FY2025 EPS Estimates for Grocery Outlet Raised by Analyst

Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) - Equities research analysts at Telsey Advisory Group upped their FY2025 EPS estimates for shares of Grocery Outlet in a research report issued on Wednesday, August 6th. Telsey Advisory Group analyst J. Feldman now anticipates that the company will post earnings of $0.64 per share for the year, up from their prior estimate of $0.58. Telsey Advisory Group has a "Market Perform" rating and a $16.00 price objective 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 FY2026 earnings at $0.78 EPS.

GO has been the subject of a number of other reports. 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, August 6th. Morgan Stanley raised shares of Grocery Outlet from an "underweight" rating to an "equal weight" rating and lifted their price target for the stock from $13.00 to $16.00 in a research note on Wednesday, August 6th. Wells Fargo & Company lifted their price target on shares of Grocery Outlet from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, UBS Group lifted their price target on shares of 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.08.

Grocery Outlet Price Performance

Shares of NASDAQ:GO traded up $0.09 on Monday, reaching $18.08. The company's stock had a trading volume of 231,799 shares, compared to its average volume of 3,262,045. Grocery Outlet has a 52-week low of $10.26 and a 52-week high of $21.67. The company has a market cap of $1.77 billion, a P/E ratio of 258.08, a PEG ratio of 4.10 and a beta of 0.27. The company has a 50-day simple moving average of $14.03 and a 200 day simple moving average of $14.30. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.25 and a current ratio of 1.21.

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

Insider Transactions at Grocery Outlet

In other Grocery Outlet news, EVP Steven K. Wilson sold 20,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $19.20, for a total value of $384,000.00. Following the completion of the sale, the executive vice president directly owned 146,923 shares of the company's stock, valued at $2,820,921.60. The trade was a 11.98% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Grocery Outlet

Large investors have recently modified their holdings of the business. Parallel Advisors LLC raised its stake in shares of 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 acquiring an additional 1,379 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Grocery Outlet by 32.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company's stock worth $37,000 after acquiring an additional 719 shares in the last quarter. US Bancorp DE raised its stake in shares of Grocery Outlet by 64.2% during the 1st quarter. US Bancorp DE now owns 3,024 shares of the company's stock worth $42,000 after acquiring an additional 1,182 shares in the last quarter. AlphaQuest LLC increased its stake in Grocery Outlet by 327.7% during the 2nd quarter. AlphaQuest LLC now owns 5,761 shares of the company's stock valued at $72,000 after purchasing an additional 4,414 shares in the last quarter. Finally, GAMMA Investing LLC increased its stake in Grocery Outlet by 236.0% during the 1st quarter. GAMMA Investing LLC now owns 5,188 shares of the company's stock valued at $73,000 after purchasing an additional 3,644 shares in the last quarter. Institutional investors own 99.87% 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.