Grocery Outlet shares jump nearly 10%, 'treasure hunt' experience has analyst appeal [MarketWatch]
Grocery Outlet Holding Corp. (GO)
Last grocery outlet holding corp. earnings: 3/24 04:05 pm
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Source: MarketWatch
Grocery Outlet shares jump nearly 10%, 'treasure hunt' experience has analyst appeal Grocery Outlet Holding Corp. GO, +7.27% jumped nearly 10% on a trading day when most other stocks were in the red after it reported profits and sales that beat expectations. Moreover, analysts are bullish that the grocery chain's "treasure hunt" experience will translate into prolonged same-store sales growth. "While we would expect the company's comp to ease over time as some of its particularly strong initiatives mature, we believe its differentiated offering and unique value proposition should allow it to continue to take share over time," wrote UBS in a note. Analysts think Grocery Outlet's 2019 same-store sales growth forecast of 3% to 4% "could be conservative." UBS rates Grocery Outlet stock neutral with a $38 price target, up from $35. "Grocery Outlet's industry-leading buying team has strong relationships with some of the top national CPG brands and positions the retailer well to consisten
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News
- Grocery Outlet (GO) Up 10.9% Since Last Earnings Report: Can It Continue? [Yahoo! Finance]Yahoo! Finance
- GO vs. DNUT: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet Holding Corp. (GO) is a Top-Ranked Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- 5 Consumer Staples Stocks to Buy as Inflation Rises in February [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet Holding: Very Negative On This UGO Acquisition In The Near Term [Seeking Alpha]Seeking Alpha
GO
Earnings
- 2/27/24 - Beat
GO
Sec Filings
- 3/27/24 - Form 4
- 3/27/24 - Form 144
- 3/26/24 - Form 4
- GO's page on the SEC website