DA Davidson Decreases Earnings Estimates for Grocery Outlet

Grocery Outlet Holding Corp. (NASDAQ:GO) – Research analysts at DA Davidson dropped their FY2025 earnings estimates for shares of Grocery Outlet in a research report issued on Wednesday, February 26th. DA Davidson analyst M. Baker now anticipates that the company will earn $0.54 per share for the year, down from their previous estimate of $0.72. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.63 per share. DA Davidson also issued estimates for Grocery Outlet’s FY2026 earnings at $0.80 EPS.

A number of other analysts have also recently commented on GO. Wells Fargo & Company reduced their price objective on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded shares of Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price objective on the stock. in a research report on Wednesday. Roth Mkm cut their price objective on Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their price target on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a research note on Thursday. Finally, Craig Hallum reduced their target price on shares of Grocery Outlet from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Grocery Outlet currently has a consensus rating of “Hold” and an average target price of $15.25.

Grocery Outlet Stock Up 7.6 %

GO opened at $11.83 on Friday. The firm has a 50 day moving average price of $16.05 and a 200-day moving average price of $17.10. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 9.08 and a beta of 0.32. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. Grocery Outlet has a twelve month low of $10.26 and a twelve month high of $29.19.

Insider Activity

In related news, CFO Christopher M. Miller purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was purchased at an average price of $11.68 per share, with a total value of $116,800.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $116,800. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Grocery Outlet

Several hedge funds have recently made changes to their positions in GO. Blue Trust Inc. grew its holdings in Grocery Outlet by 76.6% during the 3rd quarter. Blue Trust Inc. now owns 1,665 shares of the company’s stock worth $29,000 after acquiring an additional 722 shares in the last quarter. Decker Retirement Planning Inc. bought a new position in Grocery Outlet in the fourth quarter worth approximately $31,000. Capital Performance Advisors LLP purchased a new stake in Grocery Outlet during the third quarter worth $32,000. Aster Capital Management DIFC Ltd bought a new stake in Grocery Outlet during the 4th quarter valued at $41,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Grocery Outlet by 276.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company’s stock valued at $43,000 after acquiring an additional 2,036 shares during the period. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

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.