First Trust Advisors LP Buys 226,957 Shares of Grocery Outlet Holding Corp. $GO

Key Points

• First Trust Advisors LP increased its Grocery Outlet stake by 267.5% in the first quarter, purchasing 226,957 additional shares and bringing its holdings to 311,812 shares valued at approximately $2.2 million.
• Grocery Outlet reported quarterly revenue of $1.17 billion and EPS of $0.05, exceeding analyst estimates, while revenue rose 3.6% year over year. The company provided fiscal 2026 EPS guidance of $0.45 to $0.55.
• GO shares recently traded at $9.91, up 2.3%, but analyst sentiment remains cautious: the stock has a consensus “Reduce” rating and an average price target of $9.65.

First Trust Advisors LP boosted its stake in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 267.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 311,812 shares of the company's stock after purchasing an additional 226,957 shares during the quarter. First Trust Advisors LP owned about 0.32% of Grocery Outlet worth $2,198,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in GO. Royal Bank of Canada lifted its position in shares of 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Grocery Outlet by 14.1% in 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 last quarter. Creative Planning increased its stake in shares of Grocery Outlet by 25.4% in the second quarter. Creative Planning now owns 16,104 shares of the company's stock valued at $200,000 after buying an additional 3,263 shares during the period. JPMorgan Chase & Co. increased its position 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 period. Finally, Franklin Resources Inc. bought a new position in Grocery Outlet during the second quarter worth $149,000. 99.87% of the stock is currently owned by institutional investors.

Grocery Outlet Trading Up 2.3%

Shares of Grocery Outlet stock opened at $9.91 on Friday. The company's 50-day moving average price is $9.49 and its 200-day moving average price is $8.63. The company has a current ratio of 1.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. Grocery Outlet Holding Corp. has a 12-month low of $5.66 and a 12-month high of $19.41. The company has a market cap of $980.30 million, a price-to-earnings ratio of -2.55, a PEG ratio of 15.29 and a beta of 0.65.

Grocery Outlet (NASDAQ:GO - Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.02 by $0.03. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Grocery Outlet had a positive return on equity of 5.69% and a negative net margin of 8.08%.The company's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, equities analysts expect that Grocery Outlet Holding Corp. will post 0.37 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Grocery Outlet news, insider Paul Blaine Miller purchased 10,000 shares of the firm's stock in a transaction on Thursday, June 18th. The shares were purchased at an average cost of $9.37 per share, with a total value of $93,700.00. Following the completion of the purchase, the insider owned 59,171 shares of the company's stock, valued at $554,432.27. The trade was a 20.34% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 5.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Weiss Ratings lowered shares of Grocery Outlet from a "sell (d)" rating to a "sell (d-)" rating in a research note on Thursday, July 30th. Wells Fargo & Company raised their target price on Grocery Outlet from $7.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, May 14th. TD Cowen upped their price objective on shares of Grocery Outlet from $6.00 to $8.00 and gave the stock a "hold" rating in a research report on Thursday, May 14th. Finally, DA Davidson raised their target price on Grocery Outlet from $7.00 to $9.00 and gave the company a "neutral" rating in a research report on Thursday, May 14th. Eleven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average target price of $9.65.

Grocery Outlet Profile

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.

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