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

Shares of Grocery Outlet Holding Corp. (NASDAQ:GO) have earned a consensus recommendation of “Reduce” from the thirteen research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and eleven have issued a hold recommendation on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $10.3182.

GO has been the topic of several research analyst reports. Weiss Ratings raised Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a report on Tuesday. Wells Fargo & Company lifted 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. DA Davidson upped their price objective on Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, TD Cowen increased their target price on Grocery Outlet from $6.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, May 14th.

Grocery Outlet Price Performance

GO opened at $9.58 on Friday. The company’s 50-day simple moving average is $9.04 and its two-hundred day simple moving average is $8.66. 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 stock has a market capitalization of $947.65 million, a P/E ratio of -2.47, a P/E/G ratio of 14.99 and a beta of 0.64. Grocery Outlet has a 52-week low of $5.66 and a 52-week high of $19.41.

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

Insider Activity at Grocery Outlet

In other Grocery Outlet news, insider Paul Blaine Miller purchased 5,000 shares of Grocery Outlet stock in a transaction dated Thursday, June 25th. The stock was purchased at an average price of $9.50 per share, with a total value of $47,500.00. Following the transaction, the insider directly owned 64,171 shares of the company’s stock, valued at $609,624.50. This trade represents a 8.45% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Grocery Outlet

A number of hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd lifted its position in Grocery Outlet by 1,030.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock valued at $26,000 after purchasing an additional 2,308 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Grocery Outlet in the fourth quarter worth about $35,000. Chicago Partners Investment Group LLC bought a new position in shares of Grocery Outlet in the first quarter worth about $71,000. State of Wyoming lifted its position in shares of Grocery Outlet by 96.9% during the 4th quarter. State of Wyoming now owns 7,886 shares of the company’s stock valued at $80,000 after buying an additional 3,880 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Grocery Outlet by 165.9% during 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 own 99.87% of the company’s stock.

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.