DA Davidson Comments on Grocery Outlet Q4 Earnings

Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) - Research analysts at DA Davidson issued their Q4 2024 earnings per share estimates for Grocery Outlet in a report issued on Wednesday, November 6th. DA Davidson analyst M. Baker anticipates that the company will post earnings per share of $0.10 for the quarter. The consensus estimate for Grocery Outlet's current full-year earnings is $0.66 per share. DA Davidson also issued estimates for Grocery Outlet's FY2025 earnings at $0.65 EPS.

Grocery Outlet (NASDAQ:GO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. Grocery Outlet had a return on equity of 5.18% and a net margin of 1.30%. The business had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $1.10 billion. During the same period in the previous year, the firm posted $0.25 EPS. The company's quarterly revenue was up 10.4% on a year-over-year basis.

Other equities analysts have also recently issued research reports about the company. Wells Fargo & Company lowered their target price on Grocery Outlet from $26.00 to $23.00 and set an "overweight" rating on the stock in a research note on Wednesday. Craig Hallum dropped their price objective on shares of Grocery Outlet from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Wednesday. Loop Capital began coverage on shares of Grocery Outlet in a research report on Thursday, October 17th. They issued a "hold" rating and a $17.00 target price for the company. The Goldman Sachs Group lowered their price target on shares of Grocery Outlet from $17.00 to $15.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Finally, Bank of America lowered Grocery Outlet from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $29.00 to $17.00 in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Grocery Outlet has an average rating of "Hold" and an average price target of $18.17.

Grocery Outlet Trading Up 3.5 %

Grocery Outlet stock traded up $0.61 during midday trading on Friday, reaching $17.80. The stock had a trading volume of 3,080,082 shares, compared to its average volume of 1,837,877. Grocery Outlet has a twelve month low of $13.60 and a twelve month high of $29.98. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.29 and a quick ratio of 0.29. The firm has a market cap of $1.74 billion, a price-to-earnings ratio of 33.65, a PEG ratio of 3.42 and a beta of 0.13. The firm's fifty day simple moving average is $16.57 and its two-hundred day simple moving average is $19.70.

Insider Buying and Selling

In other news, Director Eric J. Jr. Lindberg sold 200,095 shares of the company's stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $16.29, for a total transaction of $3,259,547.55. Following the completion of the transaction, the director now owns 70,938 shares of the company's stock, valued at approximately $1,155,580.02. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Eric J. Jr. Lindberg sold 100,000 shares of the stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $18.44, for a total value of $1,844,000.00. Following the completion of the transaction, the director now owns 70,938 shares in the company, valued at approximately $1,308,096.72. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Eric J. Jr. Lindberg sold 200,095 shares of Grocery Outlet stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $16.29, for a total transaction of $3,259,547.55. Following the sale, the director now owns 70,938 shares in the company, valued at approximately $1,155,580.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 500,095 shares of company stock valued at $8,876,548. 4.50% of the stock is owned by company insiders.

Institutional Trading of Grocery Outlet

A number of large investors have recently bought and sold shares of GO. Blue Trust Inc. increased its holdings in Grocery Outlet by 76.6% during 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 in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of Grocery Outlet in the first quarter valued at about $25,000. Texas Permanent School Fund Corp lifted its position in Grocery Outlet by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 86,879 shares of the company's stock worth $2,500,000 after buying an additional 1,126 shares in the last quarter. Swiss National Bank lifted its position in Grocery Outlet by 0.6% during the 1st quarter. Swiss National Bank now owns 186,100 shares of the company's stock worth $5,356,000 after buying an additional 1,200 shares in the last quarter. Finally, Innealta Capital LLC bought a new stake in Grocery Outlet during the 2nd quarter worth about $38,000. 99.87% of the stock is currently 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.