Analysts Offer Predictions for Grocery Outlet Q4 Earnings

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

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings data on Tuesday, November 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Grocery Outlet had a net margin of 1.30% and a return on equity of 5.18%. The business’s quarterly revenue was up 10.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 EPS.

Several other research firms have also weighed in on GO. UBS Group reduced their target price on shares of Grocery Outlet from $21.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday. The Goldman Sachs Group lowered their target price on Grocery Outlet from $17.00 to $15.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Wells Fargo & Company reduced their price target on Grocery Outlet from $26.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday. Loop Capital began coverage on shares of Grocery Outlet in a research note on Thursday, October 17th. They set a “hold” rating and a $17.00 price objective on the stock. Finally, Telsey Advisory Group lowered their price target on shares of Grocery Outlet from $19.00 to $18.00 and set a “market perform” rating for the company in a report on Wednesday. Two research analysts have rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $18.17.

Grocery Outlet Trading Up 6.7 %

NASDAQ GO opened at $17.19 on Friday. The firm has a market capitalization of $1.68 billion, a price-to-earnings ratio of 33.63, a PEG ratio of 3.42 and a beta of 0.13. 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 one year low of $13.60 and a one year high of $29.98. The company’s 50 day moving average price is $16.59 and its 200 day moving average price is $19.72.

Institutional Trading of Grocery Outlet

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in Grocery Outlet by 0.7% in the first quarter. Vanguard Group Inc. now owns 9,333,850 shares of the company’s stock worth $268,628,000 after acquiring an additional 60,830 shares in the last quarter. 12 West Capital Management LP boosted its holdings in Grocery Outlet by 383.3% during the first quarter. 12 West Capital Management LP now owns 3,625,000 shares of the company’s stock worth $104,328,000 after buying an additional 2,875,000 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Grocery Outlet by 22.1% in the second quarter. Dimensional Fund Advisors LP now owns 3,613,617 shares of the company’s stock worth $79,933,000 after buying an additional 655,065 shares during the last quarter. Capital World Investors lifted its position in shares of Grocery Outlet by 281.4% during the 1st quarter. Capital World Investors now owns 3,579,683 shares of the company’s stock valued at $103,023,000 after acquiring an additional 2,641,016 shares during the last quarter. Finally, Van Berkom & Associates Inc. boosted its stake in shares of Grocery Outlet by 21.1% during the 2nd quarter. Van Berkom & Associates Inc. now owns 3,498,533 shares of the company’s stock worth $77,388,000 after acquiring an additional 609,871 shares in the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Eric J. Jr. Lindberg sold 200,095 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of $16.29, for a total value of $3,259,547.55. Following the sale, the director now owns 70,938 shares of the company’s stock, valued at approximately $1,155,580.02. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Grocery Outlet 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 completion of the transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Eric J. Jr. Lindberg sold 100,000 shares of the 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 completion of the transaction, the director now directly owns 70,938 shares of the company’s stock, valued at approximately $1,335,762.54. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 500,095 shares of company stock valued at $8,876,548. Company 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.