Grocery Outlet (NASDAQ:GO) Stock Price Up 5.7% – Time to Buy?

Grocery Outlet Holding Corp. (NASDAQ:GO)’s stock price traded up 5.7% during trading on Tuesday . The stock traded as high as $7.75 and last traded at $8.0260. 174,450 shares were traded during mid-day trading, a decline of 95% from the average session volume of 3,452,232 shares. The stock had previously closed at $7.59.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. DA Davidson boosted their price objective on Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday. Wells Fargo & Company increased their price target on Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Morgan Stanley reduced their price objective on shares of Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. The Goldman Sachs Group lowered their target price on shares of Grocery Outlet from $12.00 to $9.00 and set a “sell” rating on the stock in a research note on Thursday, February 19th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $7.00 price target (down from $18.00) on shares of Grocery Outlet in a research note on Thursday, March 5th. Eleven analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $10.32.

Grocery Outlet Stock Performance

The company has a market capitalization of $810.25 million, a price-to-earnings ratio of -2.12, a P/E/G ratio of 11.63 and a beta of 0.66. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.27 and a current ratio of 1.28. The firm’s 50 day simple moving average is $7.13 and its 200-day simple moving average is $9.28.

Grocery Outlet (NASDAQ:GO) last issued its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.03. Grocery Outlet had a positive return on equity of 5.69% and a negative net margin of 8.08%.The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the firm posted $0.13 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Analysts expect that Grocery Outlet Holding Corp. will post 0.37 EPS for the current year.

Insider Buying and Selling at Grocery Outlet

In related news, Director Erik D. Ragatz acquired 125,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were acquired at an average cost of $6.00 per share, with a total value of $750,000.00. Following the purchase, the director owned 326,500 shares of the company’s stock, valued at approximately $1,959,000. The trade was a 62.03% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey York bought 120,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was purchased at an average price of $5.82 per share, for a total transaction of $698,400.00. Following the acquisition, the director directly owned 120,000 shares in the company, valued at approximately $698,400. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 899,905 shares of company stock worth $5,396,307 and have sold 89,493 shares worth $524,431. 4.50% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Grocery Outlet

Hedge funds have recently modified their holdings of the business. Bank of America Corp DE boosted its position in Grocery Outlet by 31.3% in the 1st quarter. Bank of America Corp DE now owns 1,083,541 shares of the company’s stock valued at $7,639,000 after buying an additional 258,292 shares during the last quarter. Amundi increased its stake in Grocery Outlet by 19.9% in the first quarter. Amundi now owns 15,371 shares of the company’s stock valued at $108,000 after purchasing an additional 2,556 shares in the last quarter. California State Teachers Retirement System raised its holdings in Grocery Outlet by 74.6% in the first quarter. California State Teachers Retirement System now owns 157,688 shares of the company’s stock worth $1,112,000 after purchasing an additional 67,379 shares during the period. Quantinno Capital Management LP raised its holdings in Grocery Outlet by 217.0% in the first quarter. Quantinno Capital Management LP now owns 429,869 shares of the company’s stock worth $3,031,000 after purchasing an additional 294,280 shares during the period. Finally, Rangeley Capital LLC bought a new position in shares of Grocery Outlet during the first quarter worth $282,000. 99.87% of the stock is owned by institutional investors.

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.