Grocery Outlet (NASDAQ:GO) Given "Market Perform" Rating at Telsey Advisory Group

Key Points

• Telsey Advisory Group has reiterated a "market perform" rating for Grocery Outlet with a target price of $16.00, indicating a potential decrease of 6.3% from the current stock price.
• Other brokerages, including Craig Hallum and Jefferies Financial Group, have upgraded their ratings for Grocery Outlet, with price targets now ranging between $17.00 and $19.00.
• Insider activity showed that Director Erik D. Ragatz purchased 19,000 shares at an average price of $14.46, significantly increasing their stake in the company.

Telsey Advisory Group reiterated their market perform rating on shares of Grocery Outlet (NASDAQ:GO - Free Report) in a report issued on Wednesday,Benzinga reports. They currently have a $16.00 price objective on the stock. Telsey Advisory Group also issued estimates for Grocery Outlet's Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.20 EPS, Q1 2026 earnings at $0.11 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.26 EPS and Q4 2026 earnings at $0.22 EPS.

A number of other equities analysts have also weighed in on the company. Morgan Stanley raised Grocery Outlet from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $13.00 to $16.00 in a research report on Wednesday. Craig Hallum raised shares of Grocery Outlet from a "hold" rating to a "buy" rating and set a $17.00 price objective on the stock in a research note on Wednesday. Jefferies Financial Group raised shares of Grocery Outlet from a "hold" rating to a "buy" rating and boosted their target price for the stock from $13.00 to $18.00 in a research report on Wednesday, April 16th. UBS Group raised their price target on shares of Grocery Outlet from $14.50 to $17.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Finally, Wells Fargo & Company boosted their price objective on Grocery Outlet from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Wednesday, May 7th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Grocery Outlet presently has a consensus rating of "Hold" and an average price target of $16.08.

Grocery Outlet Price Performance

Shares of Grocery Outlet stock traded up $0.11 during trading on Wednesday, reaching $18.54. 5,619,094 shares of the company's stock were exchanged, compared to its average volume of 3,697,051. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.25 and a current ratio of 1.21. The company has a market cap of $1.82 billion, a P/E ratio of 264.89, a PEG ratio of 4.25 and a beta of 0.27. Grocery Outlet has a 1-year low of $10.26 and a 1-year high of $21.67. The firm's 50-day moving average price is $13.67 and its 200 day moving average price is $14.23.

Grocery Outlet (NASDAQ:GO - Get Free Report) last announced its earnings results on Tuesday, August 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. Grocery Outlet had a return on equity of 6.34% and a net margin of 0.18%. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same period in the previous year, the business earned $0.25 EPS. The business's quarterly revenue was up 4.5% compared to the same quarter last year. As a group, research analysts anticipate that Grocery Outlet will post 0.63 earnings per share for the current year.

Institutional Investors Weigh In On Grocery Outlet

Several large investors have recently bought and sold shares of GO. Parallel Advisors LLC grew its position in Grocery Outlet by 213.5% during the second quarter. Parallel Advisors LLC now owns 2,025 shares of the company's stock valued at $25,000 after buying an additional 1,379 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Grocery Outlet by 32.3% in 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 in the last quarter. Aster Capital Management DIFC Ltd bought a new position in Grocery Outlet in the 4th quarter worth $41,000. US Bancorp DE lifted its position in Grocery Outlet by 64.2% during the first 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 in the last quarter. Finally, Quadrant Capital Group LLC grew its holdings in 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 purchasing an additional 2,036 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.