Grocery Outlet’s (GO) Market Perform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reiterated their market perform rating on shares of Grocery Outlet (NASDAQ:GO) in a research report report published on Wednesday morning,Benzinga reports. The brokerage currently has a $16.00 price objective on the stock. Telsey Advisory Group also issued estimates for Grocery Outlet’s Q1 2026 earnings at $0.05 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.30 EPS and Q4 2026 earnings at $0.12 EPS.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley lowered their price target on shares of Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating for the company in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft lowered Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a report on Wednesday, February 26th. Bank of America reduced their price target on Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Jefferies Financial Group raised Grocery Outlet from a “hold” rating to a “buy” rating and raised their price objective for the company from $13.00 to $18.00 in a research report on Wednesday, April 16th. Finally, The Goldman Sachs Group reduced their target price on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Grocery Outlet has a consensus rating of “Hold” and a consensus target price of $15.46.

Grocery Outlet Trading Down 1.3 %

NASDAQ GO opened at $16.48 on Wednesday. Grocery Outlet has a 12 month low of $10.26 and a 12 month high of $26.21. The stock has a market cap of $1.62 billion, a PE ratio of 32.31, a PEG ratio of 9.08 and a beta of 0.40. The company’s 50-day moving average price is $13.71 and its 200-day moving average price is $15.93. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34.

Insider Transactions at Grocery Outlet

In other Grocery Outlet news, CFO Christopher M. Miller purchased 10,000 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $11.68 per share, with a total value of $116,800.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at $116,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Erik D. Ragatz bought 165,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average cost of $12.25 per share, for a total transaction of $2,021,250.00. Following the completion of the acquisition, the director now owns 201,500 shares of the company’s stock, valued at $2,468,375. This trade represents a 452.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 200,000 shares of company stock worth $2,435,050 and sold 17,756 shares worth $216,892. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Grocery Outlet

Hedge funds have recently bought and sold shares of the stock. Barclays PLC grew its stake in Grocery Outlet by 1,224.1% in the 3rd quarter. Barclays PLC now owns 300,393 shares of the company’s stock valued at $5,271,000 after acquiring an additional 277,706 shares during the period. Sterling Capital Management LLC boosted its holdings in Grocery Outlet by 53.9% in the 4th quarter. Sterling Capital Management LLC now owns 5,808 shares of the company’s stock worth $91,000 after buying an additional 2,034 shares during the last quarter. Choreo LLC acquired a new position in Grocery Outlet in the 4th quarter valued at $245,000. New York State Common Retirement Fund boosted its position in Grocery Outlet by 124.7% during the fourth quarter. New York State Common Retirement Fund now owns 88,350 shares of the company’s stock worth $1,379,000 after acquiring an additional 49,035 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Grocery Outlet in the fourth quarter valued at approximately $1,079,000. Hedge funds and other 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.