Grocery Outlet (NASDAQ:GO) Issues FY 2025 Earnings Guidance

Grocery Outlet (NASDAQ:GO) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.700-0.750 for the period, compared to the consensus earnings per share estimate of 0.940. The company issued revenue guidance of $4.7 billion-$4.8 billion, compared to the consensus revenue estimate of $4.7 billion. Grocery Outlet also updated its FY 2025 guidance to 0.700-0.750 EPS.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. UBS Group lowered their price objective 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. Bank of America dropped their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday. TD Cowen lowered shares of Grocery Outlet from a “buy” rating to a “hold” rating and decreased their price target for the company from $25.00 to $16.00 in a research note on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Craig Hallum decreased their price objective on Grocery Outlet from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.25.

Grocery Outlet Stock Performance

Shares of GO stock traded up $0.53 during trading on Thursday, reaching $11.52. The company had a trading volume of 4,051,057 shares, compared to its average volume of 2,366,423. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33. Grocery Outlet has a one year low of $10.26 and a one year high of $29.19. The firm’s 50 day simple moving average is $16.14 and its two-hundred day simple moving average is $17.14. The company has a market capitalization of $1.12 billion, a PE ratio of 22.64, a PEG ratio of 9.08 and a beta of 0.32.

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.