Zacks Research Forecasts Weaker Earnings for Grocery Outlet

Grocery Outlet Holding Corp. (NASDAQ:GO) – Analysts at Zacks Research decreased their Q3 2026 earnings per share (EPS) estimates for shares of Grocery Outlet in a research report issued on Wednesday, May 27th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.16 for the quarter, down from their prior estimate of $0.18. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.37 per share. Zacks Research also issued estimates for Grocery Outlet’s Q1 2027 earnings at $0.02 EPS, Q2 2027 earnings at $0.14 EPS, Q3 2027 earnings at $0.18 EPS, Q4 2027 earnings at $0.12 EPS, FY2027 earnings at $0.46 EPS and Q1 2028 earnings at $0.03 EPS.

GO has been the subject of a number of other research reports. Weiss Ratings cut Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Friday, May 15th. DA Davidson boosted their price target on Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company upped their price objective on Grocery Outlet from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. Telsey Advisory Group cut Grocery Outlet from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $15.00 to $9.00 in a research report on Thursday, March 5th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $7.00 price target (down from $18.00) on shares of Grocery Outlet in a report on Thursday, March 5th. Eleven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Grocery Outlet presently has a consensus rating of “Reduce” and a consensus target price of $10.32.

Grocery Outlet Trading Down 3.8%

NASDAQ GO opened at $8.19 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.59. Grocery Outlet has a twelve month low of $5.66 and a twelve month high of $19.41. The firm has a market capitalization of $810.15 million, a PE ratio of -2.11, a P/E/G ratio of 13.37 and a beta of 0.67. The stock’s 50 day moving average is $7.54 and its 200 day moving average is $8.94.

Grocery Outlet (NASDAQ:GO) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Grocery Outlet had a positive return on equity of 5.69% and a negative net margin of 8.08%.The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. During the same period last year, the company earned $0.13 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, CEO Jason J. N. Potter purchased 110,252 shares of Grocery Outlet stock in a transaction dated Monday, March 23rd. The shares were purchased at an average cost of $6.35 per share, for a total transaction of $700,100.20. Following the completion of the acquisition, the chief executive officer owned 684,618 shares in the company, valued at $4,347,324.30. This represents a 19.20% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Erik D. Ragatz purchased 50,000 shares of Grocery Outlet stock in a transaction dated Thursday, March 19th. The stock was acquired at an average price of $5.75 per share, for a total transaction of $287,500.00. Following the completion of the acquisition, the director owned 526,500 shares of the company’s stock, valued at approximately $3,027,375. This trade represents a 10.49% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 899,905 shares of company stock valued at $5,396,307 and sold 89,493 shares valued at $524,431. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of Grocery Outlet

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. T. Rowe Price Investment Management Inc. boosted its position in Grocery Outlet by 54.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company’s stock valued at $159,216,000 after acquiring an additional 5,528,722 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Grocery Outlet by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock worth $113,685,000 after purchasing an additional 213,325 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Grocery Outlet by 0.5% in the 4th quarter. Mackenzie Financial Corp now owns 4,709,721 shares of the company’s stock worth $47,757,000 after purchasing an additional 22,418 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Grocery Outlet by 5.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,619,851 shares of the company’s stock worth $74,149,000 after purchasing an additional 221,693 shares in the last quarter. Finally, Marshall Wace LLP boosted its position in shares of Grocery Outlet by 0.5% in the 3rd quarter. Marshall Wace LLP now owns 4,577,371 shares of the company’s stock worth $73,467,000 after purchasing an additional 20,819 shares in the last quarter. Institutional investors own 99.87% of the company’s stock.

Grocery Outlet Company Profile

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.