The Question Is Whether To Buy Or Not To Buy Grocery Outlet Holding Corp. (NASDAQ: GO)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Grocery Outlet Holding Corp. (GO) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by +$0.71, or +2.01%, to $36. Volume reached 26,590 shares, with price reaching a high of $34.55 and a low of $34.55. The stock was recently discussed on Yahoo Finance as it revealed that Grocery Outlet Holding Corp. Announces Retirement of Vice Chairman of the Board MacGregor Read.

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Stocks Info

Grocery Outlet Holding Corp. is listed on the NASDAQ as a member of the Consumer Defensive sector and is a part of the Grocery Stores industry. At the end of the last regular session, the stock closed at $34.55 and fluctuated between $35.24 as its day high and $34.21 as its day low. The current market capitalization of Grocery Outlet Holding Corp. is $3.34B. A total of 1.42 million shares were traded on the day, compared to an average of 1.14M shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, GO has seen 22 BUY and 26 SELL insider trades, representing the acquisition of 240,058 and the disposition of 617,292 shares. Over the last 12 months, there were 81 BUYs and 75 SELLs from insiders. Insiders purchased 977,713 shares during that period but sold 1,471,254.

In the most recent transaction, Herman Thomas F sold 2,000 shares of GO for 36.09 per share on Sep 15. After the transaction, the Director now owns 37,917 company shares. In a previous transaction on Sep 12, Lindberg Eric J. Jr. sold 25,000 shares at 38.31 per share. GO shares that Chief Executive Officer owns now total 60,560.

Among the insiders who sold shares, York Jeffrey disposed of 50,000 shares on Sep 08 at a per-share price of $37.73. This resulted in the Director holding 67,459 shares of GO after the transaction. In another insider transaction, Sheedy Robert Joseph Jr. sold 6,667 shares at $38.32 per share on Sep 08. Company shares held by the President now total 63,992.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for GO in the last 3 months, the mean price target is $45.42 with high estimates of $53.00 and low estimates of $31.00. In terms of 52-week highs and lows, GO has a high of $46.37 and a low of $21.01.

As of this writing, GO has an earnings estimate of $0.2 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.22 per share and a lower estimate of $0.19. The company reported an EPS of $0.23 in the last quarter, which was 27.78% higher than expectations of $0.18.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 12 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for GO is Hold with a score of 4.11. A total of 6 analysts rated the stock as Buy while 0 rated it as Overweight while 5 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 1 thought it should be Sold.

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