Grocery Outlet (NASDAQ:GO) Receives "Sell (D)" Rating from Weiss Ratings

Key Points

• Grocery Outlet (NASDAQ: GO) received a "sell (D)" rating from Weiss Ratings, while several other analysts upgraded their ratings, indicating mixed market sentiment towards the stock.
• The company's stock is currently trading at $16.00, with a 52-week range of $10.26 to $21.67, and it has an average analyst rating of "Hold" with a consensus target price of $16.33.
• Grocery Outlet reported a quarterly earnings beat of $0.23 EPS, exceeding the consensus estimate by $0.06, but also showed a 4.5% year-over-year revenue increase with a revenue of $1.18 billion.

Grocery Outlet (NASDAQ:GO - Get Free Report)'s stock had its "sell (d)" rating reissued by stock analysts at Weiss Ratings in a research report issued on Wednesday,Weiss Ratings reports.

Several other analysts have also issued reports on GO. Telsey Advisory Group upgraded shares of Grocery Outlet from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $16.00 to $20.00 in a research report on Wednesday, October 1st. Morgan Stanley upgraded shares of Grocery Outlet from an "underweight" rating to an "equal weight" rating and boosted their price target for the stock from $13.00 to $16.00 in a research report on Wednesday, August 6th. Finally, Craig Hallum upgraded shares of Grocery Outlet from a "hold" rating to a "buy" rating and set a $17.00 price target on the stock in a research report on Wednesday, August 6th. Four analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Grocery Outlet currently has an average rating of "Hold" and a consensus target price of $16.33.

Grocery Outlet Stock Down 0.6%

Shares of NASDAQ GO opened at $16.00 on Wednesday. The company's 50-day simple moving average is $17.08 and its 200-day simple moving average is $15.02. Grocery Outlet has a 52-week low of $10.26 and a 52-week high of $21.67. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 228.60, a price-to-earnings-growth ratio of 3.44 and a beta of 0.29. The company has a quick ratio of 0.25, a current ratio of 1.21 and a debt-to-equity ratio of 0.38.

Grocery Outlet (NASDAQ:GO - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter last year, the business earned $0.25 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. Grocery Outlet has set its FY 2025 guidance at 0.750-0.800 EPS. Equities analysts predict that Grocery Outlet will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling

In other Grocery Outlet news, EVP Steven K. Wilson sold 20,000 shares of the company's stock in a transaction on Friday, August 8th. The shares were sold at an average price of $19.20, for a total transaction of $384,000.00. Following the completion of the transaction, the executive vice president owned 146,923 shares in the company, valued at approximately $2,820,921.60. This represents a 11.98% decrease in their position. The sale 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

Large investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its stake in Grocery Outlet by 213.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,025 shares of the company's stock valued at $25,000 after acquiring an additional 1,379 shares during the last quarter. PNC Financial Services Group Inc. boosted 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 purchasing an additional 719 shares during the last quarter. US Bancorp DE boosted 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 purchasing an additional 1,182 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Grocery Outlet by 236.0% during the 1st quarter. GAMMA Investing LLC now owns 5,188 shares of the company's stock worth $73,000 after purchasing an additional 3,644 shares during the last quarter. Finally, AlphaQuest LLC boosted its stake in shares of Grocery Outlet by 327.7% during the 2nd quarter. AlphaQuest LLC now owns 5,761 shares of the company's stock worth $72,000 after purchasing an additional 4,414 shares during the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

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.

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