Grocery Outlet Down 46% From 52-Week High: Will GO Rebound From Here? [Yahoo! Finance]
Grocery Outlet Holding Corp. (GO)
Last grocery outlet holding corp. earnings: 3/24 04:05 pm
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Source: Yahoo! Finance
GO has experienced a pullback in its share performance losing nearly half of its value and falling far below its 52-week high of $30.33, touched in last September. Currently trading at $16.27, the stock has seen a 46.4% drop from its peak. Over the past three months, Grocery Outlet shares have plunged 21.2%, underperforming the broader industry, which has risen 9.4% and the S&P 500, which posted a 2.7% return during the same period. The recent decline in share performance is attributed to the challenges stemming from its systems transition, which began last September. Also, the company is grappling with rising expenses, which are putting additional pressure on its already thin margins, further contributing to its underperformance. Image Source: Zacks Investment Research Moreover, Grocery Outlet's stock has fallen below critical technical thresholds, including its 50-day and 200-day moving averages. This moving average is an important indicator for gauging market trends and momen
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News
- Grocery Outlet Holding Third Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet Holding Corp. (NASDAQ: GO) had its price target lowered by analysts at UBS Group AG from $21.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Grocery Outlet to refocus on value to right the ship [Yahoo! Finance]Yahoo! Finance
- Grocery Outlet Holding Corp. (NASDAQ: GO) had its price target lowered by analysts at Roth Mkm from $20.00 to $16.00. They now have a "neutral" rating on the stock.MarketBeat
- Grocery Outlet Holding Corp. (NASDAQ: GO) had its price target lowered by analysts at Telsey Advisory Group from $19.00 to $18.00. They now have a "market perform" rating on the stock.MarketBeat
GO
Earnings
- 11/5/24 - Beat
GO
Sec Filings
- 11/6/24 - Form 10-Q
- 11/5/24 - Form 8-K
- 10/31/24 - Form 4
- GO's page on the SEC website