Grocery Outlet (GO) Stock Forecast, Price Target & Predictions
GO Stock Forecast
Grocery Outlet stock forecast is as follows: an average price target of $28.07 (represents a 66.79% upside from GO’s last price of $16.83) and a rating consensus of 'Buy', based on 12 wall street analysts offering a 1-year stock forecast.
GO Price Target
The average price target for Grocery Outlet (GO) is $28.07 based on 1-year price targets from 12 Wall Street analysts in the past 3 months, with a price target range of $35.00 to $19.00. This represents a potential 66.79% upside from GO's last price of $16.83.
GO Analyst Ratings
According to 12 Wall Street analysts, Grocery Outlet's rating consensus is 'Buy'. The analyst rating breakdown for GO stock is 0 'Strong Buy' (0.00%), 6 'Buy' (50.00%), 5 'Hold' (41.67%), 1 'Sell' (8.33%), 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 |
|---|---|---|---|---|---|---|
| Sep 04, 2024 | Kate McShane | Goldman Sachs | $19.00 | $18.03 | 5.38% | 12.89% |
| Aug 07, 2024 | Joseph Feldman | Telsey Advisory | $27.00 | $20.42 | 32.22% | 60.43% |
| Aug 07, 2024 | William Kirk | Roth Capital | $20.00 | $20.06 | -0.30% | 18.84% |
| Aug 02, 2023 | Joseph Feldman | Telsey Advisory | $40.00 | $33.46 | 19.55% | 137.67% |
| Aug 23, 2022 | Simeon Gutman | Morgan Stanley | $33.00 | $41.74 | -20.94% | 96.08% |
| May 11, 2022 | Scott Mushkin | R5 Capital | $30.46 | $35.65 | -14.56% | 80.99% |
| Aug 11, 2021 | Kate McShane | Goldman Sachs | $36.00 | $27.67 | 30.10% | 113.90% |
| Aug 11, 2021 | Jeremy Hamblin | Craig-Hallum | $35.00 | $27.67 | 26.49% | 107.96% |
| Jun 04, 2021 | Randal Konik | Jefferies | $32.00 | $33.55 | -4.62% | 90.14% |
The latest Grocery Outlet stock forecast, released on Sep 04, 2024 by Kate McShane from Goldman Sachs, set a price target of $19.00, which represents a 5.38% increase from the stock price at the time of the forecast ($18.03), and a 12.89% increase from GO last price ($16.83).
Grocery Outlet Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 3 | 3 |
| Avg Price Target | $19.00 | $22.00 | $22.00 |
| Last Closing Price | $16.83 | $16.83 | $16.83 |
| Upside/Downside | 12.89% | 30.72% | 30.72% |
In the current month, the average price target of Grocery Outlet stock is $19.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.89% increase as opposed to Grocery Outlet's last price of $16.83. This month's average price target is down -13.64% compared to last quarter, and down -13.64% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 04, 2024 | Goldman Sachs | Sell | Sell | Hold |
| Aug 07, 2024 | UBS | Neutral | Neutral | Hold |
| Aug 07, 2024 | Leerink Partners | - | Market Perform | Downgrade |
| Aug 07, 2024 | Telsey Advisory | Outperform | Outperform | Hold |
| Aug 07, 2024 | Chardan Capital | Buy | Buy | Hold |
| Jul 31, 2024 | Wells Fargo | Buy | Buy | Hold |
| Jul 31, 2024 | UBS | Underperform | Underperform | Hold |
| Jul 31, 2024 | Craig-Hallum | Buy | Hold | Downgrade |
| Feb 28, 2024 | Craig-Hallum | Reduce | Buy | Upgrade |
| Sep 15, 2023 | Telsey Advisory | Outperform | Outperform | Hold |
Grocery Outlet's last stock rating was published by Goldman Sachs on Sep 04, 2024. The company gave GO a "Sell" rating, the same as its previous rate.
Grocery Outlet Financial Forecast
Grocery Outlet Revenue Forecast
| 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 | Jun 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 | $645.29M |
| Avg Forecast | $1.20B | $1.18B | $1.22B | $1.15B | $1.10B | $1.09B | $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 | $626.61M |
| High Forecast | $1.24B | $1.21B | $1.25B | $1.18B | $1.13B | $1.11B | $1.13B | $1.05B | $996.23M | $1.03B | $1.01B | $973.90M | $934.32M | $903.79M | $860.15M | $824.26M | $789.67M | $794.28M | $788.88M | $770.64M | $801.42M | $772.07M | $793.96M | $772.71M | $666.15M | $663.77M | $637.36M |
| Low Forecast | $1.18B | $1.16B | $1.19B | $1.13B | $1.07B | $1.06B | $1.08B | $999.21M | $969.33M | $984.68M | $958.07M | $927.66M | $889.96M | $860.88M | $860.15M | $795.95M | $762.55M | $767.00M | $761.79M | $744.17M | $773.90M | $745.55M | $766.69M | $746.17M | $643.27M | $640.98M | $615.47M |
| # Analysts | 3 | 3 | 6 | 3 | 4 | 9 | 6 | 4 | 8 | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 |
| 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% | 1.03% |
Grocery Outlet's average Quarter revenue forecast for Mar 24 based on 4 analysts is $1.02B, with a low forecast of $999.21M, and a high forecast of $1.05B. 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 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 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 3 | 4 | 9 | 6 | 4 | 8 | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 |
| 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 | $13.49M |
| Avg Forecast | $61.08M | $59.91M | $61.97M | $58.38M | $55.70M | $55.39M | $55.94M | $41.77M | $49.62M | $51.07M | $49.69M | $37.97M | $46.16M | $44.01M | $43.61M | $34.52M | $34.51M | $40.01M | $46.97M | $37.94M | $41.52M | $43.45M | $44.55M | $14.09M | $33.20M | $19.01M | $6.85M |
| High Forecast | $62.68M | $61.47M | $63.59M | $59.91M | $57.15M | $56.41M | $57.41M | $50.12M | $50.50M | $52.41M | $50.99M | $45.57M | $47.37M | $52.82M | $43.61M | $41.43M | $41.41M | $48.02M | $56.37M | $45.52M | $49.82M | $52.14M | $53.46M | $16.91M | $33.77M | $22.81M | $8.22M |
| Low Forecast | $59.70M | $58.55M | $60.57M | $57.07M | $54.44M | $53.87M | $54.68M | $33.42M | $49.14M | $49.92M | $48.57M | $30.38M | $45.12M | $35.21M | $43.61M | $27.62M | $27.61M | $32.01M | $37.58M | $30.35M | $33.21M | $34.76M | $35.64M | $11.27M | $32.61M | $15.21M | $5.48M |
| Surprise % | - | - | - | - | - | - | - | - | 0.38% | - | 1.16% | 1.41% | 0.94% | 1.02% | 1.05% | 1.11% | 1.26% | 1.10% | 0.96% | 1.05% | - | 1.03% | 1.03% | 2.15% | 0.83% | 1.96% | 1.97% |
4 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 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 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 3 | 4 | 9 | 6 | 4 | 8 | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 |
| 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 | $-10.63M |
| Avg Forecast | $33.00M | $29.24M | $30.54M | $19.49M | $29.82M | $27.41M | $20.42M | $12.60M | $16.22M | $27.19M | $26.08M | $11.46M | $23.18M | $17.14M | $23.92M | $10.42M | $6.64M | $15.58M | $20.49M | $18.03M | $23.21M | $39.16M | $28.38M | $9.59M | $17.67M | $10.48M | $-5.40M |
| High Forecast | $34.12M | $30.23M | $31.58M | $20.15M | $30.84M | $30.46M | $21.11M | $15.12M | $20.27M | $28.12M | $26.97M | $13.75M | $23.96M | $20.57M | $23.92M | $12.50M | $7.97M | $18.70M | $24.59M | $21.64M | $27.85M | $46.99M | $34.05M | $11.51M | $18.07M | $12.58M | $-4.32M |
| Low Forecast | $32.03M | $28.38M | $29.64M | $18.91M | $28.95M | $25.38M | $19.82M | $10.08M | $14.19M | $26.39M | $25.32M | $9.17M | $22.50M | $13.71M | $23.92M | $8.33M | $5.31M | $12.46M | $16.40M | $14.43M | $18.57M | $31.33M | $22.70M | $7.67M | $17.26M | $8.38M | $-6.48M |
| Surprise % | - | - | - | - | - | - | - | - | 0.87% | - | 0.94% | 1.20% | 0.69% | 1.02% | 0.84% | 1.11% | 3.65% | 1.10% | 0.96% | 1.05% | - | 1.03% | 1.03% | 1.32% | 0.56% | 1.19% | 1.97% |
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 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 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 3 | 4 | 9 | 6 | 4 | 8 | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 |
| 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 | $180.39M |
| Avg Forecast | $317.18M | $311.09M | $321.80M | $303.18M | $289.23M | $287.64M | $290.51M | $232.21M | $257.66M | $265.21M | $258.04M | $211.10M | $239.70M | $193.47M | $226.44M | $191.91M | $200.59M | $175.89M | $205.74M | $183.79M | $192.62M | $187.43M | $201.40M | $167.16M | $172.41M | $149.57M | $97.98M |
| High Forecast | $325.47M | $319.22M | $330.21M | $311.11M | $296.79M | $292.91M | $298.10M | $278.65M | $262.26M | $272.14M | $264.79M | $253.31M | $245.97M | $232.17M | $226.44M | $230.29M | $240.71M | $211.06M | $246.88M | $220.54M | $231.14M | $224.92M | $241.68M | $200.60M | $175.37M | $179.48M | $117.57M |
| Low Forecast | $310.02M | $304.06M | $314.53M | $296.34M | $282.70M | $279.72M | $283.95M | $185.76M | $255.18M | $259.22M | $252.22M | $168.88M | $234.29M | $154.78M | $226.44M | $153.52M | $160.47M | $140.71M | $164.59M | $147.03M | $154.09M | $149.95M | $161.12M | $133.73M | $169.34M | $119.65M | $78.38M |
| Surprise % | - | - | - | - | - | - | - | - | 1.09% | - | 1.12% | 1.27% | 0.99% | 1.22% | 1.03% | 1.11% | 1.00% | 1.10% | 0.96% | 1.05% | - | 1.03% | 1.03% | 1.24% | 1.01% | 1.10% | 1.84% |
Grocery Outlet's average Quarter SG&A projection for Mar 24 is $232.21M, based on 4 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 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 | Jun 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 3 | 3 | 6 | 3 | 4 | 9 | 6 | 4 | 8 | 4 | 4 | 4 | 3 | 3 | 4 | 3 | 5 | 4 | 5 | 4 | 5 | 4 | 5 | 4 | 4 | 3 | 4 |
| 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 | $-0.15 |
| Avg Forecast | $0.33 | $0.29 | $0.30 | $0.19 | $0.30 | $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 | $0.13 |
| High Forecast | $0.34 | $0.30 | $0.31 | $0.20 | $0.31 | $0.30 | $0.21 | $0.19 | $0.20 | $0.28 | $0.27 | $0.24 | $0.24 | $0.27 | $0.24 | $0.20 | $0.20 | $0.23 | $0.24 | $0.23 | $0.24 | $0.24 | $0.23 | $0.30 | $0.18 | $0.19 | $0.14 |
| Low Forecast | $0.32 | $0.28 | $0.30 | $0.19 | $0.29 | $0.25 | $0.20 | $0.18 | $0.14 | $0.26 | $0.25 | $0.23 | $0.22 | $0.25 | $0.24 | $0.19 | $0.19 | $0.22 | $0.23 | $0.22 | $0.22 | $0.23 | $0.22 | $0.29 | $0.17 | $0.18 | $0.13 |
| 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% | -1.12% |
According to 4 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 $0.19. This represents a 31.94% increase compared to GO previous annual EPS of $0.14 (Dec 23).
Grocery Outlet Peer Comparison by Price Target
GO Forecast FAQ
Is Grocery Outlet a good buy?
Yes, according to 12 Wall Street analysts, Grocery Outlet (GO) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 50.00% of GO's total ratings.
What is GO's price target?
Grocery Outlet (GO) average price target is $28.07 with a range of $19 to $35, implying a 66.79% from its last price of $16.83. The data is based on 12 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 66.79% (from the last price of $16.83 to the average price target of $28.07), up by 107.96% based on the highest stock price target, and up by 12.89% based on the lowest stock price target.
Can Grocery Outlet stock reach $30?
GO's highest twelve months analyst stock price target of $35 supports the claim that Grocery Outlet can reach $30 in the near future.
What is Grocery Outlet's current price target trend?
1 Wall Street analyst forecast a $19 price target for Grocery Outlet (GO) this month, up 12.89% from its last price of $16.83. Compared to the last 3 and 12 months, the average price target increased by 30.72% and increased by 30.72%, respectively.
What are Grocery Outlet's analysts' financial forecasts?
Grocery Outlet's analysts financial forecasts for the fiscal year (Dec 2024) are as follows: average revenue is $4.32B (high $4.42B, low $4.21B), average EBITDA is $208.8M (high $221.09M, low $196.4M), average net income is $90.26M (high $97.53M, low $84.23M), average SG&A $1.1B (high $1.17B, low $1.03B), and average EPS is $0.958 (high $1.01, low $0.918). GO's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $4.76B (high $4.89B, low $4.65B), average EBITDA is $241.34M (high $247.65M, low $235.89M), average net income is $112.27M (high $116.08M, low $108.97M), average SG&A $1.25B (high $1.29B, low $1.22B), and average EPS is $1.12 (high $1.16, low $1.09).
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 $188.35M by -33.22%. The company's net income was $79.44M, missing the average estimation of $80.95M by -1.87%. Apple's SG&A was $1.12B, beating the average forecast of $992.01M by 12.49%. 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 $49.62M by -61.86%. Grocery Outlet's net income was $14.11M, missing the average estimation of $16.22M by -13.03%. The company's SG&A was $279.95M, beating the average forecast of $257.66M by 8.65%. Lastly, the company's EPS was $0.14, missing the average prediction of $0.162 by -13.36%