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

Grocery Outlet (NASDAQ:GO) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 0.780-0.80 for the period, compared to the consensus EPS estimate of 0.730. The company issued revenue guidance of $4.7 billion-$4.7 billion, compared to the consensus revenue estimate of $4.7 billion.

Analyst Ratings Changes

A number of research firms have weighed in on GO. TD Cowen reduced their target price on Grocery Outlet from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday. DA Davidson decreased their target price on Grocery Outlet from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday. Telsey Advisory Group cut Grocery Outlet from an “outperform” rating to a “market perform” rating in a report on Wednesday. Craig Hallum raised Grocery Outlet from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a report on Wednesday, August 6th. Finally, Bank of America reduced their target price on Grocery Outlet from $19.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, seven have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.73.

Grocery Outlet Stock Performance

NASDAQ GO traded down $0.53 during trading on Thursday, reaching $12.51. The company’s stock had a trading volume of 1,670,691 shares, compared to its average volume of 3,145,970. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -250.16, a P/E/G ratio of 2.99 and a beta of 0.33. The business’s fifty day moving average price is $16.06 and its 200-day moving average price is $15.18. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.25 and a current ratio of 1.21. Grocery Outlet has a twelve month low of $10.26 and a twelve month high of $21.67.

Grocery Outlet (NASDAQ:GO) last issued its earnings results on Tuesday, November 4th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.02. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. Grocery Outlet had a negative net margin of 0.10% and a positive return on equity of 5.88%. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 earnings per share. Grocery Outlet has set its FY 2025 guidance at 0.780-0.80 EPS. As a group, analysts anticipate that Grocery Outlet will post 0.63 EPS for the current fiscal year.

Insider Activity

In other Grocery Outlet news, EVP Steven K. Wilson sold 5,000 shares of the company’s stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $18.24, for a total value of $91,200.00. Following the sale, the executive vice president owned 141,923 shares of the company’s stock, valued at $2,588,675.52. This represents a 3.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thrivent Financial for Lutherans boosted its stake in shares of Grocery Outlet by 1.0% in the second quarter. Thrivent Financial for Lutherans now owns 72,087 shares of the company’s stock valued at $895,000 after purchasing an additional 739 shares during the period. Rafferty Asset Management LLC increased its holdings in shares of Grocery Outlet by 7.4% in the 2nd quarter. Rafferty Asset Management LLC now owns 27,017 shares of the company’s stock worth $336,000 after acquiring an additional 1,852 shares during the period. CANADA LIFE ASSURANCE Co increased its holdings in shares of Grocery Outlet by 1.7% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 115,509 shares of the company’s stock worth $1,435,000 after acquiring an additional 1,957 shares during the period. Creative Planning increased its stake in Grocery Outlet by 25.4% during the 2nd quarter. Creative Planning now owns 16,104 shares of the company’s stock valued at $200,000 after buying an additional 3,263 shares during the period. Finally, Royal Bank of Canada increased its stake in Grocery Outlet by 5.8% during the 1st quarter. Royal Bank of Canada now owns 122,565 shares of the company’s stock valued at $1,713,000 after buying an additional 6,736 shares during the period. 99.87% of the stock is currently owned by hedge funds and other 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.