Grocery Outlet Holding (GO) Highlighted as a Top SMidcap Idea at Cowen

Cowen analyst Oliver Chen reiterated an Outperform rating and $48.00 price target on Grocery Outlet Holding (NASDAQ: GO) and highlighted the stock as one of the best SMidcap Ideas on the belief that the off-price grocery model will be a leading share gainer due to its strong value proposition and a fun treasure-hunt atmosphere.

The analyst stated "GO’s “Independent Operator” model aligns economic incentives, drives a variable operating model, & yields localized inventory. Compelling +mid-teens EPS growth on +10% units, +LSD comps, & flattish EBITDA margins".

For an analyst ratings summary and ratings history on Grocery Outlet Holding click here. For more ratings news on Grocery Outlet Holding click here.

Shares of Grocery Outlet Holding closed at $35.50 yesterday.

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