Zacks Research Cuts Earnings Estimates for Grocery Outlet

Grocery Outlet Holding Corp. (NASDAQ:GO) – Investment analysts at Zacks Research decreased their Q2 2026 earnings per share estimates for shares of Grocery Outlet in a research note issued to investors on Wednesday, May 27th. Zacks Research analyst Team now anticipates that the company will post earnings of $0.09 per share for the quarter, down from their previous estimate of $0.13. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.37 per share. Zacks Research also issued estimates for Grocery Outlet’s FY2026 earnings at $0.37 EPS.

Grocery Outlet (NASDAQ:GO) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business earned $0.13 earnings per share. 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.

Other analysts have also recently issued reports about the company. Weiss Ratings cut Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. Wells Fargo & Company raised their price objective on Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Jefferies Financial Group reissued a “hold” rating and set a $7.00 price target (down from $18.00) on shares of Grocery Outlet in a report on Thursday, March 5th. DA Davidson lifted their price objective on Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Telsey Advisory Group lowered Grocery Outlet from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $15.00 to $9.00 in a report on Thursday, March 5th. Eleven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Grocery Outlet currently has a consensus rating of “Reduce” and a consensus price target of $10.32.

Grocery Outlet Price Performance

NASDAQ:GO opened at $8.51 on Monday. The company has a quick ratio of 0.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.59. The stock’s fifty day moving average is $7.49 and its two-hundred day moving average is $8.96. Grocery Outlet has a 52 week low of $5.66 and a 52 week high of $19.41. The stock has a market capitalization of $841.81 million, a price-to-earnings ratio of -2.19, a price-to-earnings-growth ratio of 13.37 and a beta of 0.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of GO. Aster Capital Management DIFC Ltd grew its position in Grocery Outlet by 1,030.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock worth $26,000 after purchasing an additional 2,308 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Grocery Outlet by 591.5% during the third quarter. Hantz Financial Services Inc. now owns 2,033 shares of the company’s stock valued at $33,000 after purchasing an additional 1,739 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Grocery Outlet during the fourth quarter valued at approximately $35,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Grocery Outlet in the 1st quarter valued at approximately $71,000. Finally, PNC Financial Services Group Inc. lifted its position in shares of Grocery Outlet by 62.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,788 shares of the company’s stock valued at $77,000 after acquiring an additional 1,846 shares in the last quarter. Institutional investors own 99.87% of the company’s stock.

Insider Activity

In other news, Director Carey F. Jaros acquired 40,000 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were purchased at an average price of $6.26 per share, for a total transaction of $250,400.00. Following the acquisition, the director directly owned 76,066 shares of the company’s stock, valued at $476,173.16. This represents a 110.91% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey York bought 120,000 shares of the business’s stock in a transaction dated Monday, March 9th. The stock was bought at an average price of $5.82 per share, for a total transaction of $698,400.00. Following the purchase, the director owned 120,000 shares in the company, valued at approximately $698,400. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders bought 899,905 shares of company stock worth $5,396,307 and sold 89,493 shares worth $524,431. Company insiders own 4.50% of the company’s stock.

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.