Grocery Outlet (GO) Stock Forecast, Price Target & Predictions


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GO Stock Forecast


Grocery Outlet stock forecast is as follows: an average price target of $17.75 (represents a 12.63% upside from GO’s last price of $15.76) and a rating consensus of 'Hold', based on 14 wall street analysts offering a 1-year stock forecast.

GO Price Target


The average price target for Grocery Outlet (GO) is $17.75 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $20.00 to $16.00. This represents a potential 12.63% upside from GO's last price of $15.76.

GO Analyst Ratings


Hold

According to 14 Wall Street analysts, Grocery Outlet's rating consensus is 'Hold'. The analyst rating breakdown for GO stock is 0 'Strong Buy' (0.00%), 4 'Buy' (28.57%), 9 'Hold' (64.29%), 1 'Sell' (7.14%), and 0 'Strong Sell' (0.00%).

Grocery Outlet Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 06, 2024Jeremy HamblinCraig-Hallum$17.00$14.7315.37%7.87%
Nov 06, 2024Katy HallbergD.A. Davidson$17.00$14.7315.37%7.87%
Oct 31, 2024Anthony ChukumbaLoop Capital Markets$16.00$13.9015.11%1.52%
Oct 30, 2024Joseph FeldmanTelsey Advisory$19.00$13.6639.09%20.56%
Oct 30, 2024Robert OhmesBank of America Securities$17.00$13.7024.13%7.87%
Oct 17, 2024Anthony ChukumbaLoop Capital Markets$17.00$16.870.77%7.87%
Sep 23, 2024Karen ShortMelius Research$17.00$16.075.75%7.87%
Sep 04, 2024Kate McShaneGoldman Sachs$19.00$18.035.38%20.56%
Aug 07, 2024Joseph FeldmanTelsey Advisory$27.00$20.4232.22%71.32%
Aug 07, 2024William KirkRoth Capital$20.00$20.06-0.30%26.90%
Aug 02, 2023Joseph FeldmanTelsey Advisory$40.00$33.4619.55%153.81%
Aug 23, 2022Simeon GutmanMorgan Stanley$33.00$41.74-20.94%109.39%
May 11, 2022Scott MushkinR5 Capital$30.46$35.65-14.56%93.27%
Aug 11, 2021Jeremy HamblinCraig-Hallum$35.00$27.6726.49%122.08%
Aug 11, 2021Kate McShaneGoldman Sachs$36.00$27.6730.10%128.43%
Jun 04, 2021Randal KonikJefferies$32.00$33.55-4.62%103.05%

The latest Grocery Outlet stock forecast, released on Nov 06, 2024 by Jeremy Hamblin from Craig-Hallum, set a price target of $17.00, which represents a 15.37% increase from the stock price at the time of the forecast ($14.73), and a 7.87% increase from GO last price ($15.76).

Grocery Outlet Price Target by Period


1M3M12M
# Anlaysts-610
Avg Price Target-$17.17$18.60
Last Closing Price$15.76$15.76$15.76
Upside/Downside-100.00%8.95%18.02%

In the current month, the average price target of Grocery Outlet stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Grocery Outlet's last price of $15.76. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Nov 06, 2024Craig-HallumHoldHoldHold
Nov 06, 2024Cowen & Co.OutperformHoldDowngrade
Oct 31, 2024Loop Capital MarketsHoldHoldHold
Oct 30, 2024Telsey AdvisoryUnderperformMarket PerformDowngrade
Oct 17, 2024Telsey AdvisoryUnderperformUnderperformHold
Oct 17, 2024UBSHoldHoldHold
Oct 17, 2024BernsteinOutperformInitialise
Oct 17, 2024Loop Capital MarketsHoldInitialise
Sep 23, 2024Wells FargoHoldHoldHold
Sep 04, 2024Goldman SachsSellSellHold
Aug 07, 2024UBSNeutralNeutralHold
Aug 07, 2024Chardan CapitalBuyBuyHold
Aug 07, 2024Leerink PartnersMarket PerformDowngrade
Aug 07, 2024Telsey AdvisoryOutperformOutperformHold
Jul 31, 2024UBSUnderperformUnderperformHold
Jul 31, 2024Wells FargoBuyBuyHold
Jul 31, 2024Craig-HallumBuyHoldDowngrade
Feb 28, 2024Craig-HallumReduceBuyUpgrade
Sep 15, 2023Telsey AdvisoryOutperformOutperformHold
Aug 02, 2023Telsey AdvisoryOutperformOutperformHold
Mar 16, 2023Craig-HallumBuyReduceDowngrade
Aug 23, 2022Morgan StanleyUnderweightEqual-WeightDowngrade
Aug 23, 2022Morgan StanleyUnderweightDowngrade
Jun 10, 2022Cowen & Co.OutperformOutperformHold
May 12, 2022Wells FargoOverweightUpgrade
May 11, 2022R5 CapitalHoldUpgrade
May 11, 2022Craig-HallumBuyUpgrade
May 11, 2022Deutsche BankBuyUpgrade
Apr 29, 2022Bank of America SecuritiesBuyUpgrade

Grocery Outlet's last stock rating was published by Craig-Hallum on Nov 06, 2024. The company gave GO a "Hold" rating, the same as its previous rate.

Grocery Outlet Financial Forecast


Grocery Outlet Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$989.82M-$1.01B$965.47M$930.83M$918.18M$897.66M$831.43M$806.82M$768.88M$775.53M$752.47M-$764.08M$803.43M$760.31M$655.52M$652.54M
Avg Forecast$1.32B$1.33B$1.36B$1.27B$1.20B$1.19B$1.21B$1.15B$1.09B$1.10B$1.10B$1.02B$978.73M$1.01B$980.20M$949.10M$910.52M$880.77M$860.15M$810.36M$776.35M$780.88M$775.58M$757.64M$787.90M$759.04M$780.56M$759.68M$654.91M$652.58M
High Forecast$1.37B$1.38B$1.41B$1.31B$1.24B$1.24B$1.26B$1.21B$1.13B$1.10B$1.10B$1.02B$996.23M$1.01B$1.02B$984.33M$944.33M$880.77M$860.15M$810.36M$776.35M$780.88M$775.58M$757.64M$787.90M$759.04M$780.56M$759.68M$654.91M$652.58M
Low Forecast$1.29B$1.31B$1.34B$1.24B$1.17B$1.17B$1.19B$1.13B$1.08B$1.10B$1.10B$1.02B$969.33M$1.01B$960.71M$930.22M$892.41M$880.77M$860.15M$810.36M$776.35M$780.88M$775.58M$757.64M$787.90M$759.04M$780.56M$759.68M$654.91M$652.58M
# Analysts4474335910747874733334444444433
Surprise %------------1.01%-1.03%1.02%1.02%1.04%1.04%1.03%1.04%0.98%1.00%0.99%-1.01%1.03%1.00%1.00%1.00%

Grocery Outlet's average Quarter revenue forecast for Mar 24 based on 7 analysts is $1.02B, with a low forecast of $1.02B, and a high forecast of $1.02B. GO's average Quarter revenue forecast represents a 3.28% increase compared to the company's last Quarter revenue of $989.82M (Dec 23).

Grocery Outlet EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4474335910747874733334444444433
EBITDA------------$18.93M-$57.60M$53.49M$43.52M$44.84M$45.70M$38.36M$43.41M$44.02M$45.02M$39.74M-$44.92M$46.06M$30.32M$27.56M$37.20M
Avg Forecast$66.92M$67.70M$69.26M$64.27M$60.74M$60.60M$61.60M$58.37M$55.22M$55.81M$56.04M$41.77M$49.71M$51.16M$49.78M$37.97M$37.96M$44.65M$43.61M$34.52M$39.36M$39.59M$39.32M$37.94M$39.94M$38.48M$39.57M$14.09M$33.20M$33.08M
High Forecast$69.41M$70.22M$71.83M$66.66M$63.00M$62.85M$63.89M$61.42M$57.27M$55.92M$56.05M$50.12M$50.59M$51.17M$51.63M$45.57M$45.55M$44.65M$43.61M$41.43M$39.36M$39.59M$39.32M$45.52M$39.94M$38.48M$39.57M$16.91M$33.20M$33.08M
Low Forecast$65.59M$66.36M$67.88M$62.99M$59.54M$59.39M$60.38M$57.36M$54.71M$55.71M$56.04M$33.42M$49.23M$51.16M$48.79M$30.38M$30.37M$44.65M$43.61M$27.62M$39.36M$39.59M$39.32M$30.35M$39.94M$38.48M$39.57M$11.27M$33.20M$33.08M
Surprise %------------0.38%-1.16%1.41%1.15%1.00%1.05%1.11%1.10%1.11%1.15%1.05%-1.17%1.16%2.15%0.83%1.12%

7 analysts predict GO's average Quarter EBITDA for Mar 24 to be $41.77M, with a high of $50.12M and a low of $33.42M. This is 120.71% upper than Grocery Outlet's previous annual EBITDA (Dec 23) of $18.93M.

Grocery Outlet Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4474335910747874733334444444433
Net Income------------$14.11M-$24.47M$13.72M$15.89M$17.50M$20.09M$11.57M$24.26M$17.14M$19.64M$18.89M-$40.47M$29.33M$12.64M$9.83M$12.45M
Avg Forecast$31.66M$31.66M$32.65M$24.73M$23.16M$29.20M$25.92M$15.76M$16.43M$26.86M$20.13M$12.60M$15.99M$26.80M$25.71M$11.46M$7.30M$25.82M$24.13M$10.42M$20.03M$22.34M$23.88M$18.03M$23.11M$23.44M$22.81M$9.59M$17.54M$18.65M
High Forecast$33.19M$33.19M$34.22M$25.93M$24.28M$30.60M$27.17M$19.13M$17.40M$27.23M$20.30M$15.12M$19.98M$26.95M$26.95M$13.75M$8.76M$25.82M$24.13M$12.50M$20.03M$22.34M$23.88M$21.64M$23.11M$23.44M$22.81M$11.51M$17.54M$18.65M
Low Forecast$30.84M$30.84M$31.80M$24.09M$22.56M$28.44M$25.25M$9.00M$14.50M$26.49M$19.96M$10.08M$13.99M$26.66M$25.05M$9.17M$5.84M$25.82M$24.13M$8.33M$20.03M$22.34M$23.88M$14.43M$23.11M$23.44M$22.81M$7.67M$17.54M$18.65M
Surprise %------------0.88%-0.95%1.20%2.18%0.68%0.83%1.11%1.21%0.77%0.82%1.05%-1.73%1.29%1.32%0.56%0.67%

Grocery Outlet's average Quarter net income forecast for Mar 24 is $12.60M, with a range of $10.08M to $15.12M. GO's average Quarter net income forecast represents a -10.65% decrease compared to the company's last Quarter net income of $14.11M (Dec 23).

Grocery Outlet SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4474335910747874733334444444433
SG&A------------$279.95M-$290.09M$267.73M$238.42M$236.54M$233.71M$213.23M$201.37M$193.47M$197.16M$192.54M-$193.74M$208.18M$207.21M$173.48M$163.94M
Avg Forecast$346.92M$350.98M$359.03M$333.18M$314.90M$314.13M$319.36M$302.61M$286.25M$289.33M$290.53M$232.21M$257.68M$265.23M$258.07M$211.10M$220.65M$231.87M$226.44M$191.91M$204.38M$205.57M$204.17M$183.79M$207.42M$199.82M$205.49M$167.16M$172.41M$171.79M
High Forecast$359.80M$364.01M$372.36M$345.55M$326.59M$325.80M$331.21M$318.40M$296.87M$289.87M$290.55M$278.65M$262.29M$265.27M$267.65M$253.31M$264.78M$231.87M$226.44M$230.29M$204.38M$205.57M$204.17M$220.54M$207.42M$199.82M$205.49M$200.60M$172.41M$171.79M
Low Forecast$340.02M$344.00M$351.89M$326.55M$308.63M$307.89M$313.01M$297.34M$283.62M$288.79M$290.52M$185.76M$255.20M$265.20M$252.93M$168.88M$176.52M$231.87M$226.44M$153.52M$204.38M$205.57M$204.17M$147.03M$207.42M$199.82M$205.49M$133.73M$172.41M$171.79M
Surprise %------------1.09%-1.12%1.27%1.08%1.02%1.03%1.11%0.99%0.94%0.97%1.05%-0.97%1.01%1.24%1.01%0.95%

Grocery Outlet's average Quarter SG&A projection for Mar 24 is $232.21M, based on 7 Wall Street analysts, with a range of $185.76M to $278.65M. The forecast indicates a -17.05% fall compared to GO last annual SG&A of $279.95M (Dec 23).

Grocery Outlet EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts4474335910747874733334444444433
EPS------------$0.14-$0.25$0.14$0.16$0.18$0.21$0.12$0.26$0.18$0.21$0.20-$0.44$0.32$0.14$0.11$0.14
Avg Forecast$0.32$0.32$0.33$0.25$0.23$0.30$0.26$0.16$0.17$0.27$0.20$0.18$0.16$0.27$0.26$0.23$0.23$0.26$0.24$0.20$0.20$0.22$0.24$0.22$0.23$0.23$0.23$0.30$0.17$0.19
High Forecast$0.34$0.34$0.35$0.26$0.25$0.31$0.27$0.19$0.18$0.28$0.21$0.18$0.20$0.27$0.27$0.24$0.24$0.26$0.24$0.20$0.20$0.22$0.24$0.22$0.23$0.23$0.23$0.30$0.17$0.19
Low Forecast$0.31$0.31$0.32$0.24$0.23$0.29$0.26$0.09$0.15$0.27$0.20$0.18$0.14$0.27$0.25$0.23$0.22$0.26$0.24$0.20$0.20$0.22$0.24$0.22$0.23$0.23$0.23$0.30$0.17$0.19
Surprise %------------0.87%-0.96%0.60%0.69%0.70%0.87%0.61%1.30%0.81%0.88%0.89%-1.88%1.41%0.47%0.63%0.75%

According to 7 Wall Street analysts, Grocery Outlet's projected average Quarter EPS for Mar 24 is $0.18, with a low estimate of $0.18 and a high estimate of $0.18. This represents a 31.94% increase compared to GO previous annual EPS of $0.14 (Dec 23).

Grocery Outlet Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ASAISendas Distribuidora$4.66$9.1095.28%Buy
ACIAlbertsons Companies$19.63$22.5014.62%Hold
GOGrocery Outlet$15.76$17.7512.63%Hold
KRKroger$61.83$69.0011.60%Buy
SFMSprouts Farmers Market$131.43$109.67-16.56%Hold

GO Forecast FAQ


Is Grocery Outlet a good buy?

No, according to 14 Wall Street analysts, Grocery Outlet (GO) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 4 'Buy' recommendations, accounting for 28.57% of GO's total ratings.

What is GO's price target?

Grocery Outlet (GO) average price target is $17.75 with a range of $16 to $20, implying a 12.63% from its last price of $15.76. The data is based on 14 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Grocery Outlet stock go up soon?

According to Wall Street analysts' prediction for GO stock, the company can go up by 12.63% (from the last price of $15.76 to the average price target of $17.75), up by 26.90% based on the highest stock price target, and up by 1.52% based on the lowest stock price target.

Can Grocery Outlet stock reach $20?

GO's average twelve months analyst stock price target of $17.75 does not support the claim that Grocery Outlet can reach $20 in the near future.

What are Grocery Outlet's analysts' financial forecasts?

Grocery Outlet's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.75B (high $4.95B, low $4.66B), average EBITDA is $241.32M (high $251.15M, low $236.66M), average net income is $94.04M (high $101.19M, low $85.26M), average SG&A $1.25B (high $1.3B, low $1.23B), and average EPS is $0.951 (high $1.02, low $0.862). GO's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $5.28B (high $5.48B, low $5.17B), average EBITDA is $268.15M (high $278.11M, low $262.82M), average net income is $120.7M (high $126.52M, low $117.58M), average SG&A $1.39B (high $1.44B, low $1.36B), and average EPS is $1.22 (high $1.28, low $1.19).

Did the GO's actual financial results beat the analysts' financial forecasts?

Based on Grocery Outlet's last annual report (Dec 2023), the company's revenue was $3.97B, beating the average analysts forecast of $3.92B by 1.38%. Apple's EBITDA was $125.78M, missing the average prediction of $188.62M by -33.32%. The company's net income was $79.44M, missing the average estimation of $79.96M by -0.65%. Apple's SG&A was $1.12B, beating the average forecast of $992.08M by 12.48%. Lastly, the company's EPS was $0.79, missing the average prediction of $0.925 by -14.58%. In terms of the last quarterly report (Dec 2023), Grocery Outlet's revenue was $989.82M, beating the average analysts' forecast of $978.73M by 1.13%. The company's EBITDA was $18.93M, missing the average prediction of $49.71M by -61.92%. Grocery Outlet's net income was $14.11M, missing the average estimation of $15.99M by -11.76%. The company's SG&A was $279.95M, beating the average forecast of $257.68M by 8.64%. Lastly, the company's EPS was $0.14, missing the average prediction of $0.162 by -13.36%