Long Position on GO @ $43.75 on 11/2/2020 (Fundamentals)

Grocery Outlet Holding Corp. (GO) owns and operates a chain of grocery stores in the United States.

The company offers products in various categories, such as dairy and deli, produce, and fresh meat and seafood products, as well as grocery, frozen, beer and wine, general merchandise, and health and beauty care products; and natural, organic, specialty, and healthy products.

As of December 28, 2019, it had 347 stores, including 342 independent operated stores in California, Washington, Oregon, Pennsylvania, Idaho, and Nevada.

Grocery Outlet Holding reported 2nd Quarter June 2020 earnings of $0.42 per share on revenue of $803.4 million. The consensus earnings estimate was $0.23 per share on revenue of $760.9 million. Revenue grew 24.5% on a year-over-year basis.

Please note, this stock reports earnings on Tuesday, November 10th.

Entry Point: $43.75

Trading Range: $28.11 to $46.00

Stop Loss: $41.50

Target Price: $48.00

Updates

12/30/2020 12:59:46 PM

GO closed at $40.86

Position closed on 12/30/2020 at price of $40.86 with a -6.61% loss in 58 days.

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