Grocery Outlet (NASDAQ:GO) Given New $14.00 Price Target at TD Cowen

Key Points

• TD Cowen raised Grocery Outlet’s price target from $12 to $14 but maintained a Hold rating, implying 9.25% potential upside. Analysts’ consensus remains “Reduce,” with an average target of $11.41.
• Third-quarter revenue was $1.18 billion, slightly above estimates, while EPS of $0.16 matched consensus. Revenue grew 0.9% year over year, but EPS declined from $0.21 a year earlier.
• Fiscal 2026 revenue guidance came in slightly above expectations, while EPS guidance was broadly in line. Higher costs and promotional pricing are weighing on the profit outlook.

Grocery Outlet (NASDAQ:GO - Get Free Report) had its price target hoisted by investment analysts at TD Cowen from $12.00 to $14.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a "hold" rating on the stock. TD Cowen's price objective points to a potential upside of 9.25% from the company's current price.

GO has been the topic of a number of other reports. Weiss Ratings upgraded Grocery Outlet from a "sell (d-)" rating to a "sell (d)" rating in a research note on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a $9.00 price objective on shares of Grocery Outlet in a research report on Thursday, August 13th. Guggenheim restated a "neutral" rating on shares of Grocery Outlet in a research note on Wednesday. Wells Fargo & Company raised their target price on Grocery Outlet from $11.00 to $13.00 and gave the company an "equal weight" rating in a report on Wednesday. Finally, Telsey Advisory Group set a $14.00 target price on Grocery Outlet in a report on Wednesday. One research analyst has rated the stock with a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and a consensus target price of $11.41.

Grocery Outlet Stock Performance

NASDAQ:GO traded down $1.21 during midday trading on Wednesday, reaching $12.81. The stock had a trading volume of 2,105,286 shares, compared to its average volume of 2,933,128. Grocery Outlet has a 1-year low of $5.66 and a 1-year high of $14.32. The firm's fifty day simple moving average is $12.21 and its 200-day simple moving average is $9.71. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.29 and a quick ratio of 0.30. The stock has a market capitalization of $1.27 billion, a P/E ratio of -3.31, a PEG ratio of 9.64 and a beta of 0.64.

Grocery Outlet (NASDAQ:GO - Get Free Report) last released its earnings results on Tuesday, November 10th. The company reported $0.16 earnings per share for the quarter, hitting analysts' consensus estimates of $0.16. Grocery Outlet had a negative net margin of 8.04% and a positive return on equity of 5.84%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the business earned $0.21 EPS. The business's revenue was up .9% on a year-over-year basis. On average, equities research analysts forecast that Grocery Outlet will post 0.42 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Carey F. Jaros acquired 15,000 shares of the company's stock in a transaction dated Thursday, August 27th. The shares were bought at an average price of $11.70 per share, for a total transaction of $175,500.00. Following the acquisition, the director owned 60,000 shares in the company, valued at $702,000. This trade represents a 33.33% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Miller acquired 8,000 shares of the business's stock in a transaction dated Thursday, August 20th. The shares were bought at an average cost of $10.90 per share, with a total value of $87,200.00. Following the transaction, the insider directly owned 72,171 shares of the company's stock, valued at $786,663.90. The trade was a 12.47% increase in their position. The disclosure for this purchase is available in the SEC filing. 5.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Grocery Outlet

Several institutional investors and hedge funds have recently added to or reduced their stakes in GO. HighTower Advisors LLC lifted its position in shares of Grocery Outlet by 2.3% in the 2nd quarter. HighTower Advisors LLC now owns 50,377 shares of the company's stock worth $503,000 after acquiring an additional 1,144 shares during the period. Pinnacle Wealth Planning Services Inc. raised its stake in shares of Grocery Outlet by 103.3% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,511 shares of the company's stock valued at $28,000 after buying an additional 1,276 shares in the last quarter. Abel Hall LLC lifted its holdings in shares of Grocery Outlet by 7.1% during the 3rd quarter. Abel Hall LLC now owns 19,607 shares of the company's stock worth $221,000 after acquiring an additional 1,298 shares during the period. NorthCrest Asset Manangement LLC lifted its holdings in shares of Grocery Outlet by 13.5% during the 3rd quarter. NorthCrest Asset Manangement LLC now owns 15,282 shares of the company's stock worth $182,000 after acquiring an additional 1,821 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Grocery Outlet by 23.4% during the 3rd quarter. GAMMA Investing LLC now owns 10,615 shares of the company's stock valued at $119,000 after acquiring an additional 2,016 shares in the last quarter. 99.87% of the stock is currently owned by institutional investors.

Key Headlines Impacting Grocery Outlet

Investors following GO have been watching these headlines:

• Positive Sentiment: Third-quarter revenue was $1.18 billion, ahead of the roughly $1.17 billion consensus estimate. Comparable-store sales rose 0.5%, and fiscal 2026 revenue guidance of $4.70 billion–$4.72 billion is slightly above the $4.7 billion estimate. Company results
• Neutral Sentiment: Fiscal 2026 EPS guidance is $0.52–$0.55, versus a consensus estimate of $0.52—an improvement at the midpoint, but not a major upgrade relative to expectations.
• Negative Sentiment: Quarterly EPS of $0.16 was below the $0.21 reported a year earlier, while revenue grew just 0.9% year over year. Higher costs and promotional pricing are pressuring the profit outlook, limiting the impact of the sales beat. Profit outlook article

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. operates Grocery Outlet Bargain Market, a discount grocery chain offering brand-name products and private-label items at value-oriented prices. Its stores carry a range of goods, including groceries, fresh produce, meat, dairy, frozen foods and household products. The company uses opportunistic buying to source products, which can result in changing assortments and limited-time deals. Founded in 1946 by Jim Read, Grocery Outlet has grown from a California-based business into a retailer serving communities across the western United States and parts of the East Coast.

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