Grocery Outlet price target lowered to $7 from $11 at DA Davidson

DA Davidson lowered the firm’s price target on Grocery Outlet (GO) to $7 from $11 and keeps a Neutral rating on the shares after its Q4 earnings miss and below-consensus guidance. Business trends began to weaken mid last year, and unfortunately, comps continued to worsen into year end and early 2026, the analyst tells investors in a research note. Grocery Outlet is taking decisive steps to stem the tide of lower earnings however, including significant store closures, short term stop gap initiatives to drive sales and potentially exiting newly acquired businesses, the firm added.