FY2025 EPS Estimates for Grocery Outlet Increased by Analyst

Grocery Outlet Holding Corp. (NASDAQ:GO) – Stock analysts at Roth Capital boosted their FY2025 earnings per share (EPS) estimates for shares of Grocery Outlet in a note issued to investors on Wednesday, November 5th. Roth Capital analyst W. Kirk now forecasts that the company will earn $0.69 per share for the year, up from their previous forecast of $0.67. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.63 per share.

Several other equities analysts have also commented on GO. UBS Group decreased their price objective on shares of Grocery Outlet from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Craig Hallum upgraded Grocery Outlet from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research note on Wednesday, August 6th. TD Cowen dropped their price objective on Grocery Outlet from $18.00 to $16.00 and set a “hold” rating for the company in a research note on Wednesday, November 5th. Morgan Stanley upgraded Grocery Outlet from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $13.00 to $16.00 in a report on Wednesday, August 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Grocery Outlet in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.73.

Grocery Outlet Price Performance

Shares of GO opened at $11.49 on Monday. The firm has a 50-day simple moving average of $15.55 and a two-hundred day simple moving average of $15.06. The stock has a market cap of $1.13 billion, a PE ratio of -229.80, a P/E/G ratio of 1.85 and a beta of 0.33. Grocery Outlet has a 1-year low of $10.26 and a 1-year high of $21.67. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.25.

Grocery Outlet (NASDAQ:GO) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.02. Grocery Outlet had a negative net margin of 0.10% and a positive return on equity of 5.86%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the firm earned $0.28 EPS. Grocery Outlet’s revenue was up 5.4% on a year-over-year basis. Grocery Outlet has set its FY 2025 guidance at 0.780-0.80 EPS.

Institutional Trading of Grocery Outlet

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in Grocery Outlet by 32.3% during the second quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company’s stock worth $37,000 after buying an additional 719 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Grocery Outlet by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 72,087 shares of the company’s stock worth $895,000 after acquiring an additional 739 shares during the last quarter. Bank of Montreal Can increased its holdings in shares of Grocery Outlet by 5.1% in the 2nd quarter. Bank of Montreal Can now owns 16,525 shares of the company’s stock valued at $205,000 after acquiring an additional 803 shares during the period. Amalgamated Bank raised its position in Grocery Outlet by 3.5% in the 3rd quarter. Amalgamated Bank now owns 28,875 shares of the company’s stock valued at $463,000 after purchasing an additional 967 shares during the last quarter. Finally, US Bancorp DE boosted its stake in Grocery Outlet by 64.2% during the 1st quarter. US Bancorp DE now owns 3,024 shares of the company’s stock worth $42,000 after purchasing an additional 1,182 shares during the period. Institutional investors and hedge funds own 99.87% of the company’s stock.

Insider Buying and Selling

In other news, EVP Steven K. Wilson sold 25,000 shares of the stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $12.53, for a total value of $313,250.00. Following the transaction, the executive vice president owned 116,923 shares in the company, valued at approximately $1,465,045.19. This represents a 17.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.50% of the stock is owned by company insiders.

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.