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

Grocery Outlet (NASDAQ:GO) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided EPS guidance of 0.700-0.750 for the period, compared to the consensus EPS 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.

Grocery Outlet Stock Performance

NASDAQ:GO traded up $0.53 during mid-day trading on Thursday, hitting $11.52. 4,051,057 shares of the stock were exchanged, compared to its average volume of 2,366,423. The firm’s 50-day simple moving average is $16.14 and its 200 day simple moving average is $17.14. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 22.64, a price-to-earnings-growth ratio of 9.08 and a beta of 0.32. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. Grocery Outlet has a fifty-two week low of $10.26 and a fifty-two week high of $29.19.

Wall Street Analyst Weigh In

GO has been the topic of a number of recent analyst reports. Telsey Advisory Group decreased their target price on Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating on the stock in a research report on Wednesday. UBS Group cut their price objective on Grocery Outlet from $21.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. Morgan Stanley lowered their target price on Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating for the company in a report on Wednesday. Bank of America dropped their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday. Finally, Wells Fargo & Company dropped their target price on shares of Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $15.25.

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.