The Goldman Sachs Group Forecasts Strong Price Appreciation for Grocery Outlet (NASDAQ:GO) Stock

Posted by Brian Himes on Nov 12th, 2026

Grocery Outlet (NASDAQ:GO – Get Free Report) had its price target upped by research analysts at The Goldman Sachs Group from $6.00 to $8.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group‘s target price points to a potential downside of 37.96% from the company’s current price.

Other equities analysts have also issued reports about the company. DA Davidson upped their target price on Grocery Outlet from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. Deutsche Bank reissued a “hold” rating and issued a $9.00 price target on shares of Grocery Outlet in a research report on Thursday, August 13th. Guggenheim restated a “neutral” rating on shares of Grocery Outlet in a research note on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grocery Outlet in a research note on Wednesday. Finally, Telsey Advisory Group raised their price objective on shares of Grocery Outlet from $12.00 to $14.00 and gave the company a “market perform” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Grocery Outlet has a consensus rating of “Reduce” and an average price target of $11.32.

View Our Latest Stock Report on Grocery Outlet

Grocery Outlet Stock Down 1.7%

Shares of GO stock traded down $0.23 on Thursday, reaching $12.89. 944,098 shares of the company were exchanged, compared to its average volume of 2,944,847. 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 has a 50-day moving average of $12.23 and a 200-day moving average of $9.72. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -3.35, a PEG ratio of 9.75 and a beta of 0.64. Grocery Outlet has a one year low of $5.66 and a one year high of $14.32.

Grocery Outlet (NASDAQ:GO – Get Free Report) last posted its quarterly earnings results on Tuesday, November 10th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Grocery Outlet had a positive return on equity of 5.49% and a negative net margin of 7.99%. The firm’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the prior year, the business earned $0.21 EPS. Analysts anticipate that Grocery Outlet will post 0.42 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Paul Miller acquired 8,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were purchased at an average cost of $10.90 per share, with a total value of $87,200.00. Following the acquisition, the insider directly owned 72,171 shares of the company’s stock, valued at $786,663.90. The trade was a 12.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carey F. Jaros bought 15,000 shares of Grocery Outlet stock in a transaction dated Thursday, August 27th. The stock was purchased at an average price of $11.70 per share, with a total value of $175,500.00. Following the purchase, the director owned 60,000 shares in the company, valued at approximately $702,000. This represents a 33.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Pinnacle Wealth Planning Services Inc. boosted its holdings in Grocery Outlet by 103.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,511 shares of the company’s stock worth $28,000 after purchasing an additional 1,276 shares during the last quarter. Allworth Financial LP purchased a new stake in Grocery Outlet in the 2nd quarter valued at about $40,000. Quantbot Technologies LP bought a new position in shares of Grocery Outlet during the 2nd quarter worth approximately $46,000. Public Employees Retirement System of Ohio bought a new position in shares of Grocery Outlet during the 2nd quarter worth approximately $58,000. Finally, GAMMA Investing LLC grew its holdings in shares of Grocery Outlet by 165.9% in the second quarter. GAMMA Investing LLC now owns 8,599 shares of the company’s stock valued at $86,000 after acquiring an additional 5,365 shares in the last quarter. 99.87% of the stock is owned by institutional investors.

Grocery Outlet News Summary

These are some of the GO news items that stood out recently:

Positive Sentiment: Fiscal 2026 EPS guidance of $0.52–$0.55 includes the current $0.52 consensus estimate, while revenue guidance of $4.7–$4.72 billion is broadly in line with expectations. Grocery Outlet Announces Third Quarter Fiscal 2026 Financial Results
Neutral Sentiment: TD Cowen raised its price target to $14 from $12, and Wells Fargo lifted its target to $13 from $11. Both firms maintained neutral ratings, limiting the significance of the increases. TD Cowen stock recommendations
Negative Sentiment: Comparable-sales growth was modest: higher traffic was partly offset by smaller baskets. Higher costs and promotional pricing are weighing on profit expectations, and quarterly EPS of $0.16 was down from $0.21 a year earlier. An analyst review also argued that the valuation remains unattractive despite the recent pullback. Grocery Outlet: Winning The Treasure Hunt, But Losing The Grocery War

Grocery Outlet Company Profile

(Get Free Report)

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.