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Telsey Advisory Group Maintains Market Perform on Grocery Outlet Holding, Raises Price Target to $12

BenzingaAug 13, 2026, 8:47 PMBenzinga Newsdesk

Telsey Advisory Group analyst Joseph Feldman maintains Grocery Outlet Holding (NASDAQ:GO) with a Market Perform and raises the price target from $9 to $12.

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benzinga
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Aug 13, 2026, 8:47 PM
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Aug 13, 2026, 8:47 PM
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  1. The Motley FoolAug 13, 2026, 10:31 PMJoe Tenebruso

    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.

    Read original at the-motley-fool