Grocery Outlet Holding Corp. (NASDAQ:GO) Given Consensus Recommendation of “Reduce” by Brokerages

Grocery Outlet Holding Corp. (NASDAQ:GO) has earned a consensus rating of “Reduce” from the thirteen analysts that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating and eleven have issued a hold rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $9.65.

Several equities analysts recently issued reports on the company. DA Davidson lifted their price objective on Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. TD Cowen raised their price target on Grocery Outlet from $6.00 to $8.00 and gave the company a “hold” rating in a research report on Thursday, May 14th. Weiss Ratings downgraded Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. Finally, Wells Fargo & Company lifted their price target on Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th.

Insiders Place Their Bets

In other Grocery Outlet news, insider Paul Blaine Miller bought 10,000 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was bought at an average price of $9.37 per share, for a total transaction of $93,700.00. Following the completion of the transaction, the insider owned 59,171 shares in the company, valued at approximately $554,432.27. The trade was a 20.34% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Aster Capital Management DIFC Ltd raised its position in shares of Grocery Outlet by 1,030.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock worth $26,000 after purchasing an additional 2,308 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Grocery Outlet during the 4th quarter valued at $35,000. Chicago Partners Investment Group LLC acquired a new stake in Grocery Outlet during the 1st quarter valued at $71,000. State of Wyoming increased its position in Grocery Outlet by 96.9% during the fourth quarter. State of Wyoming now owns 7,886 shares of the company’s stock worth $80,000 after buying an additional 3,880 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in 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 buying an additional 5,365 shares in the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.

Grocery Outlet Trading Down 1.3%

Shares of GO opened at $9.86 on Thursday. Grocery Outlet has a twelve month low of $5.66 and a twelve month high of $19.41. The company has a current ratio of 1.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $975.35 million, a P/E ratio of -2.54, a PEG ratio of 15.76 and a beta of 0.65. The firm’s 50-day moving average is $9.44 and its two-hundred day moving average is $8.62.

Grocery Outlet (NASDAQ:GO) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. The company’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, research analysts predict that Grocery Outlet will post 0.37 earnings per share for the current fiscal year.

Grocery Outlet Company Profile

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.