Grocery Outlet (NASDAQ:GO) Stock Rating Raised to Buy at Bank of America

Posted by George Bondi on Sep 30th, 2026

Grocery Outlet (NASDAQ:GO – Get Free Report) was upgraded by investment analysts at Bank of America from a “neutral” rating to a “buy” rating in a research note issued on Wednesday, Benzinga reports. The firm presently has a $15.00 price objective on the stock, up from their prior price objective of $12.50. Bank of America‘s target price would indicate a potential upside of 36.99% from the company’s previous close.

A number of other analysts also recently issued reports on GO. Roth Capital reaffirmed a “neutral” rating and set a $10.00 price target on shares of Grocery Outlet in a report on Thursday, August 13th. TD Cowen restated a “hold” rating on shares of Grocery Outlet in a research report on Tuesday, August 18th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $9.00 target price on shares of Grocery Outlet in a report on Thursday, August 13th. Morgan Stanley boosted their target price on shares of Grocery Outlet from $7.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, Telsey Advisory Group reissued a “market perform” rating on shares of Grocery Outlet in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and a consensus target price of $10.50.

Read Our Latest Analysis on GO

Grocery Outlet Stock Down 1.4%

Grocery Outlet stock opened at $10.95 on Wednesday. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of -2.83, a PEG ratio of 7.72 and a beta of 0.72. The stock has a fifty day simple moving average of $10.91 and a two-hundred day simple moving average of $9.17. Grocery Outlet has a 12 month low of $5.66 and a 12 month high of $16.99. The company has a current ratio of 1.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60.

Grocery Outlet (NASDAQ:GO – Get Free Report) last released its quarterly earnings data on Wednesday, August 12th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.13 by $0.07. Grocery Outlet had a positive return on equity of 5.84% and a negative net margin of 8.04%.The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm posted $0.23 earnings per share. Grocery Outlet’s revenue was up 1.1% compared to the same quarter last year. Equities analysts predict that Grocery Outlet will post 0.42 EPS for the current fiscal year.

Insider Buying and Selling at Grocery Outlet

In other news, Director Carey Jaros bought 15,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was acquired at an average cost of $11.70 per share, with a total value of $175,500.00. Following the transaction, 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Paul Miller acquired 8,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The stock was purchased at an average price of $10.90 per share, with a total value of $87,200.00. Following the completion of the acquisition, the insider directly owned 72,171 shares of the company’s stock, valued at $786,663.90. This represents a 12.47% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in GO. BlackRock Inc. purchased a new stake in shares of Grocery Outlet during the 2nd quarter worth $152,440,000. Clearbridge Investments LLC raised its holdings in Grocery Outlet by 6.6% in the fourth quarter. Clearbridge Investments LLC now owns 2,816,721 shares of the company’s stock worth $28,449,000 after purchasing an additional 173,308 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Grocery Outlet by 31.3% during the first quarter. Bank of America Corp DE now owns 1,083,541 shares of the company’s stock valued at $7,639,000 after buying an additional 258,292 shares during the last quarter. Heartland Advisors Inc. boosted its holdings in shares of Grocery Outlet by 146.3% in the 4th quarter. Heartland Advisors Inc. now owns 682,650 shares of the company’s stock valued at $6,895,000 after buying an additional 405,500 shares in the last quarter. Finally, CenterBook Partners LP grew its position in shares of Grocery Outlet by 262.2% in the 4th quarter. CenterBook Partners LP now owns 645,159 shares of the company’s stock worth $6,516,000 after buying an additional 467,019 shares during the last quarter. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Grocery Outlet Company Profile

(Get Free Report)

Grocery Outlet Holding Corp. operates a network of independently operated, extreme-value grocery stores in the United States. The company offers a rotating selection of branded and private-label products at discounted prices, including groceries, fresh produce, meat, dairy, frozen foods, beverages, snacks, household goods and health and beauty products.

Its merchandising model is based on opportunistic buying, allowing Grocery Outlet to purchase surplus inventory, packaging changes, discontinued products and other bargains from manufacturers and distributors.