FY2026 EPS Estimate for Grocery Outlet Decreased by Analyst

Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) - Analysts at DA Davidson reduced their FY2026 earnings per share (EPS) estimates for shares of Grocery Outlet in a research report issued to clients and investors on Tuesday, July 22nd. DA Davidson analyst M. Baker now anticipates that the company will earn $0.81 per share for the year, down from their prior forecast of $0.82. The consensus estimate for Grocery Outlet's current full-year earnings is $0.63 per share.

A number of other brokerages also recently issued reports on GO. Telsey Advisory Group restated a "market perform" rating and set a $16.00 price objective on shares of Grocery Outlet in a research report on Wednesday, April 30th. Jefferies Financial Group upgraded Grocery Outlet from a "hold" rating to a "buy" rating and raised their price objective for the stock from $13.00 to $18.00 in a research report on Wednesday, April 16th. Wells Fargo & Company raised their price objective on Grocery Outlet from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, UBS Group raised their price objective on Grocery Outlet from $14.50 to $17.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Grocery Outlet currently has an average rating of "Hold" and an average price target of $15.62.

Grocery Outlet Price Performance

NASDAQ:GO traded down $0.25 during trading hours on Thursday, hitting $13.63. The company's stock had a trading volume of 2,218,518 shares, compared to its average volume of 3,109,406. The stock has a fifty day simple moving average of $13.42 and a 200-day simple moving average of $14.29. The company has a market capitalization of $1.34 billion, a P/E ratio of 85.19, a PEG ratio of 4.46 and a beta of 0.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.25 and a quick ratio of 0.25. Grocery Outlet has a twelve month low of $10.26 and a twelve month high of $21.67.

Grocery Outlet (NASDAQ:GO - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.06. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Grocery Outlet had a return on equity of 6.21% and a net margin of 0.39%. Grocery Outlet's quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS.

Insiders Place Their Bets

In other Grocery Outlet news, Director Erik D. Ragatz bought 19,000 shares of Grocery Outlet stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $14.46 per share, with a total value of $274,740.00. Following the acquisition, the director owned 19,000 shares in the company, valued at approximately $274,740. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of Grocery Outlet

Several large investors have recently modified their holdings of GO. Proficio Capital Partners LLC bought a new stake in shares of Grocery Outlet in the fourth quarter worth $161,000. Raymond James Financial Inc. purchased a new position in Grocery Outlet during the fourth quarter valued at $1,079,000. PNC Financial Services Group Inc. lifted its position in Grocery Outlet by 472.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company's stock valued at $76,000 after purchasing an additional 4,040 shares in the last quarter. Natixis Advisors LLC purchased a new position in Grocery Outlet during the fourth quarter valued at $240,000. Finally, KLP Kapitalforvaltning AS purchased a new position in Grocery Outlet during the fourth quarter valued at $326,000. 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.