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| Ticker | Name | Date | Analyst Firm | Up/Down | Target ($) | Rating Change | Rating Current |
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Throughout the last three months, 5 analysts have evaluated Grocery Outlet Holding (NASDAQ:GO), offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 1 | 1 | 1 | 0 | 2 |
| Last 30D | 1 | 1 | 1 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 2 |
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $30.2, a high estimate of $37.00, and a low estimate of $24.00. A 12.46% drop is evident in the current average compared to the previous average price target of $34.50.
The perception of Grocery Outlet Holding by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Jeremy Hamblin | Craig-Hallum | Announces | Buy | $36.00 | - |
| Michael Lasser | UBS | Lowers | Neutral | $30.00 | $32.00 |
| Joseph Feldman | Telsey Advisory Group | Lowers | Outperform | $37.00 | $40.00 |
| Kate McShane | Goldman Sachs | Lowers | Sell | $24.00 | $33.00 |
| Kate McShane | Goldman Sachs | Lowers | Sell | $24.00 | $33.00 |
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Grocery Outlet Holding's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Grocery Outlet Holding analyst ratings.
Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Grocery Outlet Holding displayed positive results in 3 months. As of 30 September, 2023, the company achieved a solid revenue growth rate of approximately 9.34%. This indicates a notable increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Consumer Staples sector.
Net Margin: Grocery Outlet Holding's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.7% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Grocery Outlet Holding's ROE excels beyond industry benchmarks, reaching 2.29%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 0.94%, the company showcases effective utilization of assets.
Debt Management: Grocery Outlet Holding's debt-to-equity ratio is below the industry average. With a ratio of 1.14, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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