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. Earlier, Yahoo Finance discussed this stock as it revealed Grocery Outlet Holding Corp. Announces Fourth Quarter and Fiscal 2023 Financial Results.

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Stocks Info

The company is listed on the NASDAQ and operates within the Grocery Stores industry segment. The current market capitalization of Grocery Outlet Holding Corp is $2.80B. A total of 1.16 million shares were traded on the day, compared to an average of 1.28M shares.

In the most recent transaction, Wilson Steven K. sold 30,000 shares of GO for 28.07 per share on Mar 20 ’24. After the transaction, the EVP, Chief Purchasing Officer now owns 180,931 company shares. In a previous transaction on Mar 19 ’24, Wilson Steven K. sold 32,017 shares at 27.73 per share. GO shares that EVP, Chief Purchasing Officer owns now total 210,931.

Among the insiders who sold shares, Bortner Andrea Renee disposed of 8,300 shares on Mar 18 ’24 at a per-share price of $26.61. This resulted in the insider holding 26,765 shares of GO after the transaction. In another insider transaction, Lindberg Eric J. Jr. sold 64,000 shares at $26.75 per share on Mar 12 ’24. Company shares held by the Director now total 64,135.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. 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

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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