Grocery Outlet (NASDAQ:GO) Sets New 1-Year High – Time to Buy?

Grocery Outlet Holding Corp. (NASDAQ:GO)’s stock price hit a new 52-week high during trading on Tuesday. The stock traded as high as $14.02 and last traded at $14.0310, with a volume of 1,007,644 shares changing hands. The stock had previously closed at $13.87.

Latest Grocery Outlet News

Here’s some of the latest news about GO:

• Positive Sentiment: Management raised its fiscal 2026 comparable-sales outlook. It also forecast EPS of $0.52–$0.55, with revenue of $4.70–$4.72 billion, broadly around analyst expectations.
• Negative Sentiment: Despite the sales beat, comparable-sales growth was modest and came from traffic gains that were offset by smaller baskets. Higher costs and promotional pricing are pressuring margins and the profit outlook, tempering the positive results. Article: Grocery Outlet: Winning The Treasure Hunt, But Losing The Grocery War
• Negative Sentiment: Goldman Sachs raised its target to $8 from $6 but retained a Sell rating; the target remains well below the current share price, reinforcing a bearish view of valuation and prospects.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on GO shares. Wells Fargo & Company lifted their price target on shares of Grocery Outlet from $11.00 to $13.00 and gave the company an “equal weight” rating in a report on Wednesday. DA Davidson upped their price objective on shares of Grocery Outlet from $12.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday. Deutsche Bank reaffirmed a “hold” rating and set a $9.00 price objective on shares of Grocery Outlet in a report on Thursday, August 13th. Bank of America upgraded shares of Grocery Outlet from a “neutral” rating to a “buy” rating and lifted their target price for the company from $12.50 to $15.00 in a research note on Wednesday, September 30th. Finally, Guggenheim reissued a “neutral” rating on shares of Grocery Outlet in a report on Wednesday. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, Grocery Outlet has a consensus rating of “Reduce” and a consensus target price of $11.50.

Grocery Outlet Stock Performance

The firm has a fifty day simple moving average of $12.23 and a 200-day simple moving average of $9.72. The company has a current ratio of 1.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60. The stock has a market cap of $1.26 billion, a price-to-earnings ratio of -3.30, a P/E/G ratio of 9.75 and a beta of 0.64.

Grocery Outlet (NASDAQ:GO) last released its earnings results on Tuesday, November 10th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Grocery Outlet had a positive return on equity of 5.49% and a negative net margin of 7.99%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same period last year, the firm earned $0.21 EPS. The business’s revenue for the quarter was up .9% on a year-over-year basis. Analysts forecast that Grocery Outlet Holding Corp. will post 0.42 EPS for the current fiscal year.

Insider Activity

In other Grocery Outlet news, Director Carey Jaros bought 15,000 shares of the business’s stock in a transaction on Thursday, August 27th. The shares were bought at an average cost of $11.70 per share, for a total transaction of $175,500.00. Following the transaction, the director owned 60,000 shares in the company, valued at approximately $702,000. This trade represents a 33.33% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Paul Miller bought 8,000 shares of the business’s stock in a transaction on Thursday, August 20th. The shares were acquired at an average price of $10.90 per share, for a total transaction of $87,200.00. Following the completion of the transaction, the insider owned 72,171 shares in the company, valued at approximately $786,663.90. This trade represents a 12.47% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 5.60% of the company’s stock.

Hedge Funds Weigh In On Grocery Outlet

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Wealth Planning Services Inc. raised its position in shares of Grocery Outlet by 103.3% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 2,511 shares of the company’s stock valued at $28,000 after acquiring an additional 1,276 shares during the last quarter. Allworth Financial LP bought a new position in shares of Grocery Outlet in the 2nd quarter worth $40,000. Quantbot Technologies LP acquired a new stake in shares of Grocery Outlet during the second quarter worth $46,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Grocery Outlet during the second quarter worth $58,000. Finally, GAMMA Investing LLC grew its stake in shares of Grocery Outlet by 165.9% during the second quarter. GAMMA Investing LLC now owns 8,599 shares of the company’s stock worth $86,000 after purchasing an additional 5,365 shares during the period. 99.87% of the stock is owned by institutional investors.

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.