Grocery Outlet Holding Corp. (NASDAQ:GO) Given Average Rating of “Hold” by Analysts

Grocery Outlet Holding Corp. (NASDAQ:GO) has been assigned an average rating of “Hold” from the thirteen research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $14.50.

GO has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft set a $11.00 price target on Grocery Outlet in a research report on Thursday, January 8th. Morgan Stanley decreased their target price on shares of Grocery Outlet from $14.00 to $11.00 and set an “equal weight” rating on the stock in a report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Grocery Outlet in a report on Wednesday, October 8th. DA Davidson restated a “neutral” rating and set a $15.00 price target on shares of Grocery Outlet in a research report on Thursday, December 4th. Finally, Zacks Research downgraded Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th.

Insider Buying and Selling at Grocery Outlet

In other news, EVP Steven K. Wilson sold 25,000 shares of Grocery Outlet stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $12.53, for a total transaction of $313,250.00. Following the completion of the sale, the executive vice president owned 116,923 shares in the company, valued at approximately $1,465,045.19. This trade represents a 17.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Grocery Outlet

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. PNC Financial Services Group Inc. grew its stake 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 worth $37,000 after buying an additional 719 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Grocery Outlet by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 72,087 shares of the company’s stock worth $895,000 after acquiring an additional 739 shares during the last quarter. Bank of Montreal Can grew its position in Grocery Outlet by 5.1% in the second quarter. Bank of Montreal Can now owns 16,525 shares of the company’s stock worth $205,000 after acquiring an additional 803 shares in the last quarter. Amalgamated Bank increased its stake in Grocery Outlet by 3.5% in the third quarter. Amalgamated Bank now owns 28,875 shares of the company’s stock valued at $463,000 after acquiring an additional 967 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Grocery Outlet by 213.5% during the second quarter. Parallel Advisors LLC now owns 2,025 shares of the company’s stock valued at $25,000 after purchasing an additional 1,379 shares in the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.

Grocery Outlet Trading Down 1.6%

NASDAQ:GO opened at $9.59 on Friday. Grocery Outlet has a 1 year low of $8.96 and a 1 year high of $19.41. The stock’s fifty day moving average price is $10.49 and its two-hundred day moving average price is $13.86. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.25. The company has a market cap of $941.16 million, a P/E ratio of -191.80, a P/E/G ratio of 1.89 and a beta of 0.47.

Grocery Outlet (NASDAQ:GO) last released its quarterly earnings data on Tuesday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.18 billion. Grocery Outlet had a positive return on equity of 5.86% and a negative net margin of 0.10%.The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.28 EPS. Grocery Outlet has set its FY 2025 guidance at 0.780-0.80 EPS. As a group, analysts expect that Grocery Outlet will post 0.63 EPS for the current year.

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.