FY2025 EPS Estimates for Grocery Outlet Cut by DA Davidson

Grocery Outlet Holding Corp. (NASDAQ:GO) – Stock analysts at DA Davidson reduced their FY2025 earnings per share estimates for shares of Grocery Outlet in a research report issued on Wednesday, February 26th. DA Davidson analyst M. Baker now forecasts that the company will earn $0.54 per share for the year, down from their prior estimate of $0.72. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.63 per share. DA Davidson also issued estimates for Grocery Outlet’s FY2026 earnings at $0.80 EPS.

A number of other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft lowered Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a report on Wednesday. The Goldman Sachs Group reduced their target price on Grocery Outlet from $14.00 to $11.00 and set a “sell” rating for the company in a report on Thursday. Telsey Advisory Group reduced their target price on Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday. Wells Fargo & Company reduced their target price on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Morgan Stanley reduced their target price on Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.25.

Grocery Outlet Price Performance

Shares of NASDAQ:GO opened at $11.87 on Friday. The stock has a fifty day moving average of $15.95 and a 200-day moving average of $17.03. The company has a market capitalization of $1.16 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 9.08 and a beta of 0.32. Grocery Outlet has a one year low of $10.26 and a one year high of $29.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Grocery Outlet

Several hedge funds and other institutional investors have recently made changes to their positions in GO. Creative Planning acquired a new stake in shares of Grocery Outlet in the third quarter valued at about $198,000. Blue Trust Inc. grew its position 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 valued at $29,000 after purchasing an additional 722 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Grocery Outlet in the third quarter valued at about $801,000. Nisa Investment Advisors LLC acquired a new stake in shares of Grocery Outlet in the third quarter valued at about $181,000. Finally, Pallas Capital Advisors LLC bought a new stake in shares of Grocery Outlet in the third quarter valued at about $474,000. 99.87% of the stock is owned by institutional investors and hedge funds.

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.