Grocery Outlet Holding Corp. (NASDAQ:GO) Given Average Recommendation of "Hold" by Analysts

Key Points

• Grocery Outlet Holding Corp. has received an average rating of "Hold" from thirteen analysts, with two recommending a sell, seven a hold, and four a buy.
• The current average twelve-month target price for Grocery Outlet's stock is $16.33, following various analyst upgrades and downgrades over recent months.
• In the latest quarterly earnings report, Grocery Outlet exceeded EPS estimates, reporting $0.23 per share, but slightly missed revenue expectations with $1.18 billion.

Grocery Outlet Holding Corp. (NASDAQ:GO - Get Free Report) has been assigned an average rating of "Hold" from the thirteen analysts that are presently covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $16.3333.

Several equities analysts have recently issued reports on the company. Craig Hallum raised Grocery Outlet from a "hold" rating to a "buy" rating and set a $17.00 price target for the company in a research report on Wednesday, August 6th. Telsey Advisory Group raised Grocery Outlet from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $16.00 to $20.00 in a research report on Wednesday, October 1st. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Grocery Outlet in a research report on Wednesday. Finally, Morgan Stanley upgraded Grocery Outlet from an "underweight" rating to an "equal weight" rating and lifted their price objective for the stock from $13.00 to $16.00 in a report on Wednesday, August 6th.

Grocery Outlet Stock Performance

Shares of Grocery Outlet stock opened at $15.46 on Friday. The company has a current ratio of 1.21, a quick ratio of 0.25 and a debt-to-equity ratio of 0.38. The firm has a market capitalization of $1.52 billion, a P/E ratio of 220.89, a P/E/G ratio of 3.38 and a beta of 0.29. The business has a fifty day simple moving average of $17.12 and a two-hundred day simple moving average of $15.04. Grocery Outlet has a 12 month low of $10.26 and a 12 month high of $21.67.

Grocery Outlet (NASDAQ:GO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.20 billion. Grocery Outlet had a return on equity of 6.34% and a net margin of 0.18%.Grocery Outlet's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. Grocery Outlet has set its FY 2025 guidance at 0.750-0.800 EPS. On average, equities analysts forecast that Grocery Outlet will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, EVP Steven K. Wilson sold 5,000 shares of Grocery Outlet stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $18.24, for a total value of $91,200.00. Following the completion of the sale, the executive vice president directly owned 141,923 shares in the company, valued at approximately $2,588,675.52. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Grocery Outlet

A number of large investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew 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 valued at $37,000 after purchasing an additional 719 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of Grocery Outlet by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 72,087 shares of the company's stock valued at $895,000 after purchasing an additional 739 shares during the period. Bank of Montreal Can grew its stake in shares of Grocery Outlet by 5.1% during the 2nd quarter. Bank of Montreal Can now owns 16,525 shares of the company's stock valued at $205,000 after purchasing an additional 803 shares during the period. US Bancorp DE grew 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 valued at $42,000 after purchasing an additional 1,182 shares during the period. Finally, Parallel Advisors LLC grew 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 valued at $25,000 after purchasing an additional 1,379 shares during the period. 99.87% of the stock is currently owned by institutional investors.

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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