Grocery Outlet (NASDAQ:GO – Get Free Report) had its target price increased by equities research analysts at TD Cowen from $12.00 to $14.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the stock. TD Cowen‘s target price would indicate a potential upside of 9.25% from the stock’s current price.
A number of other analysts have also weighed in on the company. UBS Group raised their target price on Grocery Outlet from $10.00 to $11.50 and gave the company a “neutral” rating in a research note on Monday, August 17th. Guggenheim reiterated a “neutral” rating on shares of Grocery Outlet in a research report on Wednesday. Bank of America raised shares of Grocery Outlet from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $12.50 to $15.00 in a report on Wednesday, September 30th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $9.00 price objective on shares of Grocery Outlet in a report on Thursday, August 13th. Finally, Wells Fargo & Company raised their price objective on shares of Grocery Outlet from $11.00 to $13.00 and gave the company an “equal weight” rating in a research report on Wednesday. One analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $11.41.
Get Our Latest Stock Report on Grocery Outlet
Grocery Outlet Price Performance
Shares of GO traded down $1.21 during trading hours on Wednesday, hitting $12.81. The stock had a trading volume of 2,105,286 shares, compared to its average volume of 2,933,128. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of -3.31, a P/E/G ratio of 9.64 and a beta of 0.64. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.29 and a quick ratio of 0.30. The company’s fifty day moving average is $12.21 and its two-hundred day moving average is $9.71. Grocery Outlet has a 52 week low of $5.66 and a 52 week high of $14.32.
Grocery Outlet (NASDAQ:GO – Get Free Report) last announced its quarterly earnings results on Tuesday, November 10th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.16. Grocery Outlet had a negative net margin of 8.04% and a positive return on equity of 5.84%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $0.21 EPS. The firm’s quarterly revenue was up .9% on a year-over-year basis. On average, analysts anticipate that Grocery Outlet will post 0.42 EPS for the current year.
Insider Buying and Selling at Grocery Outlet
In other news, insider Paul Miller bought 8,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was bought at an average cost of $10.90 per share, with a total value of $87,200.00. Following the purchase, the insider owned 72,171 shares of the company’s stock, valued at approximately $786,663.90. This represents a 12.47% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Carey F. Jaros bought 15,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was purchased at an average cost of $11.70 per share, with a total value of $175,500.00. Following the completion of the purchase, the director directly owned 60,000 shares in the company, valued at approximately $702,000. This trade represents a 33.33% increase in their position. The SEC filing for this purchase provides additional information. 5.60% of the stock is currently owned by corporate insiders.
Institutional Trading of Grocery Outlet
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in GO. BlackRock Inc. acquired a new position in Grocery Outlet in the second quarter valued at approximately $152,440,000. Heartland Advisors Inc. acquired a new position in shares of Grocery Outlet during the 2nd quarter worth about $6,606,000. Bank of America Corp DE bought a new stake in shares of Grocery Outlet in the 2nd quarter valued at about $6,138,000. Bank of New York Mellon Corp acquired a new stake in shares of Grocery Outlet in the 2nd quarter valued at approximately $5,500,000. Finally, Empowered Funds LLC acquired a new stake in shares of Grocery Outlet in the 2nd quarter valued at approximately $3,894,000. 99.87% of the stock is currently owned by institutional investors and hedge funds.
Key Grocery Outlet News
Investors following GO have been watching these news items:
- Positive Sentiment: Wells Fargo raised its price target to $13 from $11, while maintaining an Equal Weight rating. The new target indicates limited upside at the cited share price.
- Neutral Sentiment: Fiscal 2026 EPS guidance is $0.52–$0.55, versus a consensus estimate of $0.52—an improvement at the midpoint, but not a major upgrade relative to expectations.
- Negative Sentiment: Quarterly EPS of $0.16 was below the $0.21 reported a year earlier, while revenue grew just 0.9% year over year. Higher costs and promotional pricing are pressuring the profit outlook, limiting the impact of the sales beat. Profit outlook article
Grocery Outlet Company Profile
Grocery Outlet Holding Corp. operates Grocery Outlet Bargain Market, a discount grocery chain offering brand-name products and private-label items at value-oriented prices. Its stores carry a range of goods, including groceries, fresh produce, meat, dairy, frozen foods and household products. The company uses opportunistic buying to source products, which can result in changing assortments and limited-time deals. Founded in 1946 by Jim Read, Grocery Outlet has grown from a California-based business into a retailer serving communities across the western United States and parts of the East Coast.
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