Grocery Outlet (NASDAQ:GO) Updates FY 2025 Earnings Guidance

Grocery Outlet (NASDAQ:GO) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.700-0.750 for the period, compared to the consensus earnings per share estimate of 0.940. The company issued revenue guidance of $4.7 billion-$4.8 billion, compared to the consensus revenue estimate of $4.7 billion. Grocery Outlet also updated its FY 2025 guidance to 0.700-0.750 EPS.

Grocery Outlet Stock Performance

Grocery Outlet stock traded down $4.40 during mid-day trading on Wednesday, hitting $11.34. 8,466,365 shares of the company’s stock traded hands, compared to its average volume of 2,134,424. Grocery Outlet has a fifty-two week low of $10.26 and a fifty-two week high of $29.19. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 9.08 and a beta of 0.32. The firm has a 50 day simple moving average of $16.26 and a two-hundred day simple moving average of $17.18. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33.

Analyst Ratings Changes

GO has been the topic of several research analyst reports. Roth Mkm lowered their price target on shares of Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a research note on Wednesday. Morgan Stanley reduced their price target on Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating for the company in a research note on Wednesday. Craig Hallum lowered their price objective on Grocery Outlet from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group reduced their target price on shares of Grocery Outlet from $17.00 to $15.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $15.58.

About Grocery Outlet

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.