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

Key Points

• Grocery Outlet Holding Corp. has received a consensus rating of "Hold" from thirteen brokerage firms, with one sell, nine hold, and three buy recommendations.
• The average 12-month price target among analysts for Grocery Outlet is $16.08, following various adjustments from firms like Morgan Stanley and Craig Hallum.
• The company's recent financial performance includes a quarterly earnings per share (EPS) of $0.23, surpassing analysts' expectations of $0.17, while revenue grew by 4.5% year-over-year to $1.18 billion.

Grocery Outlet Holding Corp. (NASDAQ:GO - Get Free Report) has received a consensus rating of "Hold" from the thirteen brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $16.0769.

A number of equities analysts recently commented on GO shares. Craig Hallum upgraded Grocery Outlet from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a report on Wednesday, August 6th. Morgan Stanley raised Grocery Outlet from an "underweight" rating to an "equal weight" rating and upped their price target for the stock from $13.00 to $16.00 in a research note on Wednesday, August 6th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $16.00 price target on shares of Grocery Outlet in a research note on Wednesday, August 6th.

Insiders Place Their Bets

In related news, EVP Steven K. Wilson sold 5,000 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $18.24, for a total value of $91,200.00. Following the sale, the executive vice president directly owned 141,923 shares of the company's stock, valued at $2,588,675.52. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Grocery Outlet

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GO. Deutsche Bank AG grew its stake in Grocery Outlet by 834.3% in the fourth quarter. Deutsche Bank AG now owns 103,122 shares of the company's stock worth $1,610,000 after purchasing an additional 92,085 shares during the period. Nuveen Asset Management LLC grew its stake in shares of Grocery Outlet by 20.5% in the fourth quarter. Nuveen Asset Management LLC now owns 522,961 shares of the company's stock worth $8,163,000 after acquiring an additional 88,805 shares during the last quarter. Quantinno Capital Management LP purchased a new stake in shares of Grocery Outlet in the fourth quarter worth $879,000. Two Sigma Investments LP grew its stake in shares of Grocery Outlet by 188.3% in the fourth quarter. Two Sigma Investments LP now owns 396,445 shares of the company's stock worth $6,189,000 after acquiring an additional 258,913 shares during the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in shares of Grocery Outlet in the fourth quarter worth $1,033,000. 99.87% of the stock is owned by hedge funds and other institutional investors.

Grocery Outlet Price Performance

Shares of NASDAQ GO traded down $0.42 during midday trading on Monday, hitting $16.55. 5,846,569 shares of the company's stock were exchanged, compared to its average volume of 2,270,095. Grocery Outlet has a 12-month low of $10.26 and a 12-month high of $21.67. 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 company has a market cap of $1.62 billion, a price-to-earnings ratio of 236.46, a PEG ratio of 3.63 and a beta of 0.32. The business's fifty day moving average price is $16.51 and its two-hundred day moving average price is $14.71.

Grocery Outlet (NASDAQ:GO - Get Free Report) last issued its 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 business 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 revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.25 earnings per share. Grocery Outlet has set its FY 2025 guidance at 0.750-0.800 EPS. As a group, research analysts forecast that Grocery Outlet will post 0.63 EPS for the current fiscal year.

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.