DA Davidson Estimates Grocery Outlet Q1 Earnings

Grocery Outlet Holding Corp. (NASDAQ:GO) – Investment analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for Grocery Outlet in a research note issued to investors on Wednesday, February 26th. DA Davidson analyst M. Baker forecasts 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 analysts have also recently weighed in on GO. Deutsche Bank Aktiengesellschaft cut Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a report on Wednesday. Telsey Advisory Group lowered their price target on Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday. TD Cowen lowered shares of Grocery Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $25.00 to $16.00 in a report on Wednesday, November 6th. Wells Fargo & Company dropped their price target on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, The Goldman Sachs Group cut their price target on Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a report on Thursday. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $15.25.

Grocery Outlet Trading Up 0.3 %

Shares of GO opened at $11.87 on Thursday. Grocery Outlet has a 52-week low of $10.26 and a 52-week high of $29.13. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 23.27, a PEG ratio of 9.08 and a beta of 0.32. 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 stock has a fifty day moving average price of $15.95 and a two-hundred day moving average price of $17.05.

Institutional Investors Weigh In On Grocery Outlet

Several institutional investors and hedge funds have recently bought and sold shares of GO. Franklin Resources Inc. grew its stake in shares of Grocery Outlet by 1.8% during the third quarter. Franklin Resources Inc. now owns 29,987 shares of the company’s stock worth $526,000 after buying an additional 529 shares during the last quarter. Amundi lifted its stake in shares of Grocery Outlet by 0.6% in the 4th quarter. Amundi now owns 116,139 shares of the company’s stock valued at $1,895,000 after purchasing an additional 719 shares during the period. Blue Trust Inc. lifted its stake in shares of Grocery Outlet by 76.6% in the 3rd 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 period. Cedar Wealth Management LLC boosted its position in shares of Grocery Outlet by 3.9% during the 4th quarter. Cedar Wealth Management LLC now owns 20,370 shares of the company’s stock valued at $318,000 after purchasing an additional 765 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Grocery Outlet by 2.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 46,875 shares of the company’s stock worth $732,000 after purchasing an additional 1,240 shares during the period. Institutional investors own 99.87% of the company’s stock.

Insider Activity at Grocery Outlet

In other news, CFO Christopher M. Miller bought 10,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The stock was bought at an average price of $11.68 per share, with a total value of $116,800.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $116,800. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 4.50% of the stock is owned by company insiders.

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.