Grocery Outlet (GO) Stock Forecast, Price Target & Predictions
GO Stock Forecast
Grocery Outlet stock forecast is as follows: an average price target of $21.59 (represents a 12.98% upside from GO’s last price of $19.11) 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 $21.59 based on 1-year price targets from 14 Wall Street analysts in the past 3 months, with a price target range of $33.00 to $16.00. This represents a potential 12.98% upside from GO's last price of $19.11.
GO Analyst Ratings
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
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Nov 06, 2024 | Jeremy Hamblin | Craig-Hallum | $17.00 | $14.73 | 15.37% | -11.04% |
| Nov 06, 2024 | Katy Hallberg | D.A. Davidson | $17.00 | $14.73 | 15.37% | -11.04% |
| Oct 31, 2024 | Anthony Chukumba | Loop Capital Markets | $16.00 | $13.90 | 15.11% | -16.27% |
| Oct 30, 2024 | Joseph Feldman | Telsey Advisory | $19.00 | $13.66 | 39.09% | -0.58% |
| Oct 30, 2024 | Robert Ohmes | Bank of America Securities | $17.00 | $13.70 | 24.13% | -11.04% |
| Oct 17, 2024 | Anthony Chukumba | Loop Capital Markets | $17.00 | $16.87 | 0.77% | -11.04% |
| Sep 23, 2024 | Karen Short | Melius Research | $17.00 | $16.07 | 5.75% | -11.04% |
| Sep 04, 2024 | Kate McShane | Goldman Sachs | $19.00 | $18.03 | 5.38% | -0.58% |
| Aug 07, 2024 | Joseph Feldman | Telsey Advisory | $27.00 | $20.42 | 32.22% | 41.29% |
| Aug 07, 2024 | William Kirk | Roth Capital | $20.00 | $20.06 | -0.30% | 4.66% |
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 -11.04% decrease from GO last price ($19.11).
Grocery Outlet Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 6 | 8 | 10 |
| Avg Price Target | $17.17 | $17.38 | $18.60 |
| Last Closing Price | $19.11 | $19.11 | $19.11 |
| Upside/Downside | -10.15% | -9.05% | -2.67% |
In the current month, the average price target of Grocery Outlet stock is $17.17, according to 6 Wall Street analysts offering twelve months forecast. The average price target represents a -10.15% decrease as opposed to Grocery Outlet's last price of $19.11. This month's average price target is down -1.21% compared to last quarter, and down -7.69% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Nov 06, 2024 | Craig-Hallum | Hold | Hold | Hold |
| Nov 06, 2024 | Cowen & Co. | Outperform | Hold | Downgrade |
| Oct 31, 2024 | Loop Capital Markets | Hold | Hold | Hold |
| Oct 30, 2024 | Telsey Advisory | Underperform | Market Perform | Downgrade |
| Oct 17, 2024 | Telsey Advisory | Underperform | Underperform | Hold |
| Oct 17, 2024 | UBS | Hold | Hold | Hold |
| Oct 17, 2024 | Bernstein | - | Outperform | Initialise |
| Oct 17, 2024 | Loop Capital Markets | - | Hold | Initialise |
| Sep 23, 2024 | Wells Fargo | Hold | Hold | Hold |
| Sep 04, 2024 | Goldman Sachs | Sell | Sell | Hold |
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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 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 | $1.36B | $1.37B | $1.41B | $1.30B | $1.23B | $1.23B | $1.25B | $1.21B | $1.10B | $1.10B | $1.10B | $1.02B | $996.23M | $1.01B | $1.01B | $977.87M | $938.13M | $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 | $1.18B | $1.17B | $1.19B | $1.13B | $1.08B | $1.10B | $1.10B | $1.02B | $969.33M | $1.01B | $963.27M | $932.70M | $894.79M | $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 |
| # Analysts | 4 | 4 | 7 | 4 | 3 | 3 | 5 | 9 | 10 | 7 | 4 | 7 | 8 | 7 | 4 | 7 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| 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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 7 | 4 | 3 | 3 | 5 | 9 | 10 | 7 | 4 | 7 | 8 | 7 | 4 | 7 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| 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 | $66.80M | $67.58M | $69.13M | $64.15M | $60.63M | $60.49M | $61.49M | $58.27M | $55.06M | $55.71M | $55.94M | $41.77M | $49.62M | $51.07M | $49.69M | $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 | $68.83M | $69.63M | $71.23M | $66.10M | $62.47M | $62.32M | $63.36M | $61.31M | $55.57M | $55.81M | $55.95M | $50.12M | $50.50M | $51.08M | $51.20M | $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 | $65.65M | $66.41M | $67.94M | $63.05M | $59.59M | $59.44M | $60.43M | $57.25M | $54.56M | $55.61M | $55.94M | $33.42M | $49.14M | $51.07M | $48.83M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 7 | 4 | 3 | 3 | 5 | 9 | 10 | 7 | 4 | 7 | 8 | 7 | 4 | 7 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| 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 | $23.23M | $29.53M | $25.94M | $15.56M | $17.17M | $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 | $32.91M | $32.91M | $33.94M | $25.71M | $24.15M | $30.69M | $26.96M | $20.00M | $29.57M | $27.23M | $20.30M | $15.12M | $19.98M | $26.95M | $26.72M | $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 | $30.95M | $30.95M | $31.91M | $24.18M | $22.71M | $28.86M | $25.36M | $8.89M | $14.31M | $26.49M | $19.96M | $10.08M | $13.99M | $26.66M | $25.13M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 7 | 4 | 3 | 3 | 5 | 9 | 10 | 7 | 4 | 7 | 8 | 7 | 4 | 7 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| 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 | $346.89M | $350.95M | $359.00M | $333.15M | $314.87M | $314.11M | $319.33M | $302.58M | $285.94M | $289.30M | $290.51M | $232.21M | $257.66M | $265.21M | $258.04M | $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 | $357.41M | $361.59M | $369.89M | $343.25M | $324.41M | $323.63M | $329.01M | $318.37M | $288.56M | $289.84M | $290.52M | $278.65M | $262.26M | $265.24M | $265.87M | $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 | $340.90M | $344.88M | $352.80M | $327.39M | $309.43M | $308.68M | $313.81M | $297.32M | $283.32M | $288.76M | $290.50M | $185.76M | $255.18M | $265.18M | $253.59M | $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 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 7 | 4 | 3 | 3 | 5 | 9 | 10 | 7 | 4 | 7 | 8 | 7 | 4 | 7 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 |
| 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 | $0.33 | $0.33 | $0.34 | $0.26 | $0.24 | $0.31 | $0.27 | $0.20 | $0.30 | $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 | $0.14 | $0.27 | $0.20 | $0.18 | $0.14 | $0.27 | $0.25 | $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 |
| 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).