Analysts Issue Forecasts for Grocery Outlet Q2 Earnings

Grocery Outlet Holding Corp. (NASDAQ:GO) – Equities researchers at Zacks Research lifted their Q2 2027 earnings per share (EPS) estimates for shares of Grocery Outlet in a research note issued on Wednesday, August 26th. Zacks Research analyst Team now forecasts that the company will post earnings per share of $0.19 for the quarter, up from their previous estimate of $0.14. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.42 per share. Zacks Research also issued estimates for Grocery Outlet’s Q4 2027 earnings at $0.13 EPS, FY2027 earnings at $0.52 EPS and Q2 2028 earnings at $0.20 EPS.

GO has been the subject of several other reports. Telsey Advisory Group reaffirmed a “market perform” rating on shares of Grocery Outlet in a research note on Thursday, August 13th. Wells Fargo & Company upped their target price on shares of Grocery Outlet from $9.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $9.00 price target on shares of Grocery Outlet in a report on Thursday, August 13th. Weiss Ratings upgraded Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Finally, Morgan Stanley boosted their price objective on Grocery Outlet from $7.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Twelve investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $10.59.

Grocery Outlet Trading Up 1.3%

Grocery Outlet stock opened at $12.11 on Monday. Grocery Outlet has a 1 year low of $5.66 and a 1 year high of $18.79. The firm’s 50 day moving average price is $10.26 and its 200-day moving average price is $8.82. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.29 and a quick ratio of 0.30. The stock has a market cap of $1.20 billion, a P/E ratio of -3.13, a PEG ratio of 8.31 and a beta of 0.72.

Grocery Outlet (NASDAQ:GO) last posted its quarterly earnings results on Wednesday, August 12th. The company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.07. Grocery Outlet had a positive return on equity of 5.84% and a negative net margin of 8.04%.The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted $0.23 EPS. The firm’s revenue for the quarter was up 1.1% compared to the same quarter last year.

Institutional Trading of Grocery Outlet

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Corient Private Wealth LP lifted its stake in Grocery Outlet by 118.2% in the second quarter. Corient Private Wealth LP now owns 30,298 shares of the company’s stock worth $302,000 after purchasing an additional 16,411 shares during the last quarter. HighTower Advisors LLC grew its stake in shares of Grocery Outlet by 2.3% during the second quarter. HighTower Advisors LLC now owns 50,377 shares of the company’s stock valued at $503,000 after buying an additional 1,144 shares during the last quarter. Carlson Financial Inc. grew its stake in shares of Grocery Outlet by 63.5% during the second quarter. Carlson Financial Inc. now owns 16,766 shares of the company’s stock valued at $167,000 after buying an additional 6,510 shares during the last quarter. California State Teachers Retirement System raised its holdings in shares of Grocery Outlet by 554.2% in the second quarter. California State Teachers Retirement System now owns 1,031,663 shares of the company’s stock worth $103,373,000 after buying an additional 873,975 shares during the period. Finally, AXQ Capital LP raised its holdings in shares of Grocery Outlet by 29.7% in the second quarter. AXQ Capital LP now owns 51,843 shares of the company’s stock worth $517,000 after buying an additional 11,881 shares during the period. 99.87% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Carey F. Jaros bought 15,000 shares of the stock in a transaction dated Thursday, August 27th. The stock was purchased at an average price of $11.70 per share, for a total transaction of $175,500.00. Following the acquisition, the director owned 60,000 shares of the company’s stock, valued at $702,000. The trade was a 33.33% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Paul Blaine Miller purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average cost of $9.37 per share, with a total value of $93,700.00. Following the completion of the purchase, the insider owned 59,171 shares in the company, valued at $554,432.27. This trade represents a 20.34% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 38,000 shares of company stock worth $403,900 in the last quarter. Company insiders own 5.60% of the company’s stock.

About Grocery Outlet

Grocery Outlet Holding Corp. (NASDAQ: GO) is a specialty discount retailer that offers consumers deeply discounted groceries by purchasing excess inventory, closeouts, and overstocks from manufacturers and distributors. Headquartered in Emeryville, California, the company operates two primary banners—Grocery Outlet and Fresh2Go—with a combined footprint of more than 400 stores. Its product assortment spans fresh produce, meat, dairy, bakery items, household staples, natural and organic offerings, and select specialty products, all sold at significant markdowns compared to conventional supermarkets.

The company’s unique buying model enables it to source inventory through opportunistic purchases of surplus freight, discontinued items, and closeout deals, which it then passes on as savings to its customers.