Inspire Investing LLC Purchases Shares of 24,652 Grocery Outlet Holding Corp. $GO

Key Points

• Inspire Investing LLC acquired a new stake in Grocery Outlet Holding Corp., purchasing 24,652 shares valued at approximately $345,000.
• Institutional investors own 99.87% of Grocery Outlet, with significant increases in positions by firms like Deutsche Bank AG and Two Sigma Investments LP.
• Grocery Outlet's recent earnings report showed an EPS of $0.23, surpassing estimates, and the company has set FY 2025 guidance at 0.750-0.800 EPS.

Inspire Investing LLC purchased a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 24,652 shares of the company's stock, valued at approximately $345,000.

A number of other institutional investors have also bought and sold shares of the company. Deutsche Bank AG boosted its position in shares of Grocery Outlet by 834.3% during the 4th quarter. Deutsche Bank AG now owns 103,122 shares of the company's stock valued at $1,610,000 after purchasing an additional 92,085 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in shares of Grocery Outlet by 20.5% during the 4th quarter. Nuveen Asset Management LLC now owns 522,961 shares of the company's stock worth $8,163,000 after buying an additional 88,805 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of Grocery Outlet during the 4th quarter worth approximately $879,000. Two Sigma Investments LP boosted its holdings in shares of Grocery Outlet by 188.3% during the 4th quarter. Two Sigma Investments LP now owns 396,445 shares of the company's stock worth $6,189,000 after buying an additional 258,913 shares in the last quarter. Finally, Two Sigma Advisers LP bought a new position in shares of Grocery Outlet during the 4th quarter worth approximately $1,033,000. Institutional investors own 99.87% of the company's stock.

Grocery Outlet Stock Performance

Shares of GO stock opened at $16.71 on Tuesday. The firm has a 50-day moving average of $16.21 and a 200-day moving average of $14.61. The company has a market cap of $1.64 billion, a P/E ratio of 238.75, a P/E/G ratio of 3.80 and a beta of 0.32. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.21 and a quick ratio of 0.25. Grocery Outlet Holding Corp. has a one year low of $10.26 and a one year high of $21.67.

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

Wall Street Analyst Weigh In

GO has been the topic of several research analyst reports. Telsey Advisory Group reissued a "market perform" rating and set a $16.00 target price on shares of Grocery Outlet in a research note on Wednesday, August 6th. Morgan Stanley raised shares of Grocery Outlet from an "underweight" rating to an "equal weight" rating and increased their price objective for the stock from $13.00 to $16.00 in a research report on Wednesday, August 6th. Finally, Craig Hallum raised shares of Grocery Outlet from a "hold" rating to a "buy" rating and set a $17.00 price objective on the stock in a research report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, Grocery Outlet currently has an average rating of "Hold" and an average price target of $16.08.

Insider Activity at Grocery Outlet

In related news, EVP Steven K. Wilson sold 5,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $18.24, for a total transaction of $91,200.00. Following the completion of the transaction, the executive vice president owned 141,923 shares in the company, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. 4.50% of the stock is currently owned by corporate insiders.

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.

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