DA Davidson Comments on Grocery Outlet Q2 Earnings

Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) - Analysts at DA Davidson issued their Q2 2025 earnings estimates for Grocery Outlet in a research note issued on Wednesday, May 7th. DA Davidson analyst M. Baker anticipates that the company will post earnings per share of $0.13 for the quarter. The consensus estimate for Grocery Outlet's current full-year earnings is $0.63 per share.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company upped their price target on Grocery Outlet from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday. Jefferies Financial Group raised Grocery Outlet from a "hold" rating to a "buy" rating and raised their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, April 16th. The Goldman Sachs Group dropped their target price on Grocery Outlet from $14.00 to $11.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. Morgan Stanley cut 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. Finally, Bank of America lowered their price objective on shares of Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $15.62.

Grocery Outlet Price Performance

Shares of NASDAQ:GO opened at $15.33 on Thursday. Grocery Outlet has a 12 month low of $10.26 and a 12 month high of $23.25. 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 of $13.97 and a 200-day moving average of $15.90. The stock has a market capitalization of $1.50 billion, a PE ratio of 30.06, a PEG ratio of 9.08 and a beta of 0.42.

Grocery Outlet (NASDAQ:GO - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.06. Grocery Outlet had a return on equity of 5.25% and a net margin of 1.20%. The company had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter last year, the firm earned $0.09 earnings per share. The company's revenue was up 8.6% on a year-over-year basis.

Institutional Trading of Grocery Outlet

A number of large investors have recently made changes to their positions in GO. Decker Retirement Planning Inc. purchased a new position in shares of Grocery Outlet in the fourth quarter worth about $31,000. Aster Capital Management DIFC Ltd purchased a new position in shares of Grocery Outlet during the fourth quarter worth $41,000. Quadrant Capital Group LLC lifted its position 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 during the period. KBC Group NV boosted its holdings in 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 last quarter. Finally, PNC Financial Services Group Inc. grew its position in Grocery Outlet by 472.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company's stock worth $76,000 after purchasing an additional 4,040 shares during the period. 99.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Grocery Outlet

In related news, Director Erik D. Ragatz acquired 165,000 shares of the firm's stock in a transaction on Friday, February 28th. The shares were acquired at an average cost of $12.25 per share, for a total transaction of $2,021,250.00. Following the completion of the transaction, the director now directly owns 201,500 shares in the company, valued at approximately $2,468,375. This trade represents a 452.05 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the executive vice president now owns 173,605 shares of the company's stock, valued at approximately $1,968,680.70. This represents a 3.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 200,000 shares of company stock valued at $2,435,050 and have sold 17,756 shares valued at $216,892. Insiders own 4.50% of the company's stock.

Grocery Outlet Company Profile

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.

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