Grocery Outlet (NASDAQ:GO) Issues FY 2025 Earnings Guidance

Grocery Outlet (NASDAQ:GO) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.700-0.750 for the period, compared to the consensus estimate of 0.940. The company issued revenue guidance of $4.7 billion-$4.8 billion, compared to the consensus revenue estimate of $4.7 billion. Grocery Outlet also updated its FY 2025 guidance to 0.700-0.750 EPS.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Craig Hallum lowered their price objective on shares of Grocery Outlet from $20.00 to $17.00 and set a “hold” rating for the company in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their target price on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reduced their price objective on shares of Grocery Outlet from $17.00 to $15.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Bank of America decreased their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, TD Cowen lowered Grocery Outlet from a “buy” rating to a “hold” rating and lowered their target price for the stock from $25.00 to $16.00 in a research report on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $15.58.

Grocery Outlet Stock Performance

NASDAQ:GO traded down $4.55 on Wednesday, hitting $11.19. The stock had a trading volume of 9,179,228 shares, compared to its average volume of 2,154,645. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. Grocery Outlet has a 52-week low of $10.26 and a 52-week high of $29.19. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 21.96, a price-to-earnings-growth ratio of 9.08 and a beta of 0.32. The business’s 50-day simple moving average is $16.26 and its two-hundred day simple moving average is $17.18.

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.