Shares of Grocery Outlet Holding Corp. (NASDAQ:GO – Get Free Report) have been assigned an average recommendation of “Reduce” from the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $9.65.
A number of analysts have commented on GO shares. Weiss Ratings downgraded shares of Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Wells Fargo & Company upped their price target on Grocery Outlet from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. DA Davidson increased their price target on Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, TD Cowen boosted their price objective on Grocery Outlet from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Thursday, May 14th.
Read Our Latest Analysis on Grocery Outlet
Grocery Outlet Stock Down 1.3%
Grocery Outlet (NASDAQ:GO – Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the company posted $0.13 EPS. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Equities research analysts forecast that Grocery Outlet will post 0.37 earnings per share for the current fiscal year.
Insider Activity
In related news, insider Paul Blaine Miller purchased 5,000 shares of Grocery Outlet stock in a transaction dated Thursday, June 25th. The shares were acquired at an average price of $9.50 per share, for a total transaction of $47,500.00. Following the acquisition, the insider directly owned 64,171 shares in the company, valued at approximately $609,624.50. The trade was a 8.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.60% of the stock is owned by company insiders.
Hedge Funds Weigh In On Grocery Outlet
A number of institutional investors have recently bought and sold shares of GO. Thrivent Financial for Lutherans raised its stake in shares of Grocery Outlet by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 72,087 shares of the company’s stock worth $895,000 after buying an additional 739 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of Grocery Outlet by 5.5% in the third 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 in the last quarter. Rafferty Asset Management LLC grew its holdings in 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 acquiring an additional 1,852 shares during the period. CANADA LIFE ASSURANCE Co grew its holdings in Grocery Outlet by 1.7% during the second quarter. CANADA LIFE ASSURANCE Co now owns 115,509 shares of the company’s stock worth $1,435,000 after acquiring an additional 1,957 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its position in Grocery Outlet by 1,030.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock worth $26,000 after acquiring an additional 2,308 shares in the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.
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
- SpaceX: Love the Company, But the Stock Is a Harder Call
- Ulta’s Growth Is Real, But So Are the Risks
- BWX Technologies Is Turning the AI Power Problem Into a Nuclear Growth Story
- Meta’s Earnings Drop Shows Wall Street Wants More Than Ad Growth
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.
