Bank of America Corp DE lifted its position in Grocery Outlet Holding Corp. (NASDAQ:GO – Free Report) by 31.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,083,541 shares of the company’s stock after acquiring an additional 258,292 shares during the period. Bank of America Corp DE owned 1.10% of Grocery Outlet worth $7,639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UBS Group AG lifted its holdings in shares of Grocery Outlet by 87.6% in the 4th quarter. UBS Group AG now owns 2,726,299 shares of the company’s stock valued at $27,536,000 after buying an additional 1,272,859 shares during the period. Vanguard Group Inc. grew its holdings in Grocery Outlet by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock worth $113,685,000 after acquiring an additional 213,325 shares during the period. CenterBook Partners LP grew its holdings in Grocery Outlet by 262.2% during the fourth quarter. CenterBook Partners LP now owns 645,159 shares of the company’s stock worth $6,516,000 after acquiring an additional 467,019 shares during the period. Clearbridge Investments LLC raised its position in Grocery Outlet by 6.6% during the fourth quarter. Clearbridge Investments LLC now owns 2,816,721 shares of the company’s stock valued at $28,449,000 after acquiring an additional 173,308 shares in the last quarter. Finally, Heartland Advisors Inc. raised its position in Grocery Outlet by 146.3% during the fourth quarter. Heartland Advisors Inc. now owns 682,650 shares of the company’s stock valued at $6,895,000 after acquiring an additional 405,500 shares in the last quarter. Hedge funds and other institutional investors own 99.87% of the company’s stock.
Wall Street Analysts Forecast Growth Several research firms recently issued reports on GO. Wells Fargo & Company boosted their target price on shares of Grocery Outlet from $9.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Morgan Stanley raised their price target on shares of Grocery Outlet from $7.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $9.00 price objective on shares of Grocery Outlet in a report on Thursday, August 13th. UBS Group upped their price objective on shares of Grocery Outlet from $10.00 to $11.50 and gave the stock a “neutral” rating in a research report on Monday, August 17th. Finally, Weiss Ratings raised shares of Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, August 13th. Twelve investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $10.59.
View Our Latest Research Report on Grocery Outlet Insider Activity In other Grocery Outlet news, insider Paul Blaine Miller acquired 8,000 shares of the stock in a transaction dated Thursday, August 20th. The stock was acquired at an average price of $10.90 per share, with a total value of $87,200.00. Following the completion of the purchase, the insider owned 72,171 shares in the company, valued at $786,663.90. This trade represents a 12.47% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought a total of 23,000 shares of company stock worth $228,400 over the last 90 days. 5.60% of the stock is currently owned by corporate insiders.
Grocery Outlet Price Performance Grocery Outlet stock opened at $12.12 on Wednesday. Grocery Outlet Holding Corp. has a 12-month low of $5.66 and a 12-month high of $19.23. The stock has a market cap of $1.20 billion, a P/E ratio of -3.13, a PEG ratio of 8.49 and a beta of 0.65. The company has a 50-day moving average price of $9.99 and a 200 day moving average price of $8.74. The company has a current ratio of 1.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60.
Grocery Outlet (NASDAQ:GO – Get Free Report) last posted its earnings results on Wednesday, August 12th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.07. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.17 billion. Grocery Outlet had a positive return on equity of 5.84% and a negative net margin of 8.04%.The firm’s quarterly revenue was up 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 earnings per share. Sell-side analysts anticipate that Grocery Outlet Holding Corp. will post 0.42 earnings per share for the current year.
Grocery Outlet Profile (Free Report)
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.
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Grocery Outlet během pátečního obchodování vzrostl o 4 % poté, co poslední čtvrtletní výsledky překonaly odhady u zisku na akcii i tržeb. Zisk na akcii činil 0,20 USD a tržby 1,19 miliardy USD.
Grocery Outlet Holding Corp. (NASDAQ:GO – Get Free Report) shares were up 4% during mid-day trading on Friday . The company traded as high as $12.24 and last traded at $12.17. 195,762 shares traded hands during trading, a decline of 94% from the average session volume of 3,122,490 shares. The stock had previously closed at $11.70.
Key Stories Impacting Grocery Outlet Here are the key news stories impacting Grocery Outlet this week:
Positive Sentiment: Higher full-year and long-term EPS forecasts: Zacks Research raised its FY2026 EPS estimate to $0.41 from $0.37 and its FY2028 estimate to $0.56 from $0.50. Estimates for Q1 2027 and Q1 2028 were also increased, suggesting analysts see potential for earnings improvement beyond the immediate outlook. Zacks Research estimate changes Positive Sentiment: Recent earnings beat supports sentiment: Grocery Outlet’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with EPS of $0.20 versus expectations of $0.13 and revenue of $1.19 billion versus $1.17 billion. However, revenue growth was modest at 1.1% year over year. Grocery Outlet earnings report Neutral Sentiment: Options activity is drawing attention: Recent movements in the options market have prompted investors to watch GO for a potential increase in volatility or a sharp move. Options positioning can signal heightened expectations, but it does not establish the direction of the stock’s next move. Is the Options Market Predicting a Spike in Grocery Outlet Holding Stock? Negative Sentiment: Near-term earnings estimates were reduced: Zacks cut its Q3 2026 EPS forecast to $0.11 from $0.16 and its Q3 2027 estimate to $0.16 from $0.18. These reductions indicate continued uncertainty about Grocery Outlet’s near-term profitability. Negative Sentiment: Retail-sector caution remains a risk: Recent market commentary notes that retailers are facing consumer price anxiety and pressure on discretionary spending. Grocery Outlet’s negative net margin and low quick ratio add to the importance of sustained operational improvement. Wall Street Analyst Weigh In Several equities research analysts have recently weighed in on GO shares. Roth Capital reiterated a “neutral” rating and set a $10.00 price target on shares of Grocery Outlet in a research report on Thursday, August 13th. DA Davidson raised their price objective on shares of Grocery Outlet from $9.00 to $12.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Weiss Ratings upgraded shares of Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, August 13th. Morgan Stanley boosted their price objective on shares of Grocery Outlet from $7.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, Telsey Advisory Group reaffirmed a “market perform” rating on shares of Grocery Outlet in a report on Thursday, August 13th. Twelve analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $10.59.
Get Our Latest Research Report on GO Grocery Outlet Stock Up 4.0% The company has a debt-to-equity ratio of 0.60, a current ratio of 1.29 and a quick ratio of 0.30. The company has a fifty day moving average price of $10.15 and a 200 day moving average price of $8.79. The company has a market cap of $1.21 billion, a PE ratio of -3.14, a price-to-earnings-growth ratio of 8.46 and a beta of 0.65.
Grocery Outlet (NASDAQ:GO – Get Free Report) last announced its earnings results on Wednesday, August 12th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $0.23 earnings per share. Grocery Outlet’s quarterly revenue was up 1.1% on a year-over-year basis. As a group, analysts anticipate that Grocery Outlet Holding Corp. will post 0.42 EPS for the current year.
Insider Buying and Selling at Grocery Outlet In related news, insider Paul Blaine Miller bought 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 20th. The stock was bought at an average cost of $10.90 per share, for a total transaction of $87,200.00. Following the completion of the transaction, the insider owned 72,171 shares of the company’s stock, valued at approximately $786,663.90. The trade was a 12.47% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders have acquired 23,000 shares of company stock worth $228,400. Company insiders own 5.60% of the company’s stock.
Hedge Funds Weigh In On Grocery Outlet Several institutional investors have recently modified their holdings of the company. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Grocery Outlet by 54.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company’s stock worth $159,216,000 after acquiring an additional 5,528,722 shares during the last quarter. BlackRock Inc. purchased a new position in Grocery Outlet in the 2nd quarter worth $152,440,000. Vanguard Group Inc. lifted its stake in Grocery Outlet by 1.9% in the fourth 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 during the last quarter. Mackenzie Financial Corp lifted its stake in Grocery Outlet by 0.5% in the fourth 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 during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Grocery Outlet by 5.0% during the third quarter. Dimensional Fund Advisors LP now owns 4,619,851 shares of the company’s stock valued at $74,149,000 after buying an additional 221,693 shares during the period. 99.87% of the stock is currently owned by institutional investors.
About Grocery Outlet (Get Free Report)
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.
Further Reading Five stocks we like better than Grocery Outlet From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash Venture Into High-Volatility Corners of the Market With These 3 ETFs 3 Retail Stocks to Watch After a Big Consumer Earnings Week Receive News & Ratings for Grocery Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grocery Outlet and related companies with MarketBeat.com's FREE daily email newsletter.
A slew of closures have left grocery shoppers in California with fewer affordable options.
Grocery Outlet — a major discount retailer — first announced plans to shut down 36 “financially underperforming stores” locations back in March. The shutters would take place all across the country as part of the company’s “optimization plan.”
The scheme would “improve operational execution, strengthen long-term profitability and increase cash flow generation,” according to a company earnings call.
Grocery Outlet has closed down eight California locations Hearst Newspapers via Getty Images The California-based chain has since closed down 12 stores with eight of them in The Golden State, the grocery behemoth said on its latest August 12 earnings call. Ian Ferry, CFO, added that 10 new stores have been opened during the quarter, and 17 this year to date.
While the company has not revealed a full list of stores that have closed, locations were made available by restructuring and investment firm Gordon Brothers.
Shortly after the closure announcement, Gordon Brothers put together a list of leases that were made public via a flyer.
The leases show eight California locations are up for grabs as they have closed down since July 2026.
The following address are the eight stores which have shut down:
315 Panno Drive, Brawley 350 N. 2nd Street, El Cajon 14868 West Whitesbridge Avenue, Kerman 2001 West Whittier Blvd, La Habra 4420 Ontario Mills Parkway, Ontario 2900 Sperry Ave, Patterson 13345 Poway Rd, Poway 120 N. China Lake Blvd, Ridgecrest
The closures come as the company has announced its optimization plan tputman151 – stock.adobe.com Jason Potter, the President and CEO of Grocery Outlet, said in the March earnings call that while the brand made progress on its goals last year, fourth-quarter proved it had more work to do.
“Consumer pressure intensified, federally funded benefits were delayed, and competition grew more promotional in the fourth quarter,” Potter said in a press release.
“In response, we have begun to sharpen our focus on what matters most: delivering clearer value and a better in-store experience.”
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In addition to the closed Golden State stores, it has also shut down three locations in Idaho, six in Maryland, four in New Jersey, six in Ohio and three in Pennsylvania.
Despite the 36 closures, it only accounts for roughly 6% of Grocery Outlet’s lineup, according to Grocery Dive.
Grocery Outlet is a bargain chain offering shoppers massive discounts MediaNews Group via Getty Images The retail giant has been a reliable spot for shoppers as folks can depend on it for massive discounts, including private-label products that have discounts ranging anywhere from 40% off up to 70% off.
The Post has reached out to Grocery Outlet for more information but has not heard back.
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Grocery Outlet Holding Corp. (GO - Free Report) came out with quarterly earnings of $0.2 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.23 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +66.67%. A quarter ago, it was expected that this supermarket company selling discount, overstocked and closeout products would post earnings of $0.02 per share when it actually produced earnings of $0.05, delivering a surprise of +150%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Grocery Outlet, which belongs to the Zacks Consumer Products - Staples industry, posted revenues of $1.19 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.24%. This compares to year-ago revenues of $1.18 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Grocery Outlet shares have lost about 2.7% since the beginning of the year versus the S&P 500's gain of 12.9%.
What's Next for Grocery Outlet?While Grocery Outlet has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Grocery Outlet was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.18 on $1.16 billion in revenues for the coming quarter and $0.50 on $4.63 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products - Staples is currently in the bottom 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Consumer Staples sector, Campbell's (CPB - Free Report) , is yet to report results for the quarter ended July 2026.
This maker of canned soup, Pepperidge Farm cookies and V8 juice is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of -35.5%. The consensus EPS estimate for the quarter has been revised 7.3% lower over the last 30 days to the current level.
Campbell's' revenues are expected to be $2.16 billion, down 7.1% from the year-ago quarter.
Grocery Outlet čeká na výsledky za 2. čtvrtletí, přičemž výnosy mohou klesnout o 1,1 % a zisk na akcii na 12 centů. Tlak vytvářejí slabé komparabilní tržby a marže.
Key Takeaways Grocery Outlet's Q2 results face pressure from soft comparable-store sales and margin headwinds.GO expects promotional investments and inventory liquidation activity to weigh on margins.Grocery Outlet is strengthening branded opportunistic merchandise, value messaging and store execution. Grocery Outlet Holding Corp. (GO - Free Report) is scheduled to report second-quarter 2026 earnings results on Aug. 12, after the closing bell. The key question for investors is whether the extreme-value retailer of name-brand consumables and fresh products can build on its recent earnings surprise while navigating soft comparable-store sales and margin pressure.
The Zacks Consensus Estimate for second-quarter revenues stands at $1,167 million, indicating a 1.1% decline from the prior-year reported figure. On the earnings front, the consensus estimate has remained stable at 12 cents a share over the past 30 days, implying a decrease of 47.8% from the year-ago period.
Grocery Outlet has a trailing four-quarter earnings surprise of 46.6%, on average. In the last reported quarter, this Emeryville, CA-based company surpassed the Zacks Consensus Estimate by 150%.
Image Source: Zacks Investment Research
What the Zacks Model Indicates for GO’s Q2 EarningsAs investors prepare for Grocery Outlet’s second-quarter results, the question looms regarding an earnings beat or miss. Our proven model does not conclusively predict an earnings beat for Grocery Outlet this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. However, that’s not the case here. You can see the complete list of today’s Zacks #1 Rank stocks here.
Grocery Outlet has a Zacks Rank #4 (Sell) and an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Factors Likely to Have Shaped Grocery Outlet's Q2 OutcomeGrocery Outlet’s second-quarter top line is likely to have remained under pressure from soft comparable-store sales. We expect comparable-store sales to decline 1.5% during the quarter under review. Management entered the quarter expecting continued comp weakness, with the Easter calendar shift creating an additional headwind. Management had indicated that improving traffic had not yet fully translated into stronger spending per trip, as lower units per transaction continued to weigh on average transaction size. The company is also rebuilding its opportunistic merchandise mix, as a lower mix of these products had previously weighed on ticket size.
Continued promotional investments aimed at supporting traffic and rebuilding value perception, along with additional inventory liquidation activity related to store closures, are likely to have weighed on margins. We expect gross margin to decline 70 basis points in the second quarter.
Grocery Outlet entered the quarter with encouraging signs that its efforts to restore its core value proposition are gaining traction. Management had increased its focus on branded opportunistic merchandise, supported by broader supplier outreach, improved product visibility, faster delivery times and better systems and reporting. This merchandise is central to Grocery Outlet’s differentiated model because compelling branded deals reinforce its treasure-hunt shopping experience. The company has also been sharpening its extreme-value messaging through digital and awareness-based marketing and making savings more visible in stores. These initiatives had already generated a favorable customer response and improved traffic trends, providing a foundation for better sales productivity as the opportunistic assortment continued to strengthen.
The company continued to boost store-level execution and the quality of its portfolio. Its store-refresh efforts focused on better layouts, signage and merchandising, while enhanced analytical tools, benchmarking and the annual business review process are designed to help independent operators improve sales mix, shrink and operating efficiency. At the same time, the completion of closures involving underperforming locations should help improve overall fleet quality and allow management to concentrate resources on more productive stores.
GO Stock Price PerformanceGrocery Outlet, which competes with Sprouts Farmers Market, Inc. (SFM - Free Report) and The Kroger Co. (KR - Free Report) , has seen its shares jump 23.5% over the past three months compared with the industry’s 5.3% rise. Shares of Sprouts Farmers and Kroger have fallen 1.8% and 12.6%, respectively, over the said period.
Image Source: Zacks Investment Research
Does GO’s Valuation Look Attractive?Grocery Outlet appears inexpensive relative to the broader industry and key peers. The stock currently trades at a forward 12-month price-to-sales (P/S) multiple of 0.20, substantially below the industry average of 2.27.
GO also trades at a discount to Sprouts Farmers Market, which carries a forward 12-month P/S multiple of 0.80, and slightly below Kroger’s multiple of 0.23.
Image Source: Zacks Investment Research
Final Words on Grocery OutletGrocery Outlet appears to be making meaningful progress in restoring its value proposition and improving execution, but the second quarter is still likely to have witnessed soft comparable-store sales, lingering basket pressure and margin headwinds from promotional support and closure-related activity. Encouraging traffic trends, a stronger opportunistic merchandise pipeline, sharper value messaging and portfolio optimization provide reasons for longer-term optimism, yet these positives may not be enough to drive a clear near-term earnings upside. With the Zacks model not signaling a convincing beat and the stock already having rallied meaningfully in recent months, investors may be better served by staying cautious ahead of the release.
