Grocery Outlet (NASDAQ:GO) Issues FY 2025 Earnings Guidance

Grocery Outlet (NASDAQ:GO) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.780-0.80 for the period, compared to the consensus earnings per share estimate of 0.730. The company issued revenue guidance of $4.7 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

Grocery Outlet Stock Performance

Grocery Outlet stock traded down $0.07 during midday trading on Tuesday, hitting $14.17. 5,391,165 shares of the company were exchanged, compared to its average volume of 3,119,663. The business has a fifty day simple moving average of $16.26 and a two-hundred day simple moving average of $15.20. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.25 and a current ratio of 1.21. The firm has a market capitalization of $1.39 billion, a PE ratio of 202.46, a price-to-earnings-growth ratio of 2.87 and a beta of 0.29. Grocery Outlet has a fifty-two week low of $10.26 and a fifty-two week high of $21.67.

Grocery Outlet (NASDAQ:GO) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Grocery Outlet had a return on equity of 6.34% and a net margin of 0.18%.The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.25 EPS. On average, sell-side analysts forecast that Grocery Outlet will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Morgan Stanley raised Grocery Outlet from an “underweight” rating to an “equal weight” rating and raised their price objective for the stock from $13.00 to $16.00 in a research report on Wednesday, August 6th. Telsey Advisory Group raised shares of Grocery Outlet from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $16.00 to $20.00 in a research note on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grocery Outlet in a research report on Wednesday, October 8th. Craig Hallum raised Grocery Outlet from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a research report on Wednesday, August 6th. Finally, Zacks Research upgraded Grocery Outlet from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 16th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, six have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.27.

Insider Transactions at Grocery Outlet

In related news, EVP Steven K. Wilson sold 5,000 shares of the firm’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $18.24, for a total value of $91,200.00. Following the completion of the sale, the executive vice president directly owned 141,923 shares in the company, valued at approximately $2,588,675.52. This trade represents a 3.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Grocery Outlet

Several institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Grocery Outlet by 5.8% during the 1st quarter. Royal Bank of Canada now owns 122,565 shares of the company’s stock valued at $1,713,000 after acquiring an additional 6,736 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of Grocery Outlet by 14.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 357,856 shares of the company’s stock worth $5,003,000 after acquiring an additional 44,214 shares in the last quarter. Creative Planning boosted its holdings in Grocery Outlet by 25.4% during the 2nd quarter. Creative Planning now owns 16,104 shares of the company’s stock valued at $200,000 after acquiring an additional 3,263 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Grocery Outlet by 13.8% during the second quarter. JPMorgan Chase & Co. now owns 220,432 shares of the company’s stock valued at $2,738,000 after acquiring an additional 26,725 shares during the last quarter. Finally, Franklin Resources Inc. bought a new stake in Grocery Outlet in the second quarter valued at $149,000. 99.87% of the stock is currently owned by institutional investors.

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.