Grocery Outlet Holding shares are trading higher after the company reported better-than-expected Q2 financial results and raised its FY26 adjusted EPS guidance.

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UBS Maintains Neutral on Grocery Outlet Holding, Raises Price Target to $11.5

UBS analyst Mark Carden maintains Grocery Outlet Holding (NASDAQ:GO) with a Neutral and raises the price target from $10 to $11.5.

Why Grocery Outlet Stock Gained Today

Grocery Outlet shares rose 6.20% after the discount retailer raised its full-year sales and profit forecast. The company reported Q2 net sales of $1.2 billion (up 1.1%) and adjusted earnings per share of $0.20, beating Wall Street estimates of $0.12. Management raised its full-year net sales guidance to $4.7 billion and improved comparable-store sales projections. The company is executing its optimization plan by closing underperforming stores while opening new locations.

DA Davidson Maintains Neutral on Grocery Outlet Holding, Raises Price Target to $12

DA Davidson analyst Michael Baker maintains Grocery Outlet Holding (NASDAQ:GO) with a Neutral and raises the price target from $9 to $12.