Shares of Grocery Outlet Holding Corp. (NASDAQ:GO – Get Free Report) have received an average rating of “Reduce” from the thirteen analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating and eleven have assigned a hold rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.3182.
A number of research analysts recently issued reports on the company. Morgan Stanley dropped their price target on Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Thursday, March 5th. Jefferies Financial Group restated a “hold” rating and set a $7.00 target price (down from $18.00) on shares of Grocery Outlet in a research report on Thursday, March 5th. DA Davidson lifted their target price on shares of Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. TD Cowen upped their price target on shares of Grocery Outlet from $6.00 to $8.00 and gave the company a “hold” rating in a research report on Thursday, May 14th. Finally, Craig Hallum downgraded shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th.
Grocery Outlet Stock Performance
Grocery Outlet (NASDAQ:GO – Get Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.03. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Grocery Outlet’s revenue for the quarter was up 3.6% on a year-over-year basis. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, sell-side analysts expect that Grocery Outlet will post 0.38 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Grocery Outlet
Institutional investors have recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans increased its stake in shares of Grocery Outlet by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 72,087 shares of the company’s stock worth $895,000 after purchasing an additional 739 shares during the period. Natixis Advisors LLC grew its holdings in Grocery Outlet by 5.5% in the 3rd quarter. Natixis Advisors LLC now owns 30,320 shares of the company’s stock valued at $487,000 after buying an additional 1,591 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Grocery Outlet by 62.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,788 shares of the company’s stock worth $77,000 after buying an additional 1,846 shares during the period. Rafferty Asset Management LLC lifted its holdings in shares of Grocery Outlet by 7.4% during the second quarter. Rafferty Asset Management LLC now owns 27,017 shares of the company’s stock worth $336,000 after buying an additional 1,852 shares during the last quarter. Finally, Red Spruce Capital LLC lifted its holdings in shares of Grocery Outlet by 1.5% during the fourth quarter. Red Spruce Capital LLC now owns 128,763 shares of the company’s stock worth $1,301,000 after buying an additional 1,933 shares during the last quarter. Institutional investors and hedge funds own 99.87% of the company’s stock.
About Grocery Outlet
Grocery Outlet Holding Corp. (NASDAQ: GO) is a specialty discount retailer that offers consumers deeply discounted groceries by purchasing excess inventory, closeouts, and overstocks from manufacturers and distributors. Headquartered in Emeryville, California, the company operates two primary banners—Grocery Outlet and Fresh2Go—with a combined footprint of more than 400 stores. Its product assortment spans fresh produce, meat, dairy, bakery items, household staples, natural and organic offerings, and select specialty products, all sold at significant markdowns compared to conventional supermarkets.
The company’s unique buying model enables it to source inventory through opportunistic purchases of surplus freight, discontinued items, and closeout deals, which it then passes on as savings to its customers.
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