Grocery Outlet (NASDAQ:GO) Stock Price Target Raised at DA Davidson

Grocery Outlet (NASDAQ:GO) had its price target lifted by research analysts at DA Davidson from $12.00 to $14.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the stock. DA Davidson‘s target price indicates a potential upside of 9.08% from the stock’s previous close.

A number of other equities analysts have also recently commented on the stock. Roth Capital reiterated a “neutral” rating and issued a $10.00 target price on shares of Grocery Outlet in a research report on Thursday, August 13th. TD Cowen upped their price target on shares of Grocery Outlet from $12.00 to $14.00 and gave the company a “hold” rating in a research report on Wednesday. Deutsche Bank reaffirmed a “hold” rating and set a $9.00 price objective on shares of Grocery Outlet in a research note on Thursday, August 13th. Morgan Stanley boosted their target price on Grocery Outlet from $7.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, The Goldman Sachs Group boosted their target price on Grocery Outlet from $6.00 to $8.00 and gave the company a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, Grocery Outlet presently has an average rating of “Reduce” and a consensus price target of $11.50.

Grocery Outlet Price Performance

NASDAQ GO traded down $0.28 on Thursday, reaching $12.84. 1,263,158 shares of the company’s stock traded hands, compared to its average volume of 2,946,191. Grocery Outlet has a 12 month low of $5.66 and a 12 month high of $14.32. 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 50-day simple moving average of $12.23 and a 200 day simple moving average of $9.72. The stock has a market cap of $1.27 billion, a PE ratio of -3.34, a P/E/G ratio of 9.75 and a beta of 0.64.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings data on Tuesday, November 10th. The company reported $0.16 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.16. Grocery Outlet had a negative net margin of 7.99% and a positive return on equity of 5.49%. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the business posted $0.21 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. As a group, research analysts predict that Grocery Outlet will post 0.42 earnings per share for the current year.

Insider Activity

In other news, insider Paul Miller acquired 8,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was purchased at an average cost of $10.90 per share, with a total value of $87,200.00. Following the completion of the purchase, the insider owned 72,171 shares in the company, valued at approximately $786,663.90. The trade was a 12.47% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Carey Jaros bought 15,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were purchased at an average price of $11.70 per share, with a total value of $175,500.00. Following the completion of the acquisition, the director owned 60,000 shares of the company’s stock, valued at $702,000. This trade represents a 33.33% increase in their position. The SEC filing for this purchase provides additional information. Corporate insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Grocery Outlet

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE purchased a new stake in shares of Grocery Outlet in the 2nd quarter worth about $6,138,000. Quantinno Capital Management LP grew its holdings in shares of Grocery Outlet by 217.0% during the 1st quarter. Quantinno Capital Management LP now owns 429,869 shares of the company’s stock worth $3,031,000 after acquiring an additional 294,280 shares during the period. BlackRock Inc. bought a new position in shares of Grocery Outlet in the 2nd quarter worth approximately $152,440,000. Bank of New York Mellon Corp purchased a new position in shares of Grocery Outlet in the 2nd quarter valued at approximately $5,500,000. Finally, Legal & General Group Plc purchased a new stake in Grocery Outlet in the second quarter worth $2,227,000. 99.87% of the stock is owned by hedge funds and other institutional investors.

Grocery Outlet News Summary

Here’s some of the latest news about GO:

• Positive Sentiment: Third-quarter revenue was $1.18 billion, above analysts’ $1.17 billion estimate, while comparable-store sales grew 0.5% as customer traffic increased. The company also raised its fiscal 2026 comparable-sales outlook. Grocery Outlet Q3 Earnings Beat Estimates on Stronger Traffic & Comps
• Neutral Sentiment: TD Cowen raised its price target to $14 from $12, and Wells Fargo lifted its target to $13 from $11. Both firms maintained neutral ratings, limiting the significance of the increases. TD Cowen stock recommendations
• Negative Sentiment: Comparable-sales growth was modest: higher traffic was partly offset by smaller baskets. Higher costs and promotional pricing are weighing on profit expectations, and quarterly EPS of $0.16 was down from $0.21 a year earlier. An analyst review also argued that the valuation remains unattractive despite the recent pullback. Grocery Outlet: Winning The Treasure Hunt, But Losing The Grocery War

About Grocery Outlet

Grocery Outlet Holding Corp. operates Grocery Outlet Bargain Market, a discount grocery chain offering brand-name products and private-label items at value-oriented prices. Its stores carry a range of goods, including groceries, fresh produce, meat, dairy, frozen foods and household products. The company uses opportunistic buying to source products, which can result in changing assortments and limited-time deals. Founded in 1946 by Jim Read, Grocery Outlet has grown from a California-based business into a retailer serving communities across the western United States and parts of the East Coast.