Analysts Issue Forecasts for Grocery Outlet Q4 Earnings

Grocery Outlet Holding Corp. (NASDAQ:GO) – Equities researchers at DA Davidson issued their Q4 2024 earnings per share estimates for Grocery Outlet in a research report issued on Wednesday, November 6th. DA Davidson analyst M. Baker anticipates that the company will post earnings of $0.10 per share 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.

GO has been the topic of several other research reports. UBS Group cut their target price on Grocery Outlet from $21.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday. The Goldman Sachs Group cut their target price on Grocery Outlet from $17.00 to $15.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Telsey Advisory Group cut their target price on Grocery Outlet from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Wednesday. Melius Research began coverage on Grocery Outlet in a research report on Monday, September 23rd. They set a “hold” rating and a $17.00 target price on the stock. Finally, Wells Fargo & Company cut their price objective on Grocery Outlet from $26.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $18.17.

Grocery Outlet Trading Up 3.5 %

Shares of Grocery Outlet stock opened at $17.80 on Friday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.29 and a current ratio of 1.29. Grocery Outlet has a 52 week low of $13.60 and a 52 week high of $29.98. The stock has a 50 day moving average price of $16.57 and a two-hundred day moving average price of $19.70. The stock has a market capitalization of $1.74 billion, a PE ratio of 33.65, a price-to-earnings-growth ratio of 3.42 and a beta of 0.13.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.28 EPS for the quarter, beating 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 firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the firm posted $0.25 earnings per share. The company’s revenue for the quarter was up 10.4% compared to the same quarter last year.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, Director Eric J. Jr. Lindberg sold 100,000 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $18.83, for a total value of $1,883,000.00. Following the sale, the director now directly owns 70,938 shares in the company, valued at $1,335,762.54. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Eric J. Jr. Lindberg sold 200,095 shares of the business’s 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 sale, the director now directly owns 70,938 shares in the company, valued at approximately $1,155,580.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Eric J. Jr. Lindberg sold 100,000 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $18.83, for a total value of $1,883,000.00. Following the sale, the director now owns 70,938 shares in the company, valued at approximately $1,335,762.54. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 500,095 shares of company stock worth $8,876,548 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of Grocery Outlet

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in Grocery Outlet in the 1st quarter worth about $25,000. Blue Trust Inc. increased its stake in Grocery Outlet by 76.6% in the 3rd quarter. Blue Trust Inc. now owns 1,665 shares of the company’s stock worth $29,000 after acquiring an additional 722 shares during the last quarter. Innealta Capital LLC bought a new position in Grocery Outlet in the 2nd quarter worth about $38,000. Capital Performance Advisors LLP bought a new position in Grocery Outlet in the 3rd quarter worth about $32,000. Finally, Canada Pension Plan Investment Board bought a new position in Grocery Outlet in the 2nd quarter worth about $82,000. 99.87% of the stock is currently owned by institutional investors.

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.