Telsey Advisory Group Predicts Grocery Outlet Q1 Earnings

Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) - Equities researchers at Telsey Advisory Group issued their Q1 2026 earnings per share (EPS) estimates for Grocery Outlet in a report released on Wednesday, April 30th. Telsey Advisory Group analyst J. Feldman forecasts that the company will post earnings of $0.05 per share for the quarter. Telsey Advisory Group currently has a "Market Perform" rating and a $16.00 target price on the stock. The consensus estimate for Grocery Outlet's current full-year earnings is $0.63 per share. Telsey Advisory Group also issued estimates for Grocery Outlet's Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.30 EPS and Q4 2026 earnings at $0.12 EPS.

Several other research analysts also recently commented on the stock. Bank of America lowered their price objective on shares of Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Wells Fargo & Company dropped their price objective on Grocery Outlet from $23.00 to $18.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group upgraded Grocery Outlet from a "hold" rating to a "buy" rating and lifted their target price for the company from $13.00 to $18.00 in a research report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft cut shares of Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 target price for the company. in a report on Wednesday, February 26th. Finally, Morgan Stanley decreased their price target on shares of Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating on the stock in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Grocery Outlet has an average rating of "Hold" and a consensus price target of $15.46.

Grocery Outlet Price Performance

NASDAQ GO traded down $0.18 during midday trading on Friday, hitting $16.30. The company had a trading volume of 5,675,467 shares, compared to its average volume of 2,365,079. The company has a market capitalization of $1.60 billion, a PE ratio of 31.96, a P/E/G ratio of 9.08 and a beta of 0.42. Grocery Outlet has a twelve month low of $10.26 and a twelve month high of $26.21. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The firm has a 50-day moving average price of $13.71 and a 200-day moving average price of $15.91.

Insiders Place Their Bets

In related news, EVP Steven K. Wilson sold 6,477 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total value of $73,449.18. Following the completion of the transaction, the executive vice president now owns 173,605 shares in the company, valued at $1,968,680.70. This trade represents a 3.60 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Erik D. Ragatz purchased 165,000 shares of Grocery Outlet stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $12.25 per share, with a total value of $2,021,250.00. Following the completion of the transaction, the director now directly owns 201,500 shares in the company, valued at $2,468,375. The trade was a 452.05 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 200,000 shares of company stock worth $2,435,050 and have sold 17,756 shares worth $216,892. Insiders own 4.50% of the company's stock.

Hedge Funds Weigh In On Grocery Outlet

A number of hedge funds have recently bought and sold shares of the business. Decker Retirement Planning Inc. acquired a new position in shares of Grocery Outlet during the 4th quarter worth approximately $31,000. Aster Capital Management DIFC Ltd acquired a new position in Grocery Outlet during the fourth quarter worth $41,000. Quadrant Capital Group LLC lifted its holdings in Grocery Outlet by 276.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company's stock valued at $43,000 after purchasing an additional 2,036 shares in the last quarter. KBC Group NV grew its position in shares of Grocery Outlet by 62.7% in the fourth quarter. KBC Group NV now owns 4,506 shares of the company's stock valued at $70,000 after purchasing an additional 1,736 shares during the period. Finally, GAMMA Investing LLC increased its stake in shares of Grocery Outlet by 236.0% during the first quarter. GAMMA Investing LLC now owns 5,188 shares of the company's stock worth $73,000 after purchasing an additional 3,644 shares in the last quarter. Hedge funds and other institutional investors own 99.87% of the company's stock.

About Grocery Outlet

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.