DA Davidson Comments on Grocery Outlet Q1 Earnings

Grocery Outlet Holding Corp. (NASDAQ:GO) – Analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Grocery Outlet in a note issued to investors on Wednesday, February 26th. DA Davidson analyst M. Baker expects that the company will post earnings of $0.01 per share for the quarter. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.63 per share.

Several other research firms have also commented on GO. Craig Hallum reduced their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Roth Mkm reduced their price target on shares of Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Wells Fargo & Company reduced their price target on shares of Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday. Bank of America reduced their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday. Finally, Morgan Stanley reduced their target price on shares of Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.25.

Grocery Outlet Price Performance

NASDAQ GO opened at $11.83 on Thursday. Grocery Outlet has a 52 week low of $10.26 and a 52 week high of $29.19. The firm has a market capitalization of $1.15 billion, a P/E ratio of 23.20, a PEG ratio of 9.08 and a beta of 0.32. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The company has a 50-day moving average price of $16.05 and a 200-day moving average price of $17.10.

Insiders Place Their Bets

In other news, CFO Christopher M. Miller bought 10,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was purchased at an average cost of $11.68 per share, for a total transaction of $116,800.00. Following the transaction, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $116,800. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Blue Trust Inc. lifted its position in Grocery Outlet by 76.6% in the third quarter. Blue Trust Inc. now owns 1,665 shares of the company’s stock worth $29,000 after buying an additional 722 shares during the last quarter. Decker Retirement Planning Inc. purchased a new stake in Grocery Outlet in the fourth quarter worth $31,000. Capital Performance Advisors LLP purchased a new stake in Grocery Outlet in the third quarter worth $32,000. Aster Capital Management DIFC Ltd purchased a new stake in Grocery Outlet in the fourth quarter worth $41,000. Finally, Quadrant Capital Group LLC increased its stake in Grocery Outlet by 276.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company’s stock worth $43,000 after purchasing an additional 2,036 shares during the period. 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.