Capital Fund Management S.A. Makes New $874,000 Investment in Grocery Outlet Holding Corp. $GO

Key Points

• Capital Fund Management S.A. acquired 62,489 shares of Grocery Outlet Holding Corp., valued at approximately $874,000, representing about 0.06% of the company's stock.
• Grocery Outlet reported a quarterly earnings per share of $0.23, surpassing estimates, with a year-over-year revenue increase of 4.5% despite missing revenue expectations.
• Several analysts upgraded Grocery Outlet's stock ratings and price targets recently, with Morgan Stanley raising its target from $13.00 to $16.00 and Craig Hallum moving to a "buy" rating with a $17.00 target.

Capital Fund Management S.A. acquired a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 62,489 shares of the company's stock, valued at approximately $874,000. Capital Fund Management S.A. owned 0.06% of Grocery Outlet as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Grocery Outlet by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 10,717,454 shares of the company's stock valued at $149,830,000 after buying an additional 582,822 shares during the period. FPR Partners LLC increased its holdings in Grocery Outlet by 15.2% during the 4th quarter. FPR Partners LLC now owns 5,991,474 shares of the company's stock valued at $93,527,000 after purchasing an additional 791,474 shares during the period. Dimensional Fund Advisors LP raised its position in Grocery Outlet by 0.9% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,833,955 shares of the company's stock valued at $59,845,000 after purchasing an additional 35,938 shares during the last quarter. Simcoe Capital Management LLC bought a new position in Grocery Outlet during the 4th quarter valued at approximately $53,185,000. Finally, Wellington Management Group LLP purchased a new stake in Grocery Outlet in the 1st quarter worth approximately $43,509,000. Institutional investors own 99.87% of the company's stock.

Grocery Outlet Stock Up 0.2%

GO traded up $0.03 during midday trading on Monday, reaching $18.11. The company's stock had a trading volume of 2,473,324 shares, compared to its average volume of 4,125,467. Grocery Outlet Holding Corp. has a 1 year low of $10.26 and a 1 year high of $21.67. The stock's 50-day moving average is $15.22 and its 200-day moving average is $14.38. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of 258.75, a PEG ratio of 3.96 and a beta of 0.32. The company has a current ratio of 1.21, a quick ratio of 0.25 and a debt-to-equity ratio of 0.38.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other news, EVP Steven K. Wilson sold 5,000 shares of the 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 sale, the executive vice president directly owned 141,923 shares of the company's stock, valued at approximately $2,588,675.52. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 4.50% of the company's stock.

Grocery Outlet Company 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.