FY2025 EPS Estimates for Grocery Outlet Reduced by Analyst

Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) - Roth Capital lowered their FY2025 EPS estimates for Grocery Outlet in a note issued to investors on Wednesday, November 6th. Roth Capital analyst W. Kirk now anticipates that the company will post earnings per share of $0.84 for the year, down from their prior forecast of $0.88. Roth Capital currently has a "Strong-Buy" rating on the stock. The consensus estimate for Grocery Outlet's current full-year earnings is $0.65 per share.

Several other analysts have also recently commented on GO. Wells Fargo & Company decreased their target price on Grocery Outlet from $26.00 to $23.00 and set an "overweight" rating on the stock in a report on Wednesday, November 6th. Bank of America cut 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 report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft decreased their price target on Grocery Outlet from $29.00 to $26.00 and set a "buy" rating on the stock in a report on Wednesday, November 6th. The Goldman Sachs Group decreased their price target on Grocery Outlet from $17.00 to $15.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Finally, Telsey Advisory Group decreased their price target on Grocery Outlet from $19.00 to $18.00 and set a "market perform" rating on the stock in a report on Wednesday, November 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $18.00.

Grocery Outlet Price Performance

NASDAQ:GO traded up $0.97 during trading hours on Monday, reaching $18.77. The company had a trading volume of 2,642,623 shares, compared to its average volume of 1,841,570. The stock has a 50-day moving average of $16.55 and a two-hundred day moving average of $19.53. Grocery Outlet has a one year low of $13.60 and a one year high of $29.98. The firm has a market capitalization of $1.82 billion, a PE ratio of 34.90, a PEG ratio of 4.45 and a beta of 0.13. The company has a quick ratio of 0.29, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Grocery Outlet (NASDAQ:GO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Grocery Outlet had a return on equity of 5.25% and a net margin of 1.20%. The business had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same quarter in the previous year, the business posted $0.25 EPS. The firm's quarterly revenue was up 10.4% compared to the same quarter last year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in Grocery Outlet by 0.7% in the first quarter. Vanguard Group Inc. now owns 9,333,850 shares of the company's stock valued at $268,628,000 after acquiring an additional 60,830 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Grocery Outlet by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,613,617 shares of the company's stock valued at $79,933,000 after purchasing an additional 655,065 shares during the period. Capital World Investors raised its position in shares of Grocery Outlet by 281.4% in the first quarter. Capital World Investors now owns 3,579,683 shares of the company's stock valued at $103,023,000 after purchasing an additional 2,641,016 shares during the period. Van Berkom & Associates Inc. raised its position in shares of Grocery Outlet by 21.1% in the second quarter. Van Berkom & Associates Inc. now owns 3,498,533 shares of the company's stock valued at $77,388,000 after purchasing an additional 609,871 shares during the period. Finally, Millennium Management LLC raised its position in shares of Grocery Outlet by 677.6% in the second quarter. Millennium Management LLC now owns 1,981,558 shares of the company's stock valued at $43,832,000 after purchasing an additional 1,726,741 shares during the period. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Grocery Outlet

In other news, Director Eric J. Jr. Lindberg sold 100,000 shares of the firm's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $18.83, for a total transaction of $1,883,000.00. Following the completion of the transaction, the director now owns 70,938 shares of the company's stock, valued at approximately $1,335,762.54. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Eric J. Jr. Lindberg sold 100,000 shares of Grocery Outlet stock in a transaction on Monday, August 19th. The shares were sold at an average price of $18.83, for a total transaction of $1,883,000.00. Following the completion of the transaction, the director now owns 70,938 shares of the company's stock, valued at $1,335,762.54. This trade 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 available at the SEC website. Also, Director Eric J. Jr. Lindberg sold 200,095 shares of Grocery Outlet stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $16.29, for a total transaction of $3,259,547.55. Following the transaction, the director now directly owns 70,938 shares of the company's stock, valued at $1,155,580.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 500,095 shares of company stock worth $8,876,548 over the last quarter. Corporate insiders own 4.50% of the company's stock.

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.