Grocery Outlet (NASDAQ:GO) Posts Earnings Results, Beats Estimates By $0.02 EPS

Grocery Outlet (NASDAQ:GO) released its earnings results on Tuesday. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.02, Zacks reports. Grocery Outlet had a net margin of 1.20% and a return on equity of 5.25%. Grocery Outlet updated its FY 2025 guidance to 0.700-0.750 EPS and its FY 2025 guidance to 0.700-0.750 EPS.

Grocery Outlet Trading Down 0.4 %

GO traded down $0.06 during mid-day trading on Tuesday, hitting $15.74. The stock had a trading volume of 2,745,926 shares, compared to its average volume of 1,964,521. Grocery Outlet has a 1-year low of $13.60 and a 1-year high of $29.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of 30.86, a price-to-earnings-growth ratio of 9.08 and a beta of 0.32. The stock’s fifty day simple moving average is $16.28 and its 200-day simple moving average is $17.21.

Wall Street Analyst Weigh In

GO has been the subject of several recent research reports. Wells Fargo & Company dropped their price target on shares of Grocery Outlet from $26.00 to $23.00 and set an “overweight” rating for the company in a research report on Wednesday, November 6th. Bank of America downgraded Grocery Outlet from a “buy” rating to a “neutral” rating and cut their target price for the stock from $29.00 to $17.00 in a research report on Wednesday, October 30th. Deutsche Bank Aktiengesellschaft cut their price objective on Grocery Outlet from $29.00 to $26.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. The Goldman Sachs Group dropped their target price on shares of Grocery Outlet from $17.00 to $15.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Finally, UBS Group decreased their price objective on shares of Grocery Outlet from $21.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $18.00.

About Grocery Outlet

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.