Company s 52-week low was at $31.81
Price action over last quarter: Up 14.94%
Company Overview
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.
Is It Too Late to Buy Grocery Outlet Holding (GO) Stock?
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In the Q4 2020 Investor Letter, the fund highlighted a few stocks and Grocery Outlet Holding Corp. (NASDAQ:GO) is one of them. Grocery Outlet Holding Corp. (NASDAQ:GO) is a supermarket company. In the last three months, Grocery Outlet Holding Corp. (NASDAQ:GO) stock gained 1.7% and on April 14th it had a closing price of $38.61. Here is what the fund said:
Updated on March 12, 2021 at 11:25 am
Bob Hansen
The Emeryville, California, chain, which is part of Grocery Outlet Holding Corp., joins other discount grocers that have expanded in the region including Lidl and Aldi in addition to other chains that have increased their presence such as Giant, Acme and Sprouts Farmers Markets.
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Grocery Outlet is expanding throughout the mid-Atlantic, said Heather Mayo, chief operations and merchandising office for the Eastern division. “We think there is a ton of opportunity,” she said to PBJ.com. “It’s limitless the number of stores we will open. There will be many more to come.”
Kroger: Strong fourth quarter and fiscal year 2020 results
US: Trader Joe’s is No. 1 in customer satisfaction, but metrics down overall
Following 4 years of fairly steady customer satisfaction, the supermarket industry’s rating in this area has dropped 2.6% to a score of 76 out of 100, with 17 of 20 major grocers earning lower scores year over year, according to data from the American Customer Satisfaction Index (ACSI). Monrovia, California-based Trader Joe’s is No. 1 in the supermarket industry - as well as the entire retail sector - with a stable score of 84, with 4 companies tying for second place with scores of 82: Costco (down 1%), H-E-B (down 2%), Publix (down 1%) and Wegmans (down 2%). The remaining top-tier performer from 2019, Aldi, slid 4% to tie with a stable Sam’s Club at 80.