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

Grocery Outlet (NASDAQ:GO) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.700-0.750 for the period, compared to the consensus EPS 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.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on GO shares. Morgan Stanley lowered their target price on shares of Grocery Outlet from $13.00 to $10.00 and set an “underperform” 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 dropped their price objective for the company from $25.00 to $16.00 in a research note on Wednesday, November 6th. Roth Mkm decreased their target price on shares of Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft cut Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a report on Wednesday. Finally, Bank of America decreased their target price on Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.58.

Grocery Outlet Price Performance

Shares of GO stock traded down $4.55 during mid-day trading on Wednesday, hitting $11.19. 9,179,228 shares of the stock traded hands, compared to its average volume of 2,154,645. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. The company’s 50-day simple moving average is $16.26 and its 200-day simple moving average is $17.18. Grocery Outlet has a twelve month low of $10.26 and a twelve month high of $29.19. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 9.08 and a beta of 0.32.

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.