Grocery Outlet (NASDAQ:GO) Trading 5.7% Higher - Here's Why

Market Beat
2026.05.19 17:01
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Grocery Outlet (NASDAQ:GO) shares rose 5.7% to $8.0260 amid trading, despite a significant drop in volume. Analysts have mixed views, with Weiss Ratings downgrading the stock and Telsey Advisory Group lowering its price target to $9.00. The company reported a quarterly EPS of $0.05, exceeding estimates, and set FY 2026 guidance at 0.450-0.550 EPS. Insider trading saw significant purchases, with CEO Jason Potter acquiring 286,097 shares. Institutional investors have also increased their stakes in the company.