Grocery Outlet (NASDAQ:GO) Stock Gets Price Target Increase from The Goldman Sachs Group

Grocery Outlet (NASDAQ:GO) had its price target hoisted by equities researchers at The Goldman Sachs Group from $6.00 to $8.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has a “sell” rating on the stock. The Goldman Sachs Group‘s price target would suggest a potential downside of 37.96% from the stock’s current price.

Other research analysts have also issued reports about the stock. Roth Capital restated a “neutral” rating and set a $10.00 price objective on shares of Grocery Outlet in a research note on Thursday, August 13th. Deutsche Bank reiterated a “hold” rating and issued a $9.00 target price on shares of Grocery Outlet in a research note on Thursday, August 13th. UBS Group lifted their price target on Grocery Outlet from $10.00 to $11.50 and gave the stock a “neutral” rating in a report on Monday, August 17th. Telsey Advisory Group boosted their price target on Grocery Outlet from $12.00 to $14.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Wells Fargo & Company upped their price objective on Grocery Outlet from $11.00 to $13.00 and gave the company an “equal weight” rating in a research note on Wednesday. One research analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $11.32.

Grocery Outlet Stock Down 1.7%

NASDAQ GO traded down $0.23 during trading hours on Thursday, hitting $12.89. 944,098 shares of the company traded hands, compared to its average volume of 2,944,847. The business’s 50-day moving average is $12.23 and its 200-day moving average is $9.72. Grocery Outlet has a twelve month low of $5.66 and a twelve month high of $14.32. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 1.29. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -3.35, a P/E/G ratio of 9.75 and a beta of 0.64.

Grocery Outlet (NASDAQ:GO) last posted its quarterly earnings results on Tuesday, November 10th. The company reported $0.16 earnings per share for the quarter, hitting the consensus estimate of $0.16. Grocery Outlet had a positive return on equity of 5.49% and a negative net margin of 7.99%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the firm earned $0.21 EPS. The business’s quarterly revenue was up .9% on a year-over-year basis. Sell-side analysts anticipate that Grocery Outlet will post 0.42 earnings per share for the current year.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, Director Carey Jaros purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 27th. The shares were acquired at an average cost of $11.70 per share, for a total transaction of $175,500.00. Following the completion of the purchase, the director owned 60,000 shares of the company’s stock, valued at approximately $702,000. The trade was a 33.33% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Paul Miller acquired 8,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $10.90 per share, with a total value of $87,200.00. Following the completion of the acquisition, the insider directly owned 72,171 shares in the company, valued at approximately $786,663.90. This represents a 12.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 5.60% of the company’s stock.

Institutional Trading of Grocery Outlet

Several large investors have recently made changes to their positions in the company. HighTower Advisors LLC lifted its position in shares of Grocery Outlet by 2.3% during the 2nd quarter. HighTower Advisors LLC now owns 50,377 shares of the company’s stock worth $503,000 after buying an additional 1,144 shares during the last quarter. Pinnacle Wealth Planning Services Inc. boosted its stake in shares of Grocery Outlet by 103.3% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 2,511 shares of the company’s stock valued at $28,000 after purchasing an additional 1,276 shares in the last quarter. Abel Hall LLC grew its holdings in shares of Grocery Outlet by 7.1% during the third quarter. Abel Hall LLC now owns 19,607 shares of the company’s stock worth $221,000 after purchasing an additional 1,298 shares during the last quarter. NorthCrest Asset Manangement LLC grew its holdings in shares of Grocery Outlet by 13.5% during the third quarter. NorthCrest Asset Manangement LLC now owns 15,282 shares of the company’s stock worth $182,000 after purchasing an additional 1,821 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Grocery Outlet by 23.4% in the third quarter. GAMMA Investing LLC now owns 10,615 shares of the company’s stock valued at $119,000 after buying an additional 2,016 shares during the period. Institutional investors and hedge funds own 99.87% of the company’s stock.

Grocery Outlet News Summary

Investors following GO have been watching these news items:

• Positive Sentiment: Fiscal 2026 EPS guidance of $0.52–$0.55 includes the current $0.52 consensus estimate, while revenue guidance of $4.7–$4.72 billion is broadly in line with expectations. Grocery Outlet Announces Third Quarter Fiscal 2026 Financial Results
• Neutral Sentiment: TD Cowen raised its price target to $14 from $12, and Wells Fargo lifted its target to $13 from $11. Both firms maintained neutral ratings, limiting the significance of the increases. TD Cowen stock recommendations
• Negative Sentiment: Comparable-sales growth was modest: higher traffic was partly offset by smaller baskets. Higher costs and promotional pricing are weighing on profit expectations, and quarterly EPS of $0.16 was down from $0.21 a year earlier. An analyst review also argued that the valuation remains unattractive despite the recent pullback. Grocery Outlet: Winning The Treasure Hunt, But Losing The Grocery War

About Grocery Outlet

Grocery Outlet Holding Corp. operates Grocery Outlet Bargain Market, a discount grocery chain offering brand-name products and private-label items at value-oriented prices. Its stores carry a range of goods, including groceries, fresh produce, meat, dairy, frozen foods and household products. The company uses opportunistic buying to source products, which can result in changing assortments and limited-time deals. Founded in 1946 by Jim Read, Grocery Outlet has grown from a California-based business into a retailer serving communities across the western United States and parts of the East Coast.