Q4 EPS Estimates for Grocery Outlet Lifted by DA Davidson

Grocery Outlet Holding Corp. (NASDAQ:GO) – DA Davidson upped their Q4 2024 earnings per share (EPS) estimates for shares of Grocery Outlet in a report issued on Friday, February 14th. DA Davidson analyst M. Baker now forecasts that the company will post earnings of $0.13 per share for the quarter, up from their prior estimate of $0.12. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.63 per share.

Other research analysts also recently issued reports about the company. Roth Mkm dropped their price target on Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered their price objective on Grocery Outlet from $29.00 to $26.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Telsey Advisory Group reissued a “market perform” rating and issued a $18.00 price objective on shares of Grocery Outlet in a research note on Wednesday, January 22nd. Bank of America downgraded Grocery Outlet from a “buy” rating to a “neutral” rating and decreased their price target for the company from $29.00 to $17.00 in a research report on Wednesday, October 30th. Finally, TD Cowen downgraded Grocery Outlet from a “buy” rating to a “hold” rating and decreased their price target for the company from $25.00 to $16.00 in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Grocery Outlet presently has a consensus rating of “Hold” and an average target price of $18.00.

Grocery Outlet Stock Down 3.4 %

GO stock opened at $16.68 on Monday. The stock’s 50 day simple moving average is $16.63 and its 200 day simple moving average is $17.33. Grocery Outlet has a fifty-two week low of $13.60 and a fifty-two week high of $29.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. The company has a market cap of $1.62 billion, a P/E ratio of 32.71, a price-to-earnings-growth ratio of 18.37 and a beta of 0.32.

Hedge Funds Weigh In On Grocery Outlet

Large investors have recently made changes to their positions in the stock. Blue Trust Inc. boosted its holdings in shares of Grocery Outlet by 76.6% in the third quarter. Blue Trust Inc. now owns 1,665 shares of the company’s stock worth $29,000 after acquiring an additional 722 shares during the period. Capital Performance Advisors LLP bought a new position in shares of Grocery Outlet in the third quarter worth $32,000. Decker Retirement Planning Inc. bought a new stake in Grocery Outlet during the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd bought a new stake in Grocery Outlet during the fourth quarter valued at $41,000. Finally, Quadrant Capital Group LLC boosted its stake in Grocery Outlet by 276.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company’s stock valued at $43,000 after buying an additional 2,036 shares during the period. 99.87% of the stock is owned by 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.