Grocery Outlet (NASDAQ:GO) Given New $14.00 Price Target at TD Cowen

Grocery Outlet (NASDAQ:GO) had its price target raised by TD Cowen from $12.00 to $14.00 in a research note published on Wednesday morning,Benzinga reports. TD Cowen currently has a hold rating on the stock.

Several other brokerages have also recently weighed in on GO. Bank of America raised shares of Grocery Outlet from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $12.50 to $15.00 in a research note on Wednesday, September 30th. Deutsche Bank reiterated a “hold” rating and issued a $9.00 target price on shares of Grocery Outlet in a research note on Thursday, August 13th. Morgan Stanley boosted their target price on Grocery Outlet from $7.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th. Wells Fargo & Company increased their price target on Grocery Outlet from $11.00 to $13.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Finally, DA Davidson increased their price target on Grocery Outlet from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus target price of $11.41.

Grocery Outlet Stock Down 6.4%

GO opened at $13.12 on Wednesday. The firm’s 50-day simple moving average is $12.23 and its 200-day simple moving average is $9.72. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 1.29. Grocery Outlet has a twelve month low of $5.66 and a twelve month high of $14.32. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of -3.40, a PEG ratio of 9.75 and a beta of 0.64.

Grocery Outlet (NASDAQ:GO) last announced its earnings results on Tuesday, November 10th. The company reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. Grocery Outlet had a negative net margin of 7.99% and a positive return on equity of 5.49%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter last year, the company posted $0.21 EPS. The firm’s revenue for the quarter was up .9% on a year-over-year basis. Equities research analysts anticipate that Grocery Outlet will post 0.42 EPS for the current fiscal year.

Insider Activity

In related news, insider Paul Miller bought 8,000 shares of the company’s stock in a transaction on Thursday, August 20th. The stock was bought at an average cost of $10.90 per share, with a total value of $87,200.00. Following the completion of the purchase, the insider owned 72,171 shares in the company, valued at approximately $786,663.90. The trade was a 12.47% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Carey Jaros bought 15,000 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was bought at an average cost of $11.70 per share, with a total value of $175,500.00. Following the completion of the purchase, the director owned 60,000 shares of the company’s stock, valued at approximately $702,000. The trade was a 33.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 5.60% of the company’s stock.

Institutional Trading of Grocery Outlet

A number of hedge funds and other institutional investors have recently modified their holdings of GO. Heartland Advisors Inc. lifted its stake in shares of Grocery Outlet by 6.2% during the third quarter. Heartland Advisors Inc. now owns 703,050 shares of the company’s stock valued at $7,909,000 after acquiring an additional 41,150 shares during the period. Ieq Capital LLC lifted its position in Grocery Outlet by 29.8% during the 3rd quarter. Ieq Capital LLC now owns 34,765 shares of the company’s stock valued at $391,000 after purchasing an additional 7,973 shares during the period. Focus Advisor Solutions LLC lifted its position in Grocery Outlet by 84.2% during the 3rd quarter. Focus Advisor Solutions LLC now owns 22,249 shares of the company’s stock valued at $250,000 after purchasing an additional 10,173 shares during the period. Landscape Capital Management L.L.C. bought a new position in shares of Grocery Outlet in the 3rd quarter valued at about $649,000. Finally, Edgestream Partners L.P. bought a new position in shares of Grocery Outlet in the 3rd quarter valued at about $387,000. Institutional investors and hedge funds own 99.87% of the company’s stock.

Key Grocery Outlet News

Investors following GO have been watching these news items:

• Positive Sentiment: Third-quarter earnings and revenue topped estimates. Comparable-store sales rose 0.5%, supported by stronger traffic, and the company raised its fiscal 2026 comparable-sales outlook. Grocery Outlet Q3 Earnings Beat Estimates on Stronger Traffic & Comps
• Positive Sentiment: Fiscal 2026 EPS guidance is $0.52–$0.55, versus a $0.52 consensus estimate. Revenue guidance of approximately $4.7 billion is broadly in line with expectations.
• Negative Sentiment: Profitability remains a concern: higher costs and promotional pricing are pressuring the profit outlook. Third-quarter EPS of $0.16 was below the $0.21 reported a year earlier, while sales grew just 0.9% year over year. These pressures may explain why the stock has declined despite the earnings beat. Grocery Outlook Pressured as Higher Costs and Promo Pricing Weighs on Profit Outlook

About Grocery Outlet

Grocery Outlet Holding Corp. operates Grocery Outlet Bargain Market, a discount grocery chain offering brand-name products and private-label items at value-oriented prices. Its stores carry a range of goods, including groceries, fresh produce, meat, dairy, frozen foods and household products. The company uses opportunistic buying to source products, which can result in changing assortments and limited-time deals. Founded in 1946 by Jim Read, Grocery Outlet has grown from a California-based business into a retailer serving communities across the western United States and parts of the East Coast.