Grocery Outlet Holding Corp. (NASDAQ:GO) Given Average Recommendation of “Hold” by Brokerages

Grocery Outlet Holding Corp. (NASDAQ:GO) has received an average recommendation of “Hold” from the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating on the company. The average 12-month target price among brokerages that have covered the stock in the last year is $14.8636.

Several research firms have weighed in on GO. Telsey Advisory Group restated an “outperform” rating and issued a $17.00 price objective on shares of Grocery Outlet in a research report on Wednesday, December 3rd. TD Cowen lowered their price target on shares of Grocery Outlet from $18.00 to $16.00 and set a “hold” rating for the company in a report on Wednesday, November 5th. Weiss Ratings restated a “sell (d)” rating on shares of Grocery Outlet in a research report on Wednesday, October 8th. Zacks Research lowered Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Finally, Wells Fargo & Company dropped their target price on Grocery Outlet from $19.00 to $16.00 and set an “overweight” rating for the company in a research report on Friday, December 19th.

Insiders Place Their Bets

In other Grocery Outlet news, EVP Steven K. Wilson sold 25,000 shares of the company’s stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $12.53, for a total transaction of $313,250.00. Following the transaction, the executive vice president directly owned 116,923 shares in the company, valued at approximately $1,465,045.19. This represents a 17.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Grocery Outlet

Large investors have recently bought and sold shares of the business. Bayforest Capital Ltd acquired a new stake in Grocery Outlet during the 3rd quarter worth $29,000. Parallel Advisors LLC boosted its position in shares of Grocery Outlet by 213.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,025 shares of the company’s stock worth $25,000 after purchasing an additional 1,379 shares during the last quarter. Hantz Financial Services Inc. grew its stake in shares of Grocery Outlet by 591.5% during the third quarter. Hantz Financial Services Inc. now owns 2,033 shares of the company’s stock worth $33,000 after purchasing an additional 1,739 shares during the period. PNC Financial Services Group Inc. increased its holdings in Grocery Outlet by 32.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company’s stock valued at $37,000 after purchasing an additional 719 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in Grocery Outlet by 327.7% in the second quarter. AlphaQuest LLC now owns 5,761 shares of the company’s stock valued at $72,000 after buying an additional 4,414 shares during the period. 99.87% of the stock is currently owned by institutional investors and hedge funds.

Grocery Outlet Trading Down 0.4%

Shares of GO opened at $10.16 on Wednesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.25 and a current ratio of 1.30. The company has a market cap of $997.10 million, a price-to-earnings ratio of -203.20, a PEG ratio of 1.62 and a beta of 0.47. The stock has a fifty day moving average price of $11.62 and a two-hundred day moving average price of $14.17. Grocery Outlet has a 52-week low of $9.74 and a 52-week high of $19.41.

Grocery Outlet (NASDAQ:GO) last announced its earnings results on Tuesday, November 4th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Grocery Outlet had a positive return on equity of 5.86% and a negative net margin of 0.10%.The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business earned $0.28 earnings per share. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. Grocery Outlet has set its FY 2025 guidance at 0.780-0.80 EPS. Analysts predict that Grocery Outlet will post 0.63 EPS for the current fiscal year.

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.