DA Davidson Comments on Grocery Outlet Q1 Earnings

Grocery Outlet Holding Corp. (NASDAQ:GO) – Analysts at DA Davidson issued their Q1 2025 EPS estimates for Grocery Outlet in a research report issued to clients and investors on Wednesday, February 26th. DA Davidson analyst M. Baker anticipates that the company will post earnings per share of $0.01 for the quarter. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.63 per share.

Several other brokerages have also recently issued reports on GO. Roth Mkm cut their target price on shares of Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Telsey Advisory Group cut their target price on shares of Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating on the stock in a report on Wednesday. UBS Group cut their target price on shares of Grocery Outlet from $21.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Craig Hallum dropped their price target on Grocery Outlet from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Wednesday, November 6th. Finally, Wells Fargo & Company dropped their price target on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Grocery Outlet has an average rating of “Hold” and an average price target of $15.25.

Grocery Outlet Stock Up 7.6 %

Shares of Grocery Outlet stock opened at $11.83 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. Grocery Outlet has a 52-week low of $10.26 and a 52-week high of $29.19. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 9.08 and a beta of 0.32. The company’s 50 day moving average price is $16.05 and its 200-day moving average price is $17.10.

Insider Activity

In other Grocery Outlet news, CFO Christopher M. Miller bought 10,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were purchased at an average price of $11.68 per share, for a total transaction of $116,800.00. Following the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at approximately $116,800. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Grocery Outlet

Hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its stake in Grocery Outlet by 1,224.1% in the 3rd quarter. Barclays PLC now owns 300,393 shares of the company’s stock worth $5,271,000 after purchasing an additional 277,706 shares in the last quarter. Jane Street Group LLC boosted its stake in Grocery Outlet by 357.7% in the 3rd quarter. Jane Street Group LLC now owns 519,542 shares of the company’s stock worth $9,118,000 after purchasing an additional 406,039 shares in the last quarter. Choreo LLC bought a new position in Grocery Outlet in the 4th quarter worth about $245,000. Cerity Partners LLC boosted its stake in Grocery Outlet by 887.1% in the 3rd quarter. Cerity Partners LLC now owns 105,675 shares of the company’s stock worth $1,855,000 after purchasing an additional 94,969 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Grocery Outlet in the 3rd quarter worth about $511,000. Institutional investors own 99.87% of the company’s stock.

Grocery Outlet Company Profile

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.