Grocery Outlet Q2 EPS Forecast Increased by Zacks Research

Grocery Outlet Holding Corp. (NASDAQ:GO) – Stock analysts at Zacks Research boosted their Q2 2027 EPS estimates for shares of Grocery Outlet in a research report issued to clients and investors on Tuesday, November 18th. Zacks Research analyst Team now expects that the company will post earnings of $0.26 per share for the quarter, up from their previous forecast of $0.24. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.63 per share.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley upgraded shares of Grocery Outlet from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $13.00 to $16.00 in a research report on Wednesday, August 6th. Bank of America lowered their price objective on Grocery Outlet from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Craig Hallum raised shares of Grocery Outlet from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Wednesday, August 6th. Telsey Advisory Group downgraded Grocery Outlet from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Grocery Outlet in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Grocery Outlet currently has a consensus rating of “Hold” and a consensus price target of $15.73.

Grocery Outlet Stock Performance

NASDAQ:GO traded up $0.18 during trading hours on Thursday, hitting $10.58. 178,344 shares of the company were exchanged, compared to its average volume of 3,122,310. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -211.32, a PEG ratio of 1.75 and a beta of 0.33. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.30 and a quick ratio of 0.25. Grocery Outlet has a 52-week low of $10.26 and a 52-week high of $21.67. The company’s 50 day moving average price is $14.72 and its 200-day moving average price is $14.84.

Grocery Outlet (NASDAQ:GO) last posted its earnings results on Tuesday, November 4th. The company reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Grocery Outlet had a negative net margin of 0.10% and a positive return on equity of 5.86%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm posted $0.28 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Grocery Outlet has set its FY 2025 guidance at 0.780-0.80 EPS.

Insider Activity at Grocery Outlet

In related news, EVP Steven K. Wilson sold 25,000 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was sold at an average price of $12.53, for a total value of $313,250.00. Following the transaction, the executive vice president owned 116,923 shares in the company, valued at $1,465,045.19. The trade was a 17.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Trading of Grocery Outlet

Institutional investors have recently added to or reduced their stakes in the stock. New York State Common Retirement Fund raised its holdings in shares of Grocery Outlet by 49.4% in the first quarter. New York State Common Retirement Fund now owns 131,983 shares of the company’s stock worth $1,845,000 after acquiring an additional 43,633 shares during the last quarter. Cetera Investment Advisers acquired a new position in shares of Grocery Outlet in the 1st quarter valued at $2,349,000. TD Asset Management Inc acquired a new stake in Grocery Outlet during the 1st quarter worth approximately $1,104,000. GSA Capital Partners LLP raised its stake in shares of Grocery Outlet by 391.0% in the 1st quarter. GSA Capital Partners LLP now owns 203,980 shares of the company’s stock valued at $2,852,000 after acquiring an additional 162,439 shares during the period. Finally, US Bancorp DE lifted its stake in shares of Grocery Outlet by 64.2% during the first quarter. US Bancorp DE now owns 3,024 shares of the company’s stock worth $42,000 after purchasing an additional 1,182 shares in the last quarter. Hedge funds and other institutional investors own 99.87% of the company’s stock.

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.