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 average represents a 4.41% decrease from the previous average price target of $34.00.
Analyzing Analyst Ratings: A Detailed Breakdown
The analysis of recent analyst actions sheds light on the perception of Grocery Outlet Holding by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Michael Lasser | UBS | Lowers | Neutral | $27.00 | $30.00 |
| Jeremy Hamblin | Craig-Hallum | Announces | Buy | $36.00 | - |
| Michael Lasser | UBS | Lowers | Neutral | $30.00 | $32.00 |
| Joseph Feldman | Telsey Advisory Group | Lowers | Outperform | $37.00 | $40.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Grocery Outlet Holding. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Grocery Outlet Holding compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Grocery Outlet Holding's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of Grocery Outlet Holding's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on Grocery Outlet Holding analyst ratings.
Get to Know Grocery Outlet Holding Better
Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.
Grocery Outlet Holding: Delving into Financials
Market Capitalization Analysis: Below industry benchmarks, the company's market capitalization reflects a smaller scale relative to peers. This could be attributed to factors such as growth expectations or operational capacity.
Revenue Growth: Grocery Outlet Holding displayed positive results in 3 months. As of 31 December, 2023, the company achieved a solid revenue growth rate of approximately 6.34%. This indicates a notable increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Staples sector.
Net Margin: Grocery Outlet Holding's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 1.43% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Grocery Outlet Holding's ROE stands out, surpassing industry averages. With an impressive ROE of 1.16%, the company demonstrates effective use of equity capital and strong financial performance.
Return on Assets (ROA): Grocery Outlet Holding's ROA surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 0.48% ROA, the company effectively utilizes its assets for optimal returns.
Debt Management: Grocery Outlet Holding's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 1.14.
The Significance of Analyst Ratings Explained
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.