Analysts Set Grocery Outlet Holding Corp. (NASDAQ:GO) Price Target at $10.68

Grocery Outlet Holding Corp. (NASDAQ:GO) has been given a consensus rating of “Reduce” by the thirteen analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $10.6818.

Several equities analysts have weighed in on GO shares. Craig Hallum cut shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. TD Cowen reiterated a “hold” rating on shares of Grocery Outlet in a research report on Thursday, March 5th. DA Davidson set a $8.00 price objective on shares of Grocery Outlet in a research report on Thursday, March 5th. Morgan Stanley lowered their price objective on shares of Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 5th. Finally, Telsey Advisory Group cut shares of Grocery Outlet from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $15.00 to $9.00 in a research report on Thursday, March 5th.

Insider Activity at Grocery Outlet

In related news, Director Carey F. Jaros purchased 40,000 shares of the stock in a transaction dated Tuesday, March 10th. The shares were acquired at an average cost of $6.26 per share, for a total transaction of $250,400.00. Following the acquisition, the director directly owned 76,066 shares in the company, valued at approximately $476,173.16. The trade was a 110.91% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey York purchased 120,000 shares of the stock in a transaction dated Monday, March 9th. The shares were bought at an average price of $5.82 per share, for a total transaction of $698,400.00. Following the completion of the acquisition, the director owned 120,000 shares in the company, valued at $698,400. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last quarter, insiders have acquired 899,905 shares of company stock valued at $5,396,307 and have sold 89,493 shares valued at $524,431. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Grocery Outlet

Institutional investors and hedge funds have recently modified their holdings of the stock. Bayforest Capital Ltd purchased a new position in shares of Grocery Outlet during the 3rd quarter valued at $29,000. Hantz Financial Services Inc. grew its holdings in shares of Grocery Outlet by 591.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,033 shares of the company’s stock valued at $33,000 after acquiring an additional 1,739 shares in the last quarter. Aster Capital Management DIFC Ltd grew its holdings in shares of Grocery Outlet by 1,030.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock valued at $26,000 after acquiring an additional 2,308 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Grocery Outlet during the 4th quarter valued at $35,000. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Grocery Outlet by 62.7% during the 3rd quarter. PNC Financial Services Group Inc. now owns 4,788 shares of the company’s stock valued at $77,000 after acquiring an additional 1,846 shares in the last quarter. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Grocery Outlet Price Performance

NASDAQ GO opened at $8.35 on Tuesday. Grocery Outlet has a 1 year low of $5.66 and a 1 year high of $19.41. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.32 and a current ratio of 1.37. The stock has a market capitalization of $825.98 million, a P/E ratio of -3.65, a P/E/G ratio of 2.45 and a beta of 0.66. The business’s fifty day moving average is $7.43 and its two-hundred day moving average is $9.84.

Grocery Outlet (NASDAQ:GO) last posted its quarterly earnings data on Wednesday, March 4th. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.02). Grocery Outlet had a positive return on equity of 5.93% and a negative net margin of 4.80%.The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the firm posted $0.15 earnings per share. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, research analysts forecast that Grocery Outlet will post 0.37 earnings per share for the current fiscal year.

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.