Grocery Outlet (NASDAQ:GO) Updates FY 2026 Earnings Guidance

Grocery Outlet (NASDAQ:GO) issued an update on its FY 2026 earnings guidance on Thursday. The company provided earnings per share guidance of 0.450-0.550 for the period, compared to the consensus earnings per share estimate of 0.480. The company issued revenue guidance of $4.6 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on GO shares. TD Cowen increased their price target on Grocery Outlet from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Thursday, May 14th. Weiss Ratings cut shares of Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company increased their target price on Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Finally, DA Davidson lifted their price target on Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Eleven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, Grocery Outlet presently has an average rating of “Reduce” and an average price target of $10.32.

Grocery Outlet Price Performance

GO stock opened at $10.39 on Friday. The firm has a 50 day simple moving average of $8.66 and a two-hundred day simple moving average of $8.68. The stock has a market cap of $1.03 billion, a PE ratio of -2.68, a P/E/G ratio of 16.08 and a beta of 0.64. Grocery Outlet has a one year low of $5.66 and a one year high of $19.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.27.

Grocery Outlet (NASDAQ:GO) last announced its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the previous year, the business earned $0.13 earnings per share. The firm’s quarterly revenue was up 3.6% compared to the same quarter last year. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, analysts predict that Grocery Outlet will post 0.38 EPS for the current fiscal year.

Insider Buying and Selling at Grocery Outlet

In other news, insider Paul Blaine Miller acquired 5,000 shares of the stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of $9.50 per share, with a total value of $47,500.00. Following the completion of the transaction, the insider owned 64,171 shares of the company’s stock, valued at $609,624.50. This represents a 8.45% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of Grocery Outlet

Institutional investors have recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its position in shares of Grocery Outlet by 54.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company’s stock valued at $159,216,000 after acquiring an additional 5,528,722 shares in the last quarter. Mackenzie Financial Corp lifted its position in Grocery Outlet by 0.5% in the 4th quarter. Mackenzie Financial Corp now owns 4,709,721 shares of the company’s stock valued at $47,757,000 after acquiring an additional 22,418 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Grocery Outlet by 5.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,619,851 shares of the company’s stock valued at $74,149,000 after acquiring an additional 221,693 shares in the last quarter. Marshall Wace LLP boosted its stake in Grocery Outlet by 0.5% during the 3rd quarter. Marshall Wace LLP now owns 4,577,371 shares of the company’s stock valued at $73,467,000 after purchasing an additional 20,819 shares during the last quarter. Finally, State Street Corp boosted its stake in Grocery Outlet by 11.8% during the 4th quarter. State Street Corp now owns 4,375,319 shares of the company’s stock valued at $44,191,000 after purchasing an additional 462,212 shares during the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.

About Grocery Outlet

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.