Grocery Outlet Holding Corp. (NASDAQ:GO) Receives $9.65 Average Target Price from Brokerages

Grocery Outlet Holding Corp. (NASDAQ:GO) has been assigned an average rating of “Reduce” from the thirteen ratings firms that are covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and eleven have issued a hold rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $9.65.

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

Insider Activity at Grocery Outlet

In related news, insider Paul Blaine Miller purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was acquired at an average price of $9.37 per share, for a total transaction of $93,700.00. Following the completion of the purchase, the insider owned 59,171 shares in the company, valued at approximately $554,432.27. This represents a 20.34% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 5.60% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Grocery Outlet in the 2nd quarter worth about $152,440,000. T. Rowe Price Investment Management Inc. lifted 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 worth $159,216,000 after purchasing an additional 5,528,722 shares during the last quarter. Millennium Management LLC lifted its position in shares of Grocery Outlet by 3,558.0% during the third quarter. Millennium Management LLC now owns 1,825,407 shares of the company’s stock worth $29,298,000 after purchasing an additional 1,775,505 shares during the last quarter. UBS Group AG grew its stake in Grocery Outlet by 87.6% in the fourth quarter. UBS Group AG now owns 2,726,299 shares of the company’s stock worth $27,536,000 after purchasing an additional 1,272,859 shares in the last quarter. Finally, Boston Partners grew its stake in Grocery Outlet by 219.7% in the third quarter. Boston Partners now owns 1,462,633 shares of the company’s stock worth $23,475,000 after purchasing an additional 1,005,126 shares in the last quarter. 99.87% of the stock is currently owned by institutional investors.

Grocery Outlet Price Performance

GO opened at $10.17 on Thursday. The company has a fifty day simple moving average of $9.59 and a 200 day simple moving average of $8.63. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of -2.62, a PEG ratio of 15.51 and a beta of 0.65. Grocery Outlet has a twelve month low of $5.66 and a twelve month high of $19.23. The company has a current ratio of 1.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59.

Grocery Outlet (NASDAQ:GO) last issued its quarterly earnings data on Wednesday, August 12th. The company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.07. The firm had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.17 billion. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. The firm’s revenue was up 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.23 EPS. Equities research analysts expect that Grocery Outlet will post 0.37 EPS for the current fiscal year.

Grocery Outlet News Summary

Here are the key news stories impacting Grocery Outlet this week:

• Positive Sentiment: Grocery Outlet reported adjusted earnings of $0.20 per share, above consensus estimates ranging from $0.12 to $0.13. Revenue reached $1.19 billion, topping the $1.17 billion estimate and increasing 1.1% from the prior year. Grocery Outlet Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: The company raised its fiscal 2026 net-sales guidance to approximately $4.70 billion-$4.72 billion, a key catalyst because the new outlook is above current analyst expectations. Grocery Outlet Beats Q2 Estimates and Raises FY26 Outlook
• Neutral Sentiment: Reported net income rose to $5.6 million, or $0.06 per diluted share, from $5.0 million, or $0.05 per share, a year earlier. However, the company continued to report a negative net margin, indicating that profitability remains a concern despite the earnings beat. Grocery Outlet Announces Second-Quarter Fiscal 2026 Results
• Negative Sentiment: Comparable-store sales declined 0.3%, showing that underlying customer traffic and sales trends remain soft. Grocery Outlet opened 10 stores but closed 12, ending the quarter with 547 locations across 16 states, which may temper expectations for near-term unit growth. Grocery Outlet Q2 Net Sales Rise to $1.19 Billion

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.