Grocery Outlet (NASDAQ:GO) Hits New 52-Week High – Still a Buy?

Posted by Brian Himes on Nov 4th, 2026

Shares of Grocery Outlet Holding Corp. (NASDAQ:GO – Get Free Report) hit a new 52-week high on Wednesday. The stock traded as high as $13.99 and last traded at $13.9640, with a volume of 771,117 shares trading hands. The stock had previously closed at $12.78.

Analysts Set New Price Targets

Several research firms have issued reports on GO. DA Davidson raised their price target on shares of Grocery Outlet from $9.00 to $12.00 and gave the stock a “neutral” rating in a research note on Thursday, August 13th. Wells Fargo & Company raised their price objective on Grocery Outlet from $9.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Morgan Stanley upped their target price on Grocery Outlet from $7.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $9.00 target price on shares of Grocery Outlet in a research report on Thursday, August 13th. Finally, Bank of America raised Grocery Outlet from a “neutral” rating to a “buy” rating and raised their price target for the stock from $12.50 to $15.00 in a research note on Wednesday, September 30th. One research analyst has rated the stock with a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $10.50.

Check Out Our Latest Analysis on Grocery Outlet

Grocery Outlet Stock Performance

The company has a quick ratio of 0.30, a current ratio of 1.29 and a debt-to-equity ratio of 0.60. The company has a market cap of $1.36 billion, a PE ratio of -3.54, a P/E/G ratio of 9.20 and a beta of 0.64. The stock’s 50 day simple moving average is $12.06 and its two-hundred day simple moving average is $9.61.

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

Insiders Place Their Bets

In other Grocery Outlet news, Director Carey Jaros bought 15,000 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were acquired 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. The trade was a 33.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Miller bought 8,000 shares of Grocery Outlet stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $10.90 per share, for a total transaction of $87,200.00. Following the acquisition, the insider directly owned 72,171 shares in the company, valued at approximately $786,663.90. This represents a 12.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Grocery Outlet

A number of large investors have recently modified their holdings of GO. Pinnacle Wealth Planning Services Inc. lifted its holdings in Grocery Outlet by 103.3% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,511 shares of the company’s stock worth $28,000 after buying an additional 1,276 shares in the last quarter. Allworth Financial LP purchased a new position in Grocery Outlet in the 2nd quarter valued at about $40,000. Quantbot Technologies LP acquired a new stake in shares of Grocery Outlet during the second quarter valued at about $46,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Grocery Outlet during the second quarter valued at about $58,000. Finally, GAMMA Investing LLC grew its stake in shares of Grocery Outlet by 165.9% during 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. Institutional investors and hedge funds own 99.87% of the company’s stock.

Grocery Outlet Company Profile

(Get Free Report)

Grocery Outlet Holding Corp. operates a network of independently operated, extreme-value grocery stores under the Grocery Outlet banner. The company offers a broad assortment of products, including fresh produce, meat, dairy, deli items, frozen foods, packaged groceries, beverages, health and beauty products, household essentials and seasonal merchandise.

Its business model is based on opportunistic purchasing, allowing Grocery Outlet to source branded and private-label products from manufacturers, distributors and other suppliers when they are available through closeouts, surplus inventory, packaging changes, production overruns or other special buying opportunities.