BlackRock Inc. Buys Shares of 15,274,566 Grocery Outlet Holding Corp. $GO

BlackRock Inc. purchased a new position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 15,274,566 shares of the company's stock, valued at approximately $152,440,000. BlackRock Inc. owned approximately 15.44% of Grocery Outlet as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Grocery Outlet by 5.8% during the 1st quarter. Royal Bank of Canada now owns 122,565 shares of the company's stock worth $1,713,000 after buying an additional 6,736 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in Grocery Outlet by 14.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 357,856 shares of the company's stock worth $5,003,000 after purchasing an additional 44,214 shares during the period. Creative Planning raised its stake in Grocery Outlet by 25.4% in the 2nd quarter. Creative Planning now owns 16,104 shares of the company's stock valued at $200,000 after acquiring an additional 3,263 shares during the period. JPMorgan Chase & Co. lifted its holdings in Grocery Outlet by 13.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 220,432 shares of the company's stock valued at $2,738,000 after purchasing an additional 26,725 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in Grocery Outlet during the second quarter worth $149,000. 99.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on GO. Weiss Ratings upgraded shares of Grocery Outlet from a "sell (d-)" rating to a "sell (d)" rating in a research report on Thursday, August 13th. Morgan Stanley upped their price objective on Grocery Outlet from $7.00 to $11.00 and gave the company an "equal weight" rating in a report on Thursday, August 13th. TD Cowen reiterated a "hold" rating on shares of Grocery Outlet in a research report on Tuesday, August 18th. Telsey Advisory Group reissued a "market perform" rating on shares of Grocery Outlet in a report on Thursday, August 13th. Finally, Wells Fargo & Company boosted their target price on shares of Grocery Outlet from $9.00 to $11.00 and gave the company an "equal weight" rating in a research report on Thursday, August 13th. Twelve equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $10.59.

Grocery Outlet Stock Up 4.0%

GO stock opened at $12.17 on Friday. The company has a market cap of $1.21 billion, a PE ratio of -3.14, a price-to-earnings-growth ratio of 8.13 and a beta of 0.65. The business has a 50-day simple moving average of $10.15 and a 200 day simple moving average of $8.79. Grocery Outlet Holding Corp. has a 52 week low of $5.66 and a 52 week high of $18.79. The company has a quick ratio of 0.30, a current ratio of 1.29 and a debt-to-equity ratio of 0.60.

Grocery Outlet (NASDAQ:GO - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.07. Grocery Outlet had a negative net margin of 8.04% and a positive return on equity of 5.84%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the prior year, the company posted $0.23 earnings per share. The business's revenue for the quarter was up 1.1% on a year-over-year basis. Sell-side analysts anticipate that Grocery Outlet Holding Corp. will post 0.42 EPS for the current fiscal year.

Key Headlines Impacting Grocery Outlet

Here are the key news stories impacting Grocery Outlet this week:

• Positive Sentiment: Higher full-year and long-term EPS forecasts: Zacks Research raised its FY2026 EPS estimate to $0.41 from $0.37 and its FY2028 estimate to $0.56 from $0.50. Estimates for Q1 2027 and Q1 2028 were also increased, suggesting analysts see potential for earnings improvement beyond the immediate outlook. Zacks Research estimate changes
• Positive Sentiment: Recent earnings beat supports sentiment: Grocery Outlet’s latest quarterly results exceeded consensus estimates for both earnings and revenue, with EPS of $0.20 versus expectations of $0.13 and revenue of $1.19 billion versus $1.17 billion. However, revenue growth was modest at 1.1% year over year. Grocery Outlet earnings report
• Neutral Sentiment: Options activity is drawing attention: Recent movements in the options market have prompted investors to watch GO for a potential increase in volatility or a sharp move. Options positioning can signal heightened expectations, but it does not establish the direction of the stock’s next move. Is the Options Market Predicting a Spike in Grocery Outlet Holding Stock?
• Negative Sentiment: Near-term earnings estimates were reduced: Zacks cut its Q3 2026 EPS forecast to $0.11 from $0.16 and its Q3 2027 estimate to $0.16 from $0.18. These reductions indicate continued uncertainty about Grocery Outlet’s near-term profitability.
• Negative Sentiment: Retail-sector caution remains a risk: Recent market commentary notes that retailers are facing consumer price anxiety and pressure on discretionary spending. Grocery Outlet’s negative net margin and low quick ratio add to the importance of sustained operational improvement.

Insider Buying and Selling at Grocery Outlet

In other news, insider Paul Blaine Miller purchased 8,000 shares of Grocery Outlet stock in a transaction that occurred on Thursday, August 20th. The shares were acquired at an average price of $10.90 per share, for a total transaction of $87,200.00. Following the transaction, the insider owned 72,171 shares of the company's stock, valued at approximately $786,663.90. The trade was a 12.47% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Over the last ninety days, insiders have purchased 23,000 shares of company stock worth $228,400. Corporate insiders own 5.60% of the company's stock.

About Grocery Outlet

Grocery Outlet Holding Corp. NASDAQ: GO is a specialty discount retailer that offers consumers deeply discounted groceries by purchasing excess inventory, closeouts, and overstocks from manufacturers and distributors. Headquartered in Emeryville, California, the company operates two primary banners—Grocery Outlet and Fresh2Go—with a combined footprint of more than 400 stores. Its product assortment spans fresh produce, meat, dairy, bakery items, household staples, natural and organic offerings, and select specialty products, all sold at significant markdowns compared to conventional supermarkets.

The company's unique buying model enables it to source inventory through opportunistic purchases of surplus freight, discontinued items, and closeout deals, which it then passes on as savings to its customers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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