Grocery Outlet (NASDAQ:GO) Issues FY 2025 Earnings Guidance

Grocery Outlet (NASDAQ:GO) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.780-0.80 for the period, compared to the consensus EPS estimate of 0.730. The company issued revenue guidance of $4.7 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

Grocery Outlet Stock Down 0.3%

GO traded down $0.04 during trading hours on Tuesday, hitting $14.20. 3,133,062 shares of the company’s stock were exchanged, compared to its average volume of 3,114,604. The company has a current ratio of 1.21, a quick ratio of 0.25 and a debt-to-equity ratio of 0.38. The firm has a market cap of $1.39 billion, a P/E ratio of 202.94, a price-to-earnings-growth ratio of 2.87 and a beta of 0.29. The firm has a 50 day moving average of $16.26 and a 200 day moving average of $15.20. Grocery Outlet has a 12-month low of $10.26 and a 12-month high of $21.67.

Grocery Outlet (NASDAQ:GO) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Grocery Outlet had a net margin of 0.18% and a return on equity of 6.34%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same quarter in the prior year, the business earned $0.25 EPS. Grocery Outlet’s quarterly revenue was up 4.5% compared to the same quarter last year. Analysts predict that Grocery Outlet will post 0.63 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on GO shares. Telsey Advisory Group upgraded shares of Grocery Outlet from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $16.00 to $20.00 in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grocery Outlet in a research note on Wednesday, October 8th. Morgan Stanley raised shares of Grocery Outlet from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $13.00 to $16.00 in a research note on Wednesday, August 6th. Craig Hallum upgraded shares of Grocery Outlet from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, August 6th. Finally, Zacks Research upgraded Grocery Outlet from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Grocery Outlet currently has an average rating of “Hold” and a consensus price target of $16.27.

Insiders Place Their Bets

In other Grocery Outlet news, EVP Steven K. Wilson sold 20,000 shares of the business’s stock in a transaction on Friday, August 8th. The shares were sold at an average price of $19.20, for a total transaction of $384,000.00. Following the sale, the executive vice president directly owned 146,923 shares of the company’s stock, valued at $2,820,921.60. The trade was a 11.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.50% of the company’s stock.

Institutional Trading of Grocery Outlet

Several hedge funds have recently added to or reduced their stakes in GO. Tower Research Capital LLC TRC lifted its stake in Grocery Outlet by 189.1% in the second quarter. Tower Research Capital LLC TRC now owns 10,664 shares of the company’s stock valued at $132,000 after buying an additional 6,975 shares during the period. Franklin Resources Inc. acquired a new stake in shares of Grocery Outlet in the 2nd quarter valued at approximately $149,000. Tidal Investments LLC bought a new position in Grocery Outlet during the 2nd quarter worth approximately $159,000. AXA S.A. acquired a new position in Grocery Outlet during the second quarter valued at approximately $177,000. Finally, Cerity Partners LLC acquired a new stake in Grocery Outlet in the second quarter worth $184,000. Institutional investors own 99.87% of the company’s stock.

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.