Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Grocery Outlet Holding Corp before investing.

In this article, we go over a few key elements for understanding Grocery Outlet Holding Corp’s stock price such as:

• Grocery Outlet Holding Corp’s current stock price and volume
• Why Grocery Outlet Holding Corp’s stock price changed recently
• Upgrades and downgrades for GO from analysts
• GO’s stock price momentum as measured by its relative strength

About Grocery Outlet Holding Corp (GO)

Before we jump into Grocery Outlet Holding Corp’s stock price, history, target price and what caused it to recently dip, let’s take a look at some background.

Grocery Outlet Holding Corp. is a retailer of name-brand consumables and fresh products sold through a network of independently operated stores. The Company operates over 470 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, Maryland, New Jersey and Ohio. Its product offering includes staples, across grocery, refrigerated and frozen foods, beer and wine, fresh meat and seafood, and health and beauty care, others. It distributes inventory through eight primary distribution centers, three of which it operates and five of which are operated by third parties. It has an in-house transportation fleet, as well as transportation partner relationships. It also owns United Grocery Outlet, a closeout grocery retailer with over 40 stores in Tennessee, North Carolina, Georgia, Alabama, Kentucky, and Virginia. It is focused on centralized marketing efforts primarily on digital ads, emailed WOW! Alerts, social media and radio commercials, and in-store and outdoor signage.

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Grocery Outlet Holding Corp’s Stock Price as of Market Close

As of July 22, 2024, 4:00 PM, CST, Grocery Outlet Holding Corp’s stock price was $20.36.

Grocery Outlet Holding Corp is down 5.61% from its previous closing price of $21.57.

During the last market session, Grocery Outlet Holding Corp’s stock traded between $21.03 and $21.61. Currently, there are 99.52 million shares of Grocery Outlet Holding Corp stock available for purchase.

Grocery Outlet Holding Corp’s price-earnings (P/E) ratio is currently at 33.6, which is high compared to the Food Retail & Distribution industry median of 21. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Grocery Outlet Holding Corp Stock Price History

Grocery Outlet Holding Corp’s (GO) price is currently down 7.96% so far this month.

During the month of July, Grocery Outlet Holding Corp’s stock price has reached a high of $22.55 and a low of $20.32.

Over the last year, Grocery Outlet Holding Corp has hit prices as high as $36.54 and as low as $19.73. Year to date, Grocery Outlet Holding Corp’s stock is down 30.25%.

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What Caused Grocery Outlet Holding Corp Stock’s Price to Dip?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of July 19, 2024, there were 12 analysts who downgraded Grocery Outlet Holding Corp’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Grocery Outlet Holding Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Grocery Outlet Holding Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Grocery Outlet Holding Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Grocery Outlet Holding Corp (GO) by visiting AAII Stock Evaluator.

Relative Price Strength of Grocery Outlet Holding Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of July 19, 2024, Grocery Outlet Holding Corp has a weighted four-quarter relative price strength of -16.61%, which translates to a Momentum Score of 20 and is considered to be Very Weak.

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Grocery Outlet Holding Corp Stock Price: Bottom Line

As of July 22, 2024, Grocery Outlet Holding Corp’s stock price is $20.36, which is down 5.61% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Grocery Outlet Holding Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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