Eisler Capital Management Ltd. Has $1.14 Million Position in Grocery Outlet Holding Corp. $GO

Key Points

• Eisler Capital Management Ltd. has reduced its stake in Grocery Outlet Holding Corp. by 37.3%, now owning approximately 81,547 shares worth $1.14 million.
• Several institutional investors have increased their positions in Grocery Outlet, with GAMMA Investing LLC raising its stake by 236.0% in the first quarter.
• Grocery Outlet recently reported earnings of $0.23 EPS for the quarter, exceeding estimates and indicating a 4.5% year-over-year revenue growth.

Eisler Capital Management Ltd. reduced its stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 37.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 81,547 shares of the company's stock after selling 48,496 shares during the quarter. Eisler Capital Management Ltd. owned about 0.08% of Grocery Outlet worth $1,141,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of GO. Raymond James Financial Inc. bought a new stake in shares of Grocery Outlet during the fourth quarter valued at about $1,079,000. Dimensional Fund Advisors LP raised its stake in shares of Grocery Outlet by 0.9% during the fourth 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 in the last quarter. Tower Research Capital LLC TRC raised its position in Grocery Outlet by 210.8% in the fourth quarter. Tower Research Capital LLC TRC now owns 29,712 shares of the company's stock worth $464,000 after acquiring an additional 20,153 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Grocery Outlet by 6.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 60,454 shares of the company's stock worth $944,000 after acquiring an additional 3,745 shares in the last quarter. Finally, Integrated Wealth Concepts LLC raised its position in Grocery Outlet by 9.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 15,671 shares of the company's stock worth $245,000 after acquiring an additional 1,377 shares in the last quarter. 99.87% of the stock is currently owned by institutional investors.

Grocery Outlet Stock Performance

Shares of GO stock traded up $0.03 during trading hours on Monday, reaching $18.11. 2,473,324 shares of the company's stock were exchanged, compared to its average volume of 4,125,467. Grocery Outlet Holding Corp. has a fifty-two week low of $10.26 and a fifty-two week high of $21.67. The stock has a market capitalization of $1.78 billion, a P/E ratio of 258.75, a P/E/G ratio of 3.96 and a beta of 0.32. The business has a fifty day moving average price of $15.14 and a 200-day moving average price of $14.37. 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 company had revenue of $1.18 billion during 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%.The company's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.25 earnings per share. Grocery Outlet has set its FY 2025 guidance at 0.750-0.800 EPS. Analysts predict that Grocery Outlet Holding Corp. will post 0.63 EPS for the current fiscal year.

Insider Activity at Grocery Outlet

In related news, EVP Steven K. Wilson sold 20,000 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $19.20, for a total value of $384,000.00. Following the completion of the transaction, the executive vice president directly owned 146,923 shares in the company, valued at approximately $2,820,921.60. This represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

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