FY2025 EPS Estimates for Grocery Outlet Increased by Analyst

Key Points

• DA Davidson has raised its FY2025 earnings per share estimate for Grocery Outlet from $0.55 to $0.64, indicating positive growth expectations.
• The company's latest quarterly earnings report showed a net margin of 0.18% and a revenue of $1.18 billion, slightly below analysts' expectations of $1.20 billion.
• Multiple analysts have recently upgraded their ratings on Grocery Outlet, with price targets ranging from $16.00 to $19.00 as of recent research notes.

Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) - Investment analysts at DA Davidson raised their FY2025 earnings per share estimates for shares of Grocery Outlet in a research report issued to clients and investors on Wednesday, August 6th. DA Davidson analyst M. Baker now anticipates that the company will post earnings per share of $0.64 for the year, up from their previous forecast of $0.55. The consensus estimate for Grocery Outlet's current full-year earnings is $0.63 per share. DA Davidson also issued estimates for Grocery Outlet's FY2026 earnings at $0.89 EPS.

Grocery Outlet (NASDAQ:GO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.20 billion. Grocery Outlet had a net margin of 0.18% and a return on equity of 6.34%. Grocery Outlet's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.25 EPS.

Several other analysts also recently weighed in on the stock. Craig Hallum raised shares of Grocery Outlet from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a research note on Wednesday. Wells Fargo & Company raised their price target on shares of Grocery Outlet from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Telsey Advisory Group reissued a "market perform" rating and set a $16.00 target price on shares of Grocery Outlet in a research note on Wednesday. Jefferies Financial Group raised Grocery Outlet from a "hold" rating to a "buy" rating and lifted their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, April 16th. Finally, UBS Group boosted their target price on Grocery Outlet from $14.50 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Grocery Outlet has a consensus rating of "Hold" and a consensus price target of $16.08.

Grocery Outlet Price Performance

Shares of GO stock opened at $18.45 on Friday. The company has a quick ratio of 0.25, a current ratio of 1.21 and a debt-to-equity ratio of 0.38. The business's fifty day moving average is $13.57 and its 200 day moving average is $14.22. The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 263.54, a PEG ratio of 5.97 and a beta of 0.27. Grocery Outlet has a twelve month low of $10.26 and a twelve month high of $21.67.

Institutional Investors Weigh In On Grocery Outlet

Institutional investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC lifted its position in Grocery Outlet by 213.5% during the 2nd quarter. Parallel Advisors LLC now owns 2,025 shares of the company's stock worth $25,000 after buying an additional 1,379 shares in the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of Grocery Outlet during the fourth quarter worth approximately $41,000. US Bancorp DE grew its stake in shares of Grocery Outlet by 64.2% during the first quarter. US Bancorp DE now owns 3,024 shares of the company's stock valued at $42,000 after purchasing an additional 1,182 shares during the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Grocery Outlet by 276.3% in 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. Finally, AlphaQuest LLC raised its position in Grocery Outlet by 327.7% in the 2nd quarter. AlphaQuest LLC now owns 5,761 shares of the company's stock worth $72,000 after purchasing an additional 4,414 shares during the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

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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