Grocery Outlet (NASDAQ:GO) Sets New 12-Month Low – Here’s What Happened

Grocery Outlet Holding Corp. (NASDAQ:GO)’s share price hit a new 52-week low on Monday . The stock traded as low as $9.74 and last traded at $9.8220, with a volume of 2009628 shares. The stock had previously closed at $10.17.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GO shares. DA Davidson restated a “neutral” rating and issued a $15.00 price objective on shares of Grocery Outlet in a research report on Thursday, December 4th. TD Cowen decreased their target price on Grocery Outlet from $18.00 to $16.00 and set a “hold” rating on the stock in a research note on Wednesday, November 5th. Weiss Ratings restated a “sell (d)” rating on shares of Grocery Outlet in a research note on Wednesday, October 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Grocery Outlet in a report on Wednesday, December 3rd. Finally, Morgan Stanley lowered their target price on shares of Grocery Outlet from $15.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $14.86.

Grocery Outlet Trading Down 3.1%

The firm has a market cap of $966.68 million, a P/E ratio of -197.00, a P/E/G ratio of 1.62 and a beta of 0.47. The stock has a 50 day simple moving average of $11.31 and a 200-day simple moving average of $14.11. The company has a current ratio of 1.30, a quick ratio of 0.25 and a debt-to-equity ratio of 0.40.

Grocery Outlet (NASDAQ:GO) last posted its earnings results on Tuesday, November 4th. The company reported $0.21 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Grocery Outlet had a negative net margin of 0.10% and a positive return on equity of 5.86%. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the firm posted $0.28 earnings per share. Grocery Outlet’s revenue for the quarter was up 5.4% compared to the same quarter last year. Grocery Outlet has set its FY 2025 guidance at 0.780-0.80 EPS. On average, equities research analysts expect that Grocery Outlet Holding Corp. will post 0.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Grocery Outlet news, EVP Steven K. Wilson sold 25,000 shares of Grocery Outlet stock in a transaction on Friday, November 7th. The shares were sold at an average price of $12.53, for a total transaction of $313,250.00. Following the completion of the transaction, the executive vice president directly owned 116,923 shares of the company’s stock, valued at $1,465,045.19. The trade was a 17.62% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 4.50% of the company’s stock.

Institutional Trading of Grocery Outlet

A number of hedge funds and other institutional investors have recently bought and sold shares of GO. Bayforest Capital Ltd purchased a new position in Grocery Outlet in the 3rd quarter worth about $29,000. Parallel Advisors LLC grew its stake in Grocery Outlet by 213.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,025 shares of the company’s stock worth $25,000 after acquiring an additional 1,379 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Grocery Outlet by 591.5% during the third quarter. Hantz Financial Services Inc. now owns 2,033 shares of the company’s stock worth $33,000 after acquiring an additional 1,739 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Grocery Outlet by 32.3% during the second quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company’s stock valued at $37,000 after acquiring an additional 719 shares in the last quarter. Finally, AlphaQuest LLC increased its holdings in Grocery Outlet by 327.7% during the 2nd quarter. AlphaQuest LLC now owns 5,761 shares of the company’s stock worth $72,000 after purchasing an additional 4,414 shares during the period. Hedge funds and other institutional investors own 99.87% of the company’s stock.

About Grocery Outlet

Grocery Outlet Holding Corp. (NASDAQ: GO) is a specialty discount retailer that offers consumers deeply discounted groceries by purchasing excess inventory, closeouts, and overstocks from manufacturers and distributors. Headquartered in Emeryville, California, the company operates two primary banners—Grocery Outlet and Fresh2Go—with a combined footprint of more than 400 stores. Its product assortment spans fresh produce, meat, dairy, bakery items, household staples, natural and organic offerings, and select specialty products, all sold at significant markdowns compared to conventional supermarkets.

The company’s unique buying model enables it to source inventory through opportunistic purchases of surplus freight, discontinued items, and closeout deals, which it then passes on as savings to its customers.