| 7/18/2024 | $28.00 | Overweight | Wells Fargo |
| 5/8/2024 | $37.00 → $31.00 | Outperform | Telsey Advisory Group |
| 2/28/2024 | $36.00 | Hold → Buy | Craig Hallum |
| 2/28/2024 | $40.00 → $37.00 | Outperform | Telsey Advisory Group |
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Q3 fiscal 2024 net sales increased 10.4%Q3 fiscal 2024 comparable store sales grew 1.2%, driven by a 2.0% increase in transactionsCompany updates key guidance for fiscal 2024 EMERYVILLE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the third quarter of fiscal 2024 ended September 28, 2024. Highlights for Third Quarter Fiscal 2024 as compared to Third Quarter Fiscal 2023: Net sales increased by 10.4% to $1.11 billion.Comparable store sales increased by 1.2%, driven by a 2.0% increase in the number of transactions, partially offset by a 0.7% decrease in average transaction
EMERYVILLE, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the third quarter of fiscal 2024 will be released after the market close on Tuesday, November 5, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within two hours of the conclusi
Q2 fiscal 2024 net sales increased 11.7%Q2 fiscal 2024 comparable store sales grew 2.9%, driven by a 5.1% increase in transactionsCompany updates key guidance for fiscal 2024 EMERYVILLE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the second quarter of fiscal 2024 ended June 29, 2024. Highlights for Second Quarter Fiscal 2024 as compared to Second Quarter Fiscal 2023: Net sales increased by 11.7% to $1.13 billion.Comparable store sales increased by 2.9%, driven by a 5.1% increase in the number of transactions, partially offset by a 2.1% decrease in average transaction size.In
EMERYVILLE, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the second quarter of fiscal 2024 will be released after the market close on Tuesday, August 6, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within two hours of the conclusio
Q1 fiscal 2024 net sales increased 7.4%Q1 fiscal 2024 comparable store sales grew 3.9%, driven by a 7.0% increase in transactionsCompany updates key guidance for fiscal 2024 EMERYVILLE, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the first quarter of fiscal 2024 ended March 30, 2024. Highlights for First Quarter Fiscal 2024 as compared to First Quarter Fiscal 2023: Net sales increased by 7.4% to $1.04 billion.Comparable store sales increased by 3.9%, driven by a 7.0% increase in the number of transactions, partially offset by a 2.9% decrease in average transaction size.The Com
EMERYVILLE, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the first quarter of fiscal 2024 will be released after the market close on Tuesday, May 7, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within two hours of the conclusion o
Q4 fiscal 2023 net sales increased 6.3%Q4 fiscal 2023 comparable store sales grew 2.7% driven by a 7.5% increase in transactionsCompany provides outlook for fiscal 2024 including impact of United Grocery Outlet pending acquisition EMERYVILLE, Calif., Feb. 27, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the fourth quarter and full fiscal year 2023 ended December 30, 2023. Highlights for Fourth Quarter Fiscal 2023 as compared to Fourth Quarter Fiscal 2022: Net sales increased by 6.3% to $989.8 million.Comparable store sales increased by 2.7%, driven by a 7.5% increase in the number of transacti
EMERYVILLE, Calif., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the fourth quarter and full fiscal 2023 year will be released after the market close on Tuesday, February 27, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within two hours of
Net sales increased 9.3%Comparable store sales increased 6.4%GAAP net income increased 55.1% with diluted EPS of $0.27Adjusted EBITDA(1) increased 20.0% to $68.1 millionCompany updates key guidance for fiscal 2023 EMERYVILLE, Calif., Nov. 07, 2023 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the third quarter of fiscal 2023 ended September 30, 2023. Highlights for Third Quarter Fiscal 2023 as compared to Third Quarter Fiscal 2022: Net sales increased by 9.3% to $1.00 billion.Comparable store sales increased by 6.4%, driven by a 8.6% increase in the number of transactions partially offset by a 1.9%
EMERYVILLE, Calif., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the third quarter of fiscal 2023 will be released after the market close on Tuesday, November 7, 2023. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within two hours of the conc
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Former CEO Eric Lindberg returning to lead the business while the Company conducts a search for its next CEO Company provides certain preliminary Q3 2024 results and update to full year 2024 guidance EMERYVILLE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced that Eric Lindberg, current Chairman of the Board, has been appointed Interim President and CEO, effective immediately. Lindberg replaces RJ Sheedy, who has stepped down from his position and resigned from the Company's Board of Directors. The Board has engaged a leading global executive search firm to begin the process of identifying a perma
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
EMERYVILLE, Calif., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") announced that it has appointed Ramesh Chikkala to the newly created position of EVP, Chief Operations Officer, effective January 22, 2024. This strategic appointment marks a significant milestone as Grocery Outlet continues to scale its business and add additional supply chain and business technology experience to its organization. In this newly created COO position, Mr. Chikkala will lead the Company's Supply Chain and Business Technology functions, reporting to RJ Sheedy, President and Chief Executive Officer. "Ramesh is an ideal fit for this new position w
EMERYVILLE, Calif., Nov. 08, 2022 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced that effective January 1, 2023, Eric Lindberg will transition from the role of Chief Executive Officer to Chairman of the Board, and RJ Sheedy, currently the Company's President, will become President and Chief Executive Officer. Mr. Sheedy also will be appointed to the Board, and Erik D. Ragatz, currently Chairman of the Board, will assume the role of Lead Independent Director. "There is no one better to lead Grocery Outlet into the next chapter of growth than RJ Sheedy. He is a strong business leader who takes a long-term strategic approach
EMERYVILLE, Calif., Sept. 02, 2022 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced the retirement of S. MacGregor Read, Jr., Vice Chairman of the Company's Board of Directors, effective September 1, 2022. "After 16 years of service on our Board and nearly 30 years as part of the Grocery Outlet team, the impact MacGregor has had on the trajectory and success of our business is unmatched," said Grocery Outlet CEO Eric Lindberg. "MacGregor has been a steadfast and strategic partner to me and the rest of the leadership team, helping build and solidify the most unique aspects of our business model – how we buy and how we sell."
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TD Cowen downgraded Grocery Outlet from Buy to Hold and set a new price target of $16.00 from $25.00 previously
Telsey Advisory Group downgraded Grocery Outlet from Outperform to Market Perform and set a new price target of $19.00 from $27.00 previously
BofA Securities downgraded Grocery Outlet from Buy to Neutral and set a new price target of $17.00 from $29.00 previously
Loop Capital initiated coverage of Grocery Outlet with a rating of Hold and set a new price target of $17.00
Telsey Advisory Group reiterated coverage of Grocery Outlet with a rating of Outperform and set a new price target of $27.00 from $31.00 previously
Craig Hallum downgraded Grocery Outlet from Buy to Hold and set a new price target of $20.00
Wells Fargo initiated coverage of Grocery Outlet with a rating of Overweight and set a new price target of $28.00
Telsey Advisory Group reiterated coverage of Grocery Outlet with a rating of Outperform and set a new price target of $31.00 from $37.00 previously
Craig Hallum upgraded Grocery Outlet from Hold to Buy and set a new price target of $36.00
Telsey Advisory Group reiterated coverage of Grocery Outlet with a rating of Outperform and set a new price target of $37.00 from $40.00 previously
Q3 fiscal 2024 net sales increased 10.4%Q3 fiscal 2024 comparable store sales grew 1.2%, driven by a 2.0% increase in transactionsCompany updates key guidance for fiscal 2024 EMERYVILLE, Calif., Nov. 05, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the third quarter of fiscal 2024 ended September 28, 2024. Highlights for Third Quarter Fiscal 2024 as compared to Third Quarter Fiscal 2023: Net sales increased by 10.4% to $1.11 billion.Comparable store sales increased by 1.2%, driven by a 2.0% increase in the number of transactions, partially offset by a 0.7% decrease in average transaction
Former CEO Eric Lindberg returning to lead the business while the Company conducts a search for its next CEO Company provides certain preliminary Q3 2024 results and update to full year 2024 guidance EMERYVILLE, Calif., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced that Eric Lindberg, current Chairman of the Board, has been appointed Interim President and CEO, effective immediately. Lindberg replaces RJ Sheedy, who has stepped down from his position and resigned from the Company's Board of Directors. The Board has engaged a leading global executive search firm to begin the process of identifying a perma
EMERYVILLE, Calif., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the third quarter of fiscal 2024 will be released after the market close on Tuesday, November 5, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within two hours of the conclusi
EMERYVILLE, Calif., Sept. 03, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company"), a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, announced today the official launch of its new private label program, GO Brands. GO Brands will feature products across three brands: SimplyGO, GO Home & Haven, and GO Paw & Pamper. The products will roll out across Grocery Outlet stores beginning this month, with 100 new private label SKUs available in stores by the end of the year under the SimplyGO and GO Home & Haven brands. GO Paw & Pamper will arrive in stores next year. "At Grocery Outlet we are committed to
EMERYVILLE, Calif., Aug. 14, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company"), a high-growth, extreme value retailer of quality, name-brand consumables and fresh products, today announced the publication of its second annual Impact Report covering fiscal year 2023. "Grocery Outlet's mission of Touching Lives for the Better has been at the foundation of our business throughout our 78-year history. We believe that our future success is intertwined with the well-being of our stakeholders and we are proud to highlight our progress and the positive environmental and social impacts we've accomplished in our second annual report," said RJ Shee
Q2 fiscal 2024 net sales increased 11.7%Q2 fiscal 2024 comparable store sales grew 2.9%, driven by a 5.1% increase in transactionsCompany updates key guidance for fiscal 2024 EMERYVILLE, Calif., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the second quarter of fiscal 2024 ended June 29, 2024. Highlights for Second Quarter Fiscal 2024 as compared to Second Quarter Fiscal 2023: Net sales increased by 11.7% to $1.13 billion.Comparable store sales increased by 2.9%, driven by a 5.1% increase in the number of transactions, partially offset by a 2.1% decrease in average transaction size.In
EMERYVILLE, Calif., July 23, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the second quarter of fiscal 2024 will be released after the market close on Tuesday, August 6, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within two hours of the conclusio
NEW YORK, June 7, 2024 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, June 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P SmallCap 600 are more representative of the small-cap market space. The companies being removed from the S
Q1 fiscal 2024 net sales increased 7.4%Q1 fiscal 2024 comparable store sales grew 3.9%, driven by a 7.0% increase in transactionsCompany updates key guidance for fiscal 2024 EMERYVILLE, Calif., May 07, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet" or the "Company") today announced financial results for the first quarter of fiscal 2024 ended March 30, 2024. Highlights for First Quarter Fiscal 2024 as compared to First Quarter Fiscal 2023: Net sales increased by 7.4% to $1.04 billion.Comparable store sales increased by 3.9%, driven by a 7.0% increase in the number of transactions, partially offset by a 2.9% decrease in average transaction size.The Com
EMERYVILLE, Calif., April 23, 2024 (GLOBE NEWSWIRE) -- Grocery Outlet Holding Corp. (NASDAQ:GO) ("Grocery Outlet") today announced that its financial results for the first quarter of fiscal 2024 will be released after the market close on Tuesday, May 7, 2024. The company will host a conference call at 4:30pm ET (1:30pm PT) to discuss the results. Investors and analysts interested in joining the call are invited to dial (877) 407-9208 approximately 10 minutes prior to the start of the call. A live audio webcast of the conference call will be available online at https://investors.groceryoutlet.com. A taped replay of the conference call will be available within two hours of the conclusion o
Wells Fargo analyst Anthony Bonadio initiates coverage on Grocery Outlet Holding (NASDAQ:GO) with a Overweight rating and announces Price Target of $28.
On CNBC's “Mad Money Lightning Round,” Jim Cramer said DraftKings Inc. (NASDAQ:DKNG) is a buy. “It's come down all the way, I'm not worried about Illinois. I think it's in good shape,” he added. The company filed for a mixed-shelf offering on Friday. Cramer likes BlackRock, Inc. (NYSE:BLK), calling the stock “seems “ridiculously inexpensive” considering “all of the future prospects they have.” On May 1, BlackRock completed the acquisition of SpiderRock Advisors. Nextracker Inc. (NASDAQ:NXT) is “terrific,” Cramer said. Nextracker will replace Grocery Outlet Holding Corp. (NASD:GO) in the S&P MidCap 400, prior to the open of trading on Monday, June 24. The Mad Money host said
The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies. The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the RSI is below 30, according to Benzinga Pro. Here's the latest list of major oversold players in this sector, having an RSI near or below 30. AgriFORCE Growing Systems Ltd. (NASDAQ:AGRI) On May 6, AgriFORCE announced an offering of 432.5 million shares by sellin
Although U.S. stocks closed mixed on Monday, there were a few notable insider trades. When insiders purchase shares, it indicates their confidence in the company’s prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision. Below is a look at a few recent notable insider purchases. For more, check out Benzinga’s insider transactions platform. Grocery Outlet The Trade: Grocery Outlet Holding Corp. (NASDAQ:GO) Director Erik D. Ragatz acquired a total of 100,000 shares
TD Cowen analyst Oliver Chen maintains Grocery Outlet Holding (NASDAQ:GO) with a Buy and lowers the price target from $43 to $25.
Roth MKM analyst Bill Kirk maintains Grocery Outlet Holding (NASDAQ:GO) with a Neutral and lowers the price target from $27 to $22.
Goldman Sachs analyst Kate McShane maintains Grocery Outlet Holding (NASDAQ:GO) with a Sell and lowers the price target from $24 to $21.
Shares of Upstart Holdings, Inc. (NASDAQ:UPST) fell sharply during Wednesday's session after the company reported first-quarter financial results and issued second-quarter revenue guidance below estimates. Upstart reported first-quarter revenue of $128 million, which beat the consensus estimate of $124.867 million, according to Benzinga Pro. Upstart expects second-quarter revenue of approximately $125 million versus estimates of $140.83 million. The company anticipates a second-quarter adjusted EBITDA loss of approximately $25 million. Upstart shares dipped 10.3% to $21.96 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers Reborn Coffee, In
During the last three months, 4 analysts shared their evaluations of Grocery Outlet Holding (NASDAQ:GO), revealing diverse outlooks from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 1 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 1 1 1 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $32.5, a high estimate of $37.00, and a low estimate of $27.00. This current aver
UBS analyst Michael Lasser maintains Grocery Outlet Holding (NASDAQ:GO) with a Neutral and lowers the price target from $30 to $27.