Jump Financial LLC Has $2.28 Million Position in Grocery Outlet Holding Corp. $GO

Key Points

• Jump Financial LLC increased its stake in Grocery Outlet Holding Corp. by 262.0%, holding 163,200 shares valued at approximately $2.28 million as of its latest SEC filing.
• Several institutional investors have strengthened their positions in Grocery Outlet, with 99.87% of the stock now owned by institutional investors.
• Analysts have raised their price targets for Grocery Outlet, with the consensus rating currently at "Hold" and an average price target of $16.08.

Jump Financial LLC grew its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 262.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 163,200 shares of the company's stock after purchasing an additional 118,113 shares during the quarter. Jump Financial LLC owned approximately 0.17% of Grocery Outlet worth $2,282,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE raised its holdings in Grocery Outlet by 64.2% in the 1st quarter. US Bancorp DE now owns 3,024 shares of the company's stock valued at $42,000 after buying an additional 1,182 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in Grocery Outlet by 9.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 15,671 shares of the company's stock valued at $245,000 after acquiring an additional 1,377 shares during the period. Guggenheim Capital LLC increased its position in Grocery Outlet by 9.1% in the 4th quarter. Guggenheim Capital LLC now owns 16,955 shares of the company's stock valued at $265,000 after acquiring an additional 1,408 shares during the period. Red Spruce Capital LLC raised its stake in shares of Grocery Outlet by 1.6% during the first quarter. Red Spruce Capital LLC now owns 132,968 shares of the company's stock valued at $1,859,000 after acquiring an additional 2,044 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Grocery Outlet by 236.0% during the first quarter. GAMMA Investing LLC now owns 5,188 shares of the company's stock worth $73,000 after purchasing an additional 3,644 shares during the period. 99.87% of the stock is currently owned by institutional investors.

Insider Transactions at Grocery Outlet

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

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. 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 note on Wednesday, August 6th. UBS Group upped their price target on Grocery Outlet from $14.50 to $17.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Morgan Stanley raised Grocery Outlet from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $13.00 to $16.00 in a research note on Wednesday, August 6th. Wells Fargo & Company raised their price objective on Grocery Outlet from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Finally, Telsey Advisory Group reiterated a "market perform" rating and issued a $16.00 target price on shares of Grocery Outlet in a report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Grocery Outlet currently has a consensus rating of "Hold" and an average price target of $16.08.

Grocery Outlet Trading Up 0.2%

NASDAQ GO opened at $18.63 on Wednesday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 266.18, a P/E/G ratio of 4.06 and a beta of 0.27. The business has a 50 day simple moving average of $14.83 and a 200 day simple moving average of $14.37. 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 issued its quarterly 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 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%.The company's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 earnings per share. Grocery Outlet has set its FY 2025 guidance at 0.750-0.800 EPS. Research analysts expect that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current year.

About Grocery Outlet

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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