Grocery Outlet (NASDAQ:GO) Given New $13.00 Price Target at Wells Fargo & Company

Grocery Outlet (NASDAQ:GO) had its price objective upped by Wells Fargo & Company from $11.00 to $13.00 in a report published on Wednesday, MarketBeat Ratings reports. The brokerage currently has an equal weight rating on the stock.

Other analysts also recently issued research reports about the stock. Morgan Stanley lifted their price target on shares of Grocery Outlet from $7.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Bank of America upgraded shares of Grocery Outlet from a “neutral” rating to a “buy” rating and boosted their price target for the company from $12.50 to $15.00 in a research note on Wednesday, September 30th. UBS Group upped their price objective on shares of Grocery Outlet from $10.00 to $11.50 and gave the stock a “neutral” rating in a report on Monday, August 17th. Roth Capital reaffirmed a “neutral” rating and issued a $10.00 price objective on shares of Grocery Outlet in a research note on Thursday, August 13th. Finally, TD Cowen assumed coverage on shares of Grocery Outlet in a report on Friday, October 30th. They set a “hold” rating for the company. One investment analyst has rated the stock with a Buy rating, twelve have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Grocery Outlet currently has a consensus rating of “Reduce” and an average target price of $11.41.

Grocery Outlet Trading Down 6.4%

Shares of Grocery Outlet stock opened at $13.12 on Wednesday. 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 52 week low of $5.66 and a 52 week high of $14.32. The stock has a 50 day moving average price of $12.23 and a two-hundred day moving average price of $9.72. The stock has a market capitalization of $1.30 billion, a PE ratio of -3.40, a price-to-earnings-growth ratio of 9.75 and a beta of 0.64.

Grocery Outlet (NASDAQ:GO) last released its quarterly earnings data on Tuesday, November 10th. The company reported $0.16 EPS for the quarter, meeting the consensus estimate of $0.16. Grocery Outlet had a positive return on equity of 5.49% and a negative net margin of 7.99%. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $0.21 earnings per share. The company’s quarterly revenue was up .9% on a year-over-year basis. As a group, equities analysts anticipate that Grocery Outlet will post 0.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Carey F. Jaros bought 15,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were bought at an average price of $11.70 per share, for a total transaction of $175,500.00. Following the completion of the acquisition, the director directly owned 60,000 shares of the company’s stock, valued at $702,000. This trade represents a 33.33% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Miller bought 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The shares were bought at an average cost of $10.90 per share, for a total transaction of $87,200.00. Following the transaction, the insider owned 72,171 shares of the company’s stock, valued at $786,663.90. The trade was a 12.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 5.60% of the company’s stock.

Institutional Investors Weigh In On Grocery Outlet

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new stake in Grocery Outlet in the 2nd quarter valued at $152,440,000. Bank of America Corp DE boosted its holdings in Grocery Outlet by 31.3% during the 1st quarter. Bank of America Corp DE now owns 1,083,541 shares of the company’s stock worth $7,639,000 after acquiring an additional 258,292 shares during the last quarter. Heartland Advisors Inc. boosted its holdings in Grocery Outlet by 8.4% during the 1st quarter. Heartland Advisors Inc. now owns 739,850 shares of the company’s stock worth $5,216,000 after acquiring an additional 57,200 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Grocery Outlet during the 2nd quarter worth $5,500,000. Finally, Principal Financial Group Inc. boosted its holdings in Grocery Outlet by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 476,889 shares of the company’s stock worth $3,362,000 after acquiring an additional 9,288 shares during the last quarter. Institutional investors own 99.87% of the company’s stock.

Key Stories Impacting Grocery Outlet

Investors following GO have been watching these stories:

• 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
• Neutral Sentiment: TD Cowen raised its price target to $14 and Wells Fargo lifted its target to $13, but both maintained equivalent neutral ratings (“hold” and “equal weight”), suggesting limited conviction in near-term upside.
• 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

Grocery Outlet Company Profile

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.