How to Buy Grocery Outlet Holding Stock
Grocery Outlet Holding Corp
Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States.
Grocery Outlet Holding stock last closed at $26.47, down 0.34% from the previous day, and has decreased 6.47% in one year. It has underperformed other stocks in the Grocery Stores industry by 0.07 percentage points. Grocery Outlet Holding stock is currently +13.07% from its 52-week low of $23.41, and -27.56% from its 52-week high of $36.54.
There are currently 99.23M shares of GO outstanding. The market capitalization of GO is $2.63B. In the last 24 hours, 946,656 GO shares were traded.
How to Buy Grocery Outlet Holding Stock
Not sure how to invest in Grocery Outlet Holding stock? Here's how.
- Decide where to buy Grocery Outlet Holding stock: You need to choose an online brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Grocery Outlet Holding stock.
- Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Put funds into your investment account: Select your method of payment and add your information.
- Research Grocery Outlet Holding stock: The Grocery Outlet Holding ticker symbol is GO. Is Grocery Outlet Holding stock a good investment? Should you buy shares of GO? How do GO's underlying business fundamentals look? Do top analysts think Grocery Outlet Holding is a good buy? Why has GO's stock price moved recently? (Hint: Our stock research website can help you figure out if GO is a good stock to buy).
- Make your GO purchase: Decide if you will purchase GO shares at the current market price or use a limit order to buy GO shares at a given price.
- Keep tabs on your investment in GO: Create a watchlist to important updates regarding your position in Grocery Outlet Holding stock.
Step 1: Decide where to buy Grocery Outlet Holding stock
You will need an online brokerage account in order to access the NASDAQ market and buy GO stock.
Our favorite brokerage: eToro
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Get $10 towards your purchase of shares by signing up for an account with eToro today.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked your brokerage, you'll need to fill out some personal details so you can invest in GO today.
How to Open a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new trading account.
- Submit your information by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your investment account
Now that you've finished signing up on investing apps, your next step is to transfer the money for your investment:
Watch the tutorial below for more details transferring money into your investment account.
Step 4: Research Grocery Outlet Holding stock
After you have selected the best place to buy Grocery Outlet Holding stock, it's very important to evaluate their stock before you invest, so you actually understand the risk and opportunity.
Grocery Outlet Holding quick stats
Grocery Outlet Holding Due Diligence Checks
WallStreetZen was designed to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on GO's stock page.
Is GO stock properly valued?
Analysts use many financial metrics, analyses, models, and charts to gauge GO's fair value.
Using relative valuations measures:
- GO could be overvalued based on its P/E ratio of 33.09x, relative to Grocery Stores industry P/E ratio of 15.2x
- GO could be undervalued based on its P/B ratio of 2.15x, relative to Grocery Stores industry P/B ratio of 3.19x
- GO could be overvalued based on its PEG ratio of 2.07x
You can access more valuation research on GO's stock here.
A look at GO Cashflows and Balance Sheet
Passed Health Checks:
- GO profit margin has gone up from 1.8% to 2% in the past year.
- GO's operating cash flow of $303.45M allows it to safely service it's debt of $1.39B.
- Total GO debt is lower than 5 years ago, relative to shareholder equity.
- GO earnings of $120.44M is not enough to cover its interest payments.
- There are more short-term assets than short-term liabilities on the GO balance sheet.
Failed Health Checks:
- GO has a relatively high debt to equity ratio of 1.44.
- There are more long-term liabilities than short-term assets on the GO balance sheet.
Is GO stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 6 Equities analysts who monitor GO, the consensus analyst rating on Grocery Outlet Holding is a Hold
It's important to keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest GO Analyst Recommendations
Bill Kirk, a bottom 10% analyst from Roth MKM maintains GO with a hold rating and lowers their GO price target from $31.00 to $29.00, on Nov 8, 2023.
You can dive deeper into what analysts are projecting on the Grocery Outlet Holding stock forecast page.
GO Technical Indicators
How is GO performing as a company?
Last year, GO earnings were $79.44M. During the past five year, GO's earnings have gone up by 27.23% per year. This was faster than the Grocery Stores industry average of 10.43%.
Last year, GO revenue was $3.97B. In the last five year, GO's revenue has gone up by 11.65% per year. This was faster than the Grocery Stores industry average of 6.19%.
Find out more about GO's earnings and revenue performance here.
Are GO insiders buying or selling the stock?
Over the past year, insiders at GO have sold more shares than they have bought.
Thomas F. Herman, Director of GO, was the latest GO insider to sell. They sold $29,000.00 worth of GO stock on Mar 27, 2024.
Research more about who owns GO stock here.
Does GO provide a stable income stream?
No, Grocery Outlet Holding doesn't provide an income stream by paying out dividends.
What others are saying about GO
One of the major reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your GO purchase
There are two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are usually fine for most investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific price, place a limit order.
Hit the Open Trade button and eToro will place your order.
If you require additional help buying stocks on eToro, watch the helpful video below:
Step 6: Keep tabs on your investment in GO
Now that you own some GO shares, you'll want to stay up-to-date on your stock purchase.
Create a watchlist to track the latest developments regarding your GO stock.
GO Feed
How to Buy Stock in Grocery Outlet Holding
To reiterate, here are the 6 steps to buy Grocery Outlet Holding stock:
- Decide where to buy Grocery Outlet Holding stock
- Create a brokerage account
- Put funds into your investment account
- Research Grocery Outlet Holding stock
- Make your GO purchase
- Keep tabs on your investment in GO
If you need a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to get the latest news on your investment in Grocery Outlet Holding, add GO to your watchlist below.
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