Grocery Outlet Holding Corp. (NASDAQ:GO) Receives Average Rating of “Reduce” from Analysts

Grocery Outlet Holding Corp. (NASDAQ:GO) has been assigned a consensus recommendation of “Reduce” from the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and eleven have given a hold recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $10.3182.

Several research analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of Grocery Outlet from $7.00 to $9.00 and gave the company an “equal weight” rating in a report on Thursday, May 14th. TD Cowen lifted their price target on shares of Grocery Outlet from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Thursday, May 14th. DA Davidson boosted their price target on shares of Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Weiss Ratings downgraded shares of Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd.

Insider Buying and Selling at Grocery Outlet

In other news, insider Paul Blaine Miller bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of $9.50 per share, with a total value of $47,500.00. Following the transaction, the insider directly owned 64,171 shares in the company, valued at $609,624.50. This trade represents a 8.45% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Aster Capital Management DIFC Ltd lifted its stake in Grocery Outlet by 1,030.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock valued at $26,000 after buying an additional 2,308 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in shares of Grocery Outlet during the fourth quarter worth approximately $35,000. Chicago Partners Investment Group LLC purchased a new position in shares of Grocery Outlet during the first quarter worth approximately $71,000. State of Wyoming increased its holdings in shares of Grocery Outlet by 96.9% in the 4th quarter. State of Wyoming now owns 7,886 shares of the company’s stock valued at $80,000 after acquiring an additional 3,880 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of Grocery Outlet by 165.9% in the 2nd quarter. GAMMA Investing LLC now owns 8,599 shares of the company’s stock valued at $86,000 after acquiring an additional 5,365 shares during the period. Institutional investors and hedge funds own 99.87% of the company’s stock.

Grocery Outlet Stock Down 2.2%

GO stock traded down $0.22 during trading on Friday, hitting $9.98. 1,342,799 shares of the company’s stock were exchanged, compared to its average volume of 2,426,797. The business has a 50-day moving average price of $8.89 and a two-hundred day moving average price of $8.68. The stock has a market capitalization of $987.22 million, a price-to-earnings ratio of -2.57, a PEG ratio of 15.44 and a beta of 0.64. Grocery Outlet has a 52-week low of $5.66 and a 52-week high of $19.41. The company has a current ratio of 1.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. The firm’s revenue was up 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. As a group, equities research analysts expect that Grocery Outlet will post 0.38 EPS for the current 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.