Taking On Challenges And Growing? – Grocery Outlet Holding Corp (GO)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Most recently, Yahoo Finance reported about the stock as it publicized that Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2023 Financial Results.

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Stocks Info

This NASDAQ-listed company operates within the Grocery Stores industry segment, falling under the Consumer Defensive sector. The current market capitalization of Grocery Outlet Holding Corp is $2.62B. A total of 0.8 million shares were traded on the day, compared to an average of 1.24M shares.

In the most recent transaction, Sheedy Robert Joseph Jr. sold 10,456 shares of GO for 26.33 per share on Mar 04 ’24. After the transaction, the President & CEO now owns 198,992 company shares. In a previous transaction on Mar 04 ’24, Lindberg Eric J. Jr. sold 7,460 shares at 26.33 per share. GO shares that Director owns now total 99,663.

Among the insiders who sold shares, Wilson Steven K. disposed of 5,045 shares on Mar 04 ’24 at a per-share price of $26.33. This resulted in the EVP, Chief Purchasing Officer holding 217,631 shares of GO after the transaction. In another insider transaction, Burke Pamela B. sold 4,419 shares at $26.33 per share on Mar 04 ’24. Company shares held by the EVP, Chief Stores Officer now total 77,836.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, GO has a high of $36.54 and a low of $23.41.

As of this writing, GO has an earnings estimate of $0.18 per share for the current quarter. EPS was calculated based on a consensus of 12 estimates, with a high estimate of $0.23 per share and a lower estimate of $0.16. The company reported an EPS of $0.31 in the last quarter, which was 14.80% higher than expectations of $0.27.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. GO’s latest balance sheet shows that the firm has $140.09M in Cash & Short Term Investments as of fiscal 2021. There were $1.46B in debt and $237.91M in liabilities at the time. Its Book Value Per Share was $12.29, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

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. Currently, 0 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 Buy with a score of 3.55.

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