Grocery Outlet (NASDAQ:GO) Hits New 52-Week Low – What’s Next?

Grocery Outlet Holding Corp. (NASDAQ:GO) shares reached a new 52-week low on Monday . The company traded as low as $5.90 and last traded at $5.92, with a volume of 1553383 shares changing hands. The stock had previously closed at $6.59.

Wall Street Analyst Weigh In

Several research firms have commented on GO. Weiss Ratings reiterated a “sell (d)” rating on shares of Grocery Outlet in a report on Thursday, January 22nd. Wells Fargo & Company reduced their target price on shares of Grocery Outlet from $10.50 to $7.00 and set an “equal weight” rating for the company in a report on Thursday. Zacks Research lowered shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. DA Davidson set a $8.00 price target on shares of Grocery Outlet in a report on Thursday. Finally, TD Cowen restated a “hold” rating on shares of Grocery Outlet in a research report on Thursday. Eleven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $10.68.

Grocery Outlet Stock Down 13.1%

The stock has a fifty day moving average price of $9.64 and a two-hundred day moving average price of $12.54. The company has a market cap of $562.42 million, a price-to-earnings ratio of -2.50, a P/E/G ratio of 1.44 and a beta of 0.50. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Grocery Outlet (NASDAQ:GO) last announced its earnings results on Wednesday, March 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the company earned $0.15 EPS. The business’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. As a group, sell-side analysts expect that Grocery Outlet Holding Corp. will post 0.63 EPS for the current year.

Hedge Funds Weigh In On Grocery Outlet

A number of hedge funds have recently added to or reduced their stakes in GO. Aster Capital Management DIFC Ltd lifted its position 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 during the period. Bayforest Capital Ltd acquired a new position in Grocery Outlet in the third quarter valued at about $29,000. Hantz Financial Services Inc. lifted its position in 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. Kestra Advisory Services LLC acquired a new stake in Grocery Outlet during the fourth quarter worth about $35,000. Finally, PNC Financial Services Group Inc. increased its holdings in Grocery Outlet by 32.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company’s stock valued at $37,000 after buying an additional 719 shares during the period. Institutional investors own 99.87% 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.