Grocery Outlet Holding Corp. (NASDAQ:GO) Receives $10.32 Consensus Target Price from Analysts

Grocery Outlet Holding Corp. (NASDAQ:GO) has received an average rating of “Reduce” from the thirteen ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $10.3182.

Several equities research analysts recently weighed in on GO shares. DA Davidson increased their target price on shares of Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. The Goldman Sachs Group decreased their price objective on Grocery Outlet from $12.00 to $9.00 and set a “sell” rating on the stock in a report on Thursday, February 19th. Craig Hallum lowered Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Telsey Advisory Group downgraded shares of Grocery Outlet from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $15.00 to $9.00 in a research note on Thursday, March 5th. Finally, Weiss Ratings cut shares of Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, May 15th.

Grocery Outlet Stock Performance

Shares of NASDAQ GO opened at $8.51 on Friday. Grocery Outlet has a 12 month low of $5.66 and a 12 month high of $19.41. The company has a market cap of $841.81 million, a P/E ratio of -2.19, a P/E/G ratio of 13.54 and a beta of 0.66. The business’s 50 day moving average is $7.49 and its two-hundred day moving average is $8.98. The company has a quick ratio of 0.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.59.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the company posted $0.13 earnings per share. Grocery Outlet’s quarterly revenue was up 3.6% on a year-over-year basis. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, equities analysts expect that Grocery Outlet will post 0.37 EPS for the current year.

Insider Activity at Grocery Outlet

In related news, Director Erik D. Ragatz acquired 50,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were bought at an average cost of $5.75 per share, with a total value of $287,500.00. Following the completion of the acquisition, the director owned 526,500 shares of the company’s stock, valued at $3,027,375. This trade represents a 10.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Steven K. Wilson sold 4,721 shares of the stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $6.06, for a total value of $28,609.26. Following the completion of the transaction, the executive vice president directly owned 120,171 shares of the company’s stock, valued at approximately $728,236.26. The trade was a 3.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders acquired 899,905 shares of company stock valued at $5,396,307 and sold 89,493 shares valued at $524,431. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Grocery Outlet

Several hedge funds have recently modified their holdings of GO. Aster Capital Management DIFC Ltd increased its holdings in 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 purchasing an additional 2,308 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Grocery Outlet by 591.5% in the third quarter. Hantz Financial Services Inc. now owns 2,033 shares of the company’s stock valued at $33,000 after buying an additional 1,739 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Grocery Outlet during the 4th quarter worth about $35,000. Chicago Partners Investment Group LLC acquired a new stake in Grocery Outlet in the 1st quarter valued at about $71,000. Finally, PNC Financial Services Group Inc. raised its stake in shares of Grocery Outlet by 62.7% in the third quarter. PNC Financial Services Group Inc. now owns 4,788 shares of the company’s stock worth $77,000 after acquiring an additional 1,846 shares during the last quarter. Institutional investors and hedge funds own 99.87% of the company’s stock.

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.