Boston Partners Decreases Stock Position in Grocery Outlet Holding Corp. $GO

Key Points

• Boston Partners reduced its holdings in Grocery Outlet by 23.4%, selling 327,101 shares in the first quarter, bringing their ownership to approximately 1.09% of the company.
• Grocery Outlet's recent earnings report showed $0.23 earnings per share, exceeding analyst estimates, although revenue of $1.18 billion was slightly below expectations.
• Institutional investors now own 99.87% of Grocery Outlet, with several firms including Simcoe Capital Management and Vanguard Group increasing their stakes recently.

Boston Partners lowered its position in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 23.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,068,137 shares of the company's stock after selling 327,101 shares during the period. Boston Partners owned 1.09% of Grocery Outlet worth $14,937,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sterling Capital Management LLC boosted its holdings in Grocery Outlet by 53.9% in the fourth quarter. Sterling Capital Management LLC now owns 5,808 shares of the company's stock worth $91,000 after acquiring an additional 2,034 shares in the last quarter. Invesco Ltd. boosted its holdings in Grocery Outlet by 11.1% in the fourth quarter. Invesco Ltd. now owns 834,373 shares of the company's stock worth $13,025,000 after acquiring an additional 83,043 shares in the last quarter. 111 Capital bought a new position in shares of Grocery Outlet in the fourth quarter valued at approximately $207,000. D.A. Davidson & CO. bought a new position in shares of Grocery Outlet in the first quarter valued at approximately $165,000. Finally, Hussman Strategic Advisors Inc. bought a new position in shares of Grocery Outlet in the first quarter valued at approximately $881,000. Institutional investors own 99.87% of the company's stock.

Grocery Outlet Stock Performance

Grocery Outlet stock traded down $0.4180 during mid-day trading on Thursday, reaching $18.0120. 580,223 shares of the company's stock were exchanged, compared to its average volume of 3,245,350. The business's fifty day simple moving average is $14.41 and its 200 day simple moving average is $14.35. The firm has a market capitalization of $1.77 billion, a PE ratio of 257.39, a P/E/G ratio of 4.06 and a beta of 0.27. Grocery Outlet Holding Corp. has a one year low of $10.26 and a one year high of $21.67. The company has a quick ratio of 0.25, a current ratio of 1.21 and a debt-to-equity ratio of 0.38.

Grocery Outlet (NASDAQ:GO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.06. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. Grocery Outlet had a return on equity of 6.34% and a net margin of 0.18%.Grocery Outlet's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share. Grocery Outlet has set its FY 2025 guidance at 0.750-0.800 EPS. On average, sell-side analysts expect that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current year.

Insider Transactions at Grocery Outlet

In other Grocery Outlet news, EVP Steven K. Wilson sold 5,000 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $18.24, for a total value of $91,200.00. Following the completion of the sale, the executive vice president directly owned 141,923 shares of the company's stock, valued at $2,588,675.52. This trade represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 4.50% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on GO. Craig Hallum upgraded Grocery Outlet from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a report on Wednesday, August 6th. Wells Fargo & Company raised their target price on Grocery Outlet from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Telsey Advisory Group restated a "market perform" rating and issued a $16.00 target price on shares of Grocery Outlet in a report on Wednesday, August 6th. Morgan Stanley upgraded Grocery Outlet from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $13.00 to $16.00 in a report on Wednesday, August 6th. Finally, UBS Group raised their target price on Grocery Outlet from $14.50 to $17.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $16.08.

Grocery Outlet Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.