Grocery Outlet Holding Corp. (NASDAQ:GO – Get Free Report) has been assigned a consensus rating of “Reduce” from the thirteen research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $10.3182.
Several brokerages have recently weighed in on GO. DA Davidson lifted their price objective on Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wells Fargo & Company upped their target price on Grocery Outlet from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Weiss Ratings raised Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday. Finally, TD Cowen lifted their price target on shares of Grocery Outlet from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Thursday, May 14th.
View Our Latest Report on Grocery Outlet
Grocery Outlet Stock Down 1.5%
Grocery Outlet (NASDAQ:GO – Get Free Report) last released its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Grocery Outlet had a positive return on equity of 5.69% and a negative net margin of 8.08%.The firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business earned $0.13 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, research analysts forecast that Grocery Outlet will post 0.38 EPS for the current year.
Insider Activity
In other Grocery Outlet news, insider Paul Blaine Miller acquired 10,000 shares of Grocery Outlet stock in a transaction dated Thursday, June 18th. The stock was bought at an average cost of $9.37 per share, with a total value of $93,700.00. Following the acquisition, the insider owned 59,171 shares of the company’s stock, valued at approximately $554,432.27. The trade was a 20.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.50% of the company’s stock.
Institutional Trading of Grocery Outlet
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GO. Aster Capital Management DIFC Ltd lifted its stake in Grocery Outlet by 1,030.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock worth $26,000 after purchasing an additional 2,308 shares during the period. Kestra Advisory Services LLC acquired a new stake in Grocery Outlet during the fourth quarter valued at approximately $35,000. Chicago Partners Investment Group LLC bought a new stake in shares of Grocery Outlet in the 1st quarter valued at approximately $71,000. State of Wyoming grew its stake in shares of Grocery Outlet by 96.9% in the 4th quarter. State of Wyoming now owns 7,886 shares of the company’s stock valued at $80,000 after purchasing an additional 3,880 shares during the period. Finally, GAMMA Investing LLC raised its holdings in shares of Grocery Outlet by 165.9% in the 2nd quarter. GAMMA Investing LLC now owns 8,599 shares of the company’s stock worth $86,000 after buying an additional 5,365 shares in the last quarter. Institutional investors 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.
Featured Articles
- Five stocks we like better than Grocery Outlet
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
Receive News & Ratings for Grocery Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grocery Outlet and related companies with MarketBeat.com's FREE daily email newsletter.
