Q2 EPS Estimates for Grocery Outlet Raised by Zacks Research

Grocery Outlet Holding Corp. (NASDAQ:GO) – Equities research analysts at Zacks Research lifted their Q2 2027 earnings estimates for shares of Grocery Outlet in a research report issued to clients and investors on Wednesday, August 26th. Zacks Research analyst Team now anticipates that the company will post earnings per share of $0.19 for the quarter, up from their prior forecast of $0.14. The consensus estimate for Grocery Outlet’s current full-year earnings is $0.42 per share. Zacks Research also issued estimates for Grocery Outlet’s Q4 2027 earnings at $0.13 EPS, FY2027 earnings at $0.52 EPS and Q2 2028 earnings at $0.20 EPS.

Grocery Outlet (NASDAQ:GO) last released its earnings results on Wednesday, August 12th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.13 by $0.07. Grocery Outlet had a negative net margin of 8.04% and a positive return on equity of 5.84%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the firm earned $0.23 earnings per share. The company’s quarterly revenue was up 1.1% compared to the same quarter last year.

Other research analysts also recently issued research reports about the stock. Morgan Stanley increased their price objective on shares of Grocery Outlet from $7.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Roth Capital reaffirmed a “neutral” rating and issued a $10.00 target price on shares of Grocery Outlet in a report on Thursday, August 13th. Telsey Advisory Group reiterated a “market perform” rating on shares of Grocery Outlet in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $9.00 price target on shares of Grocery Outlet in a research note on Thursday, August 13th. Finally, UBS Group raised their price target on Grocery Outlet from $10.00 to $11.50 and gave the company a “neutral” rating in a report on Monday, August 17th. Twelve equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $10.59.

Grocery Outlet Stock Performance

GO opened at $11.95 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.30 and a current ratio of 1.29. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -3.09, a PEG ratio of 8.46 and a beta of 0.65. The company has a fifty day moving average of $10.21 and a 200 day moving average of $8.80. Grocery Outlet has a fifty-two week low of $5.66 and a fifty-two week high of $18.79.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd raised its position in Grocery Outlet by 1,030.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock valued at $26,000 after purchasing an additional 2,308 shares during the period. Kestra Advisory Services LLC bought a new position in shares of Grocery Outlet during the 4th quarter valued at approximately $35,000. Allworth Financial LP purchased a new stake in Grocery Outlet during the 2nd quarter valued at $40,000. Quantbot Technologies LP purchased a new stake in Grocery Outlet during the 2nd quarter valued at $46,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Grocery Outlet in the second quarter worth $58,000. Hedge funds and other institutional investors own 99.87% of the company’s stock.

Insiders Place Their Bets

In other Grocery Outlet news, insider Paul Blaine Miller bought 10,000 shares of the firm’s stock in a transaction dated Thursday, June 18th. The shares were purchased at an average cost of $9.37 per share, for a total transaction of $93,700.00. Following the transaction, the insider owned 59,171 shares of the company’s stock, valued at $554,432.27. This represents a 20.34% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Carey F. Jaros bought 15,000 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were acquired at an average price of $11.70 per share, for a total transaction of $175,500.00. Following the completion of the transaction, the director directly owned 60,000 shares in the company, valued at approximately $702,000. This represents a 33.33% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 38,000 shares of company stock valued at $403,900 over the last three months. Corporate insiders own 5.60% 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.