Brokers Offer Predictions for Grocery Outlet Q3 Earnings

Grocery Outlet Holding Corp. (NASDAQ:GO) – Investment analysts at Zacks Research reduced their Q3 2026 EPS estimates for shares of Grocery Outlet in a note issued to investors on Wednesday, August 26th. Zacks Research analyst Team now expects that the company will post earnings of $0.11 per share for the quarter, down from their previous estimate of $0.16. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.42 per share. Zacks Research also issued estimates for Grocery Outlet’s FY2026 earnings at $0.41 EPS, Q1 2027 earnings at $0.03 EPS, Q3 2027 earnings at $0.16 EPS, Q1 2028 earnings at $0.04 EPS and FY2028 earnings at $0.56 EPS.

Grocery Outlet (NASDAQ:GO) last announced its earnings results 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 for the quarter, compared to the consensus estimate of $1.17 billion. Grocery Outlet had a negative net margin of 8.04% and a positive return on equity of 5.84%. The company’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.23 EPS.

Several other brokerages also recently issued reports on GO. TD Cowen reissued a “hold” rating on shares of Grocery Outlet in a research note on Tuesday, August 18th. Morgan Stanley lifted 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. Weiss Ratings raised shares of Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Roth Capital reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Grocery Outlet in a research report on Thursday, August 13th. Finally, DA Davidson upped their price objective on shares of Grocery Outlet from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Thursday, August 13th. Twelve analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $10.59.

Grocery Outlet Stock Performance

Shares of Grocery Outlet stock opened at $11.70 on Friday. Grocery Outlet has a 12 month low of $5.66 and a 12 month high of $18.79. 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 stock has a market cap of $1.16 billion, a PE ratio of -3.02, a price-to-earnings-growth ratio of 8.61 and a beta of 0.65. The business has a fifty day simple moving average of $10.10 and a 200-day simple moving average of $8.77.

Institutional Investors Weigh In On Grocery Outlet

Institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in shares of Grocery Outlet by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 72,087 shares of the company’s stock valued at $895,000 after buying an additional 739 shares in the last quarter. HighTower Advisors LLC increased its holdings in Grocery Outlet by 2.3% in the second quarter. HighTower Advisors LLC now owns 50,377 shares of the company’s stock worth $503,000 after buying an additional 1,144 shares during the last quarter. Natixis Advisors LLC raised its position in Grocery Outlet by 5.5% during the third quarter. Natixis Advisors LLC now owns 30,320 shares of the company’s stock valued at $487,000 after acquiring an additional 1,591 shares in the last quarter. Rafferty Asset Management LLC raised its position in Grocery Outlet by 7.4% during the second quarter. Rafferty Asset Management LLC now owns 27,017 shares of the company’s stock valued at $336,000 after acquiring an additional 1,852 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Grocery Outlet by 1.7% in the second quarter. CANADA LIFE ASSURANCE Co now owns 115,509 shares of the company’s stock valued at $1,435,000 after acquiring an additional 1,957 shares during the last quarter. 99.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Paul Blaine Miller bought 10,000 shares of the stock in a transaction on Thursday, June 18th. The shares were purchased at an average price of $9.37 per share, for a total transaction of $93,700.00. Following the completion of the purchase, the insider directly owned 59,171 shares of the company’s stock, valued at $554,432.27. This trade represents a 20.34% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 23,000 shares of company stock valued at $228,400 in the last quarter. Insiders own 5.60% of the company’s stock.

Grocery Outlet Company Profile

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.