Grocery Outlet (GO) Projected to Post Quarterly Earnings on Tuesday

Grocery Outlet (NASDAQ:GO) is expected to be posting its quarterly earnings results after the market closes on Tuesday, February 25th. Analysts expect Grocery Outlet to post earnings of $0.17 per share and revenue of $1.09 billion for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Grocery Outlet Stock Performance

Shares of Grocery Outlet stock opened at $16.68 on Tuesday. The stock has a market capitalization of $1.62 billion, a price-to-earnings ratio of 32.71, a PEG ratio of 18.37 and a beta of 0.32. The firm’s fifty day simple moving average is $16.58 and its 200-day simple moving average is $17.32. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33. Grocery Outlet has a 12 month low of $13.60 and a 12 month high of $29.19.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Bank of America downgraded shares of Grocery Outlet from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $29.00 to $17.00 in a research note on Wednesday, October 30th. Roth Mkm lowered their target price on Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft dropped their target price on Grocery Outlet from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group lowered their price objective on shares of Grocery Outlet from $17.00 to $15.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen cut shares of Grocery Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $16.00 in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.00.

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.