Grocery Outlet (NASDAQ:GO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Grocery Outlet (NASDAQ:GO) had its target price lifted by research analysts at Wells Fargo & Company from $9.00 to $11.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target suggests a potential upside of 8.16% from the company’s current price.

Several other research analysts have also commented on the stock. Weiss Ratings lowered shares of Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. DA Davidson set a $12.00 target price on shares of Grocery Outlet in a research report on Thursday. Telsey Advisory Group set a $12.00 target price on Grocery Outlet in a report on Thursday. Finally, TD Cowen boosted their price target on Grocery Outlet from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, May 14th. Eleven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Grocery Outlet has an average rating of “Reduce” and a consensus target price of $10.45.

Grocery Outlet Stock Up 3.5%

GO opened at $10.17 on Thursday. Grocery Outlet has a fifty-two week low of $5.66 and a fifty-two week high of $19.23. The business has a 50-day moving average of $9.59 and a 200-day moving average of $8.63. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.27. The company has a market capitalization of $1.01 billion, a PE ratio of -2.62, a price-to-earnings-growth ratio of 15.51 and a beta of 0.65.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings results on Wednesday, August 12th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of $0.13 by $0.07. Grocery Outlet had a positive return on equity of 5.69% and a negative net margin of 8.08%.The business had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the business posted $0.23 EPS. The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. Equities research analysts forecast that Grocery Outlet will post 0.37 EPS for the current fiscal year.

Insiders Place Their Bets

In other Grocery Outlet news, insider Paul Blaine Miller acquired 5,000 shares of the company’s stock in a transaction dated Thursday, June 25th. The stock was bought at an average price of $9.50 per share, for a total transaction of $47,500.00. Following the purchase, the insider owned 64,171 shares in the company, valued at $609,624.50. This represents a 8.45% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 5.60% of the stock is owned by corporate insiders.

Institutional Trading of Grocery Outlet

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its stake in Grocery Outlet by 54.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company’s stock worth $159,216,000 after purchasing an additional 5,528,722 shares during the period. BlackRock Inc. bought a new stake in shares of Grocery Outlet in the 2nd quarter valued at approximately $152,440,000. Vanguard Group Inc. raised its holdings in shares of Grocery Outlet by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock worth $113,685,000 after buying an additional 213,325 shares in the last quarter. Mackenzie Financial Corp boosted its stake in Grocery Outlet by 0.5% in the 4th quarter. Mackenzie Financial Corp now owns 4,709,721 shares of the company’s stock valued at $47,757,000 after buying an additional 22,418 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Grocery Outlet by 5.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,619,851 shares of the company’s stock valued at $74,149,000 after acquiring an additional 221,693 shares during the period. Institutional investors own 99.87% of the company’s stock.

Grocery Outlet News Roundup

Here are the key news stories impacting Grocery Outlet this week:

• Positive Sentiment: Earnings and revenue exceeded expectations. Grocery Outlet reported adjusted earnings of $0.20 per share, above the $0.12–$0.13 consensus range, while revenue of $1.19 billion topped estimates of approximately $1.17 billion. Net income increased to $5.6 million from $5.0 million a year earlier. Grocery Outlet Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Fiscal 2026 sales guidance was raised above Wall Street expectations. Management now expects full-year net sales of $4.70 billion to $4.72 billion, supporting the bullish reaction and suggesting confidence in the company’s value-focused strategy and operational initiatives. Grocery Outlet beats Q2 estimates and raises outlook
• Positive Sentiment: Recent insider activity provides an additional supportive signal. Several executives and directors have made sizable purchases during the past six months, including purchases by the CEO, which may indicate that insiders view the shares as undervalued.
• Neutral Sentiment: The earnings call highlighted a mixed operating picture. Revenue grew only 1.1% year over year, comparable-store sales declined 0.3%, and Grocery Outlet ended the quarter with 547 stores after opening 10 and closing 12. The company is pursuing growth and merchandising improvements, but investors will want evidence that these efforts can improve traffic and store productivity. Grocery Outlet Q2 2026 earnings call transcript
• Negative Sentiment: Profitability remains a concern. Reported EPS was $0.06, up from $0.05 but below the $0.23 adjusted EPS reported in the prior-year quarter, while the company continues to show a negative net margin. In addition, several large institutional holders reduced positions, creating a potential overhang despite the earnings beat.

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.