In a report released today, Jeremy Hamblin from Craig-Hallum maintained a Buy rating on Grocery Outlet Holding (GO – Research Report). The company’s shares opened today at $26.51.
Hamblin covers the Consumer Cyclical sector, focusing on stocks such as Carrols Restaurant Group, Citi Trends, and Potbelly. According to TipRanks, Hamblin has an average return of 8.3% and a 55.16% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Grocery Outlet Holding with a $30.71 average price target, a 15.84% upside from current levels. In a report released on February 28, TD Cowen also assigned a Buy rating to the stock with a $43.00 price target.
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The company has a one-year high of $36.54 and a one-year low of $23.41. Currently, Grocery Outlet Holding has an average volume of 1.22M.
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Grocery Outlet Holding (GO) Company Description:
Grocery Outlet Holding Corp. engages in the operation of retail stores. It offers name-brand consumables and fresh products through a network of independently operated stores. The company was founded by Jim Read in 1946 and is headquartered in Emeryville, CA.
Read More on GO:
- Grocery Outlet names Lindsay Gray as interim CFO
- Grocery Outlet Appoints Interim CFO, Bracher Steps Down
- Apollo Global upgraded, Dell initiated: Wall Street’s top analyst calls
- Craig-Hallum upgrades Grocery Outlet to Buy as ‘future looks bright’
- Grocery Outlet upgraded to Buy from Hold at Craig-Hallum
