DA Davidson Weighs in on Grocery Outlet Q1 Earnings

Grocery Outlet Holding Corp. (NASDAQ:GO) – Investment analysts at DA Davidson issued their Q1 2025 earnings per share (EPS) estimates for shares of Grocery Outlet in a research report issued on Wednesday, February 26th. DA Davidson analyst M. Baker anticipates 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.

GO has been the subject of several other research reports. Bank of America dropped 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. UBS Group dropped their target price on shares of Grocery Outlet from $21.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Craig Hallum reduced their price target on Grocery Outlet from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Wednesday, November 6th. Telsey Advisory Group lowered their price target on Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday. Finally, Roth Mkm cut their price objective on Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $15.58.

Grocery Outlet Stock Performance

NASDAQ:GO opened at $10.99 on Thursday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. Grocery Outlet has a fifty-two week low of $10.26 and a fifty-two week high of $29.19. The business has a 50 day moving average price of $16.14 and a 200-day moving average price of $17.14. The firm has a market cap of $1.07 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 9.08 and a beta of 0.32.

Institutional Trading of Grocery Outlet

A number of hedge funds have recently modified their holdings of the business. Franklin Resources Inc. lifted its position in Grocery Outlet by 1.8% during the 3rd quarter. Franklin Resources Inc. now owns 29,987 shares of the company’s stock valued at $526,000 after acquiring an additional 529 shares during the period. Amundi lifted its holdings in shares of Grocery Outlet by 0.6% during the fourth quarter. Amundi now owns 116,139 shares of the company’s stock valued at $1,895,000 after purchasing an additional 719 shares during the last quarter. Blue Trust Inc. boosted its position in shares of 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 purchasing an additional 722 shares in the last quarter. Cedar Wealth Management LLC grew its stake in shares of Grocery Outlet by 3.9% in the 4th quarter. Cedar Wealth Management LLC now owns 20,370 shares of the company’s stock worth $318,000 after buying an additional 765 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Grocery Outlet by 2.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 46,875 shares of the company’s stock valued at $732,000 after buying an additional 1,240 shares in the last quarter. Institutional investors own 99.87% of the company’s stock.

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.