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Grocery Outlet Holding Corp. (GO) owns and operates a network of independently operated stores in the United States.
The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine.
As of May 10, 2022, it had approximately 420 stores in California, Washington, Oregon, Pennsylvania, Idaho, Nevada, and New Jersey.
On May 10th, Grocery Outlet Holding (GO) reported 1st Quarter March 2022 earnings of $0.22 per share on revenue of $831.4 million. The consensus earnings estimate was $0.20 per share on revenue of $810.2 million. The Earnings Whisper number was $0.23 per share. Revenue grew 10.5% on a year-over-year basis.
Shares have formed a bullish "cup and handle" and higher share prices are expected for this stock.
Entry Point: $44.00
52-Week Range: $21.01 to $44.95
Stop Loss: $41.75
Target Price: $48.40
GO closed at $39.50
