Telsey Advisory Group Reiterates "Market Perform" Rating for Grocery Outlet (NASDAQ:GO)

Grocery Outlet (NASDAQ:GO - Get Free Report)'s stock had its "market perform" rating restated by stock analysts at Telsey Advisory Group in a research note issued on Wednesday,Benzinga reports. They currently have a $16.00 price objective on the stock. Telsey Advisory Group's target price points to a potential downside of 2.91% from the stock's previous close. Telsey Advisory Group also issued estimates for Grocery Outlet's Q1 2026 earnings at $0.05 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.30 EPS and Q4 2026 earnings at $0.12 EPS.

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft downgraded Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 target price on the stock. in a research report on Wednesday, February 26th. Morgan Stanley cut their price objective on shares of Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group lowered their target price on shares of Grocery Outlet from $14.00 to $11.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Wells Fargo & Company cut their price target on shares of Grocery Outlet from $23.00 to $18.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group raised shares of Grocery Outlet from a "hold" rating to a "buy" rating and boosted their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $15.46.

Grocery Outlet Price Performance

Shares of GO traded down $0.22 during trading hours on Wednesday, reaching $16.48. 3,250,677 shares of the company traded hands, compared to its average volume of 2,346,608. The stock has a fifty day simple moving average of $13.71 and a 200 day simple moving average of $15.93. Grocery Outlet has a fifty-two week low of $10.26 and a fifty-two week high of $26.21. The stock has a market capitalization of $1.62 billion, a PE ratio of 32.31, a price-to-earnings-growth ratio of 9.08 and a beta of 0.40. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Insider Transactions at Grocery Outlet

In related news, EVP Steven K. Wilson sold 6,477 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total transaction of $73,449.18. Following the sale, the executive vice president now directly owns 173,605 shares of the company's stock, valued at approximately $1,968,680.70. This represents a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Christopher M. Miller acquired 10,000 shares of the firm's stock in a transaction on Thursday, February 27th. The stock was acquired at an average cost of $11.68 per share, with a total value of $116,800.00. Following the acquisition, the chief financial officer now owns 10,000 shares of the company's stock, valued at $116,800. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 200,000 shares of company stock valued at $2,435,050 and have sold 17,756 shares valued at $216,892. Corporate insiders own 4.50% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of GO. Decker Retirement Planning Inc. acquired a new stake in shares of Grocery Outlet in the 4th quarter worth about $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Grocery Outlet in the fourth quarter valued at approximately $41,000. Quadrant Capital Group LLC raised its holdings in shares of Grocery Outlet by 276.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company's stock valued at $43,000 after buying an additional 2,036 shares during the last quarter. KBC Group NV boosted its position in shares of Grocery Outlet by 62.7% during the fourth quarter. KBC Group NV now owns 4,506 shares of the company's stock worth $70,000 after buying an additional 1,736 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in shares of Grocery Outlet by 472.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company's stock worth $76,000 after buying an additional 4,040 shares during the period. 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.