Added to YB: 2024-09-04
Pitch date: 2024-09-03
GO [bullish]
Grocery Outlet Holding Corp.
-39.56%
current return
Author Info
Directionally Correct Research shares is a generalist hedge fund analyst sharing stock pitches in the small to mid cap space. Sign up for the newsletter.
Company Info
Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States.
Market Cap
$1.1B
Pitch Price
$17.92
Price Target
29.50 (+172%)
Dividend
N/A
EV/EBITDA
7.15
P/E
-247.79
EV/Sales
0.63
Sector
Consumer Staples Distribution and Retail
Category
growth
Grocery Outlet Holding Corp. - $GO
GO: Discount grocer facing ERP issues & slow unit growth. Bull case: 10% topline growth, 20%+ 3yr IRR, 10x 2026 EBITDA=$29.50. Risks: low-income exposure, IO hiring, product sourcing. Tailwinds: inflation driving discount shopping, differentiated offering. 9x 2024 EBITDA entry point attractive.
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