While Grocery Outlet Holding Corp has overperformed by 5.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, GO fell by -54.29%, with highs and lows ranging from $29.13 to $10.26, whereas the simple moving average fell by -26.08% in the last 200 days.
On February 26, 2025, Deutsche Bank Downgraded Grocery Outlet Holding Corp (NASDAQ: GO) to Hold. A report published by TD Cowen on November 06, 2024, Downgraded its rating to ‘Hold’ for GO. Telsey Advisory Group also Downgraded GO shares as ‘Market Perform’, setting a target price of $19 on the company’s shares in a report dated October 30, 2024. BofA Securities October 30, 2024d the rating to Neutral on October 30, 2024, and set its price target from $29 to $17. Loop Capital initiated its ‘Hold’ rating for GO, as published in its report on October 17, 2024. Telsey Advisory Group’s report from August 07, 2024 suggests a price prediction of $27 for GO shares, giving the stock a ‘Outperform’ rating. Craig Hallum also rated the stock as ‘Hold’.
Analysis of Grocery Outlet Holding Corp (GO)
Further, the quarter-over-quarter increase in sales is 10.91%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Grocery Outlet Holding Corp’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 3.27% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.31, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and GO is recording an average volume of 2.46M. On a monthly basis, the volatility of the stock is set at 6.48%, whereas on a weekly basis, it is put at 4.66%, with a gain of 2.79% over the past seven days. Furthermore, long-term investors anticipate a median target price of $14.00, showing growth from the present price of $12.90, which can serve as yet another indication of whether GO is worth investing in or should be passed over.
How Do You Analyze Grocery Outlet Holding Corp Shares?
A leading company in the Grocery Stores sector, Grocery Outlet Holding Corp (GO) is based in the USA. When comparing Grocery Outlet Holding Corp shares with other companies under Consumer Defensive, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 32.48, there is a growth in quarterly earnings of -83.08%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 4.78%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 107.06% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
GO shares are owned by institutional investors to the tune of 107.06% at present.
