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.
Companies Reporting After The Bell
• VIZIO Holding (NYSE:VZIO) is estimated to report quarterly loss at $0.10 per share on revenue of $484.07 million.
• Talis Biomedical (NASDAQ:TLIS) is likely to report quarterly loss at $10.80 per share on revenue of $230.00 thousand.
• FAT Brands (NASDAQ:FAT) is estimated to report quarterly loss at $0.06 per share on revenue of $6.75 million.
• Xenon Pharmaceuticals (NASDAQ:XENE) is likely to report quarterly loss at $0.40 per share on revenue of $5.15 million.
• Sonim Technologies (NASDAQ:SONM) is expected to report quarterly loss at $0.10 per share on revenue of $12.97 million.
• Invesco National AMT-Free Municipal Bond ETFo (NYSE:PZA) is likely to report earnings for its first quarter.
Markets
Shopify (SHOP)
In a report released today, Darren Aftahi from Roth Capital maintained a Hold rating on Shopify, with a price target of $1325.00. The company’s shares closed last Tuesday at $1123.01.
According to TipRanks.com, Aftahi is a top 100 analyst with an average return of 46.4% and a 55.3% success rate. Aftahi covers the Technology sector, focusing on stocks such as Fathom Holdings, Remark Holdings, and Digital Turbine.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Shopify with a $1469.44 average price target, representing a 29.1% upside. In a report released yesterday, Guggenheim also maintained a Hold rating on the stock.
Is It Too Late to Buy Grocery Outlet Holding (GO) Stock?
Argosy Investors recently released its Q1 2021 Investor Letter, a copy of which you can read here. First-quarter 2021 performance was 8.2% in select accounts. The S&P 500 by comparison returned 7.0%. You should check out Argosy Investors’ top 5 stock picks for investors to buy right now, which could be the biggest winners of 2021.
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:
Grocery Outlet caps off fiscal 2020 with strong Q4 supermarketnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from supermarketnews.com Daily Mail and Mail on Sunday newspapers.