Grocery Outlet (GO) News Today

Grocery Outlet Holding Corp. (NASDAQ:GO) shares are trading higher after a series of favorable analyst actions and earnings beats, although some firms trimmed near-term forecasts. Investors are reacting to upgraded ratings and raised full-year profit estimates, partly offset by cuts to third-quarter projections.

• Positive Sentiment: DA Davidson lifted its FY2025 EPS estimate to $0.64 from $0.55, above the $0.63 consensus.
• Positive Sentiment: Morgan Stanley raised GO from “Underweight” to “Equal Weight” and lifted its price target from $13.00 to $16.00. Rating Increased to Equal Weight at Morgan Stanley
• Positive Sentiment: Craig Hallum upgraded GO to “Buy” with a $17.00 target. Upgraded by Craig Hallum to "Buy" Rating
• Positive Sentiment: Shares gapped up after reporting stronger-than-expected earnings. Shares Gap Up Following Strong Earnings
• Neutral Sentiment: Telsey Advisory Group reiterated its “Market Perform” rating and $16.00 price target. Telsey Advisory Group Reiterates Market Perform Rating
• Neutral Sentiment: MLT reported a new store grand-opening attracted early-morning lines, signaling solid local demand. MLT Grocery Outlet Grand Opening
• Neutral Sentiment: DA Davidson set Q3 EPS at $0.15, in line with its report issued on August 6.
• Neutral Sentiment: GO was featured among notable movers alongside Bloomin’ Brands, Bio-Techne, Snap and Paramount. Stocks Making Big Moves Yesterday
• Negative Sentiment: Roth Capital cut its Q3 EPS estimate to $0.18 from $0.24, below consensus forecasts.
• Negative Sentiment: Telsey Advisory Group lowered its Q3 EPS projection to $0.15 from $0.22, shaving near-term outlook.