Grocery Outlet Holding Corp. $GO Stake Boosted by Jump Financial LLC

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 lifted its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 262.0% during the first quarter, according to the company in its most recent Form 13F filing 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 period. Jump Financial LLC owned about 0.17% of Grocery Outlet worth $2,282,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. US Bancorp DE lifted its position in shares of Grocery Outlet by 64.2% during the first quarter. US Bancorp DE now owns 3,024 shares of the company's stock worth $42,000 after purchasing an additional 1,182 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of Grocery Outlet by 9.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 15,671 shares of the company's stock worth $245,000 after purchasing an additional 1,377 shares in the last quarter. Guggenheim Capital LLC lifted its position in shares of Grocery Outlet by 9.1% during the fourth quarter. Guggenheim Capital LLC now owns 16,955 shares of the company's stock worth $265,000 after purchasing an additional 1,408 shares in the last quarter. Red Spruce Capital LLC lifted its position 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 worth $1,859,000 after purchasing an additional 2,044 shares in the last quarter. Finally, GAMMA Investing LLC grew its position 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 buying an additional 3,644 shares in the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Steven K. Wilson sold 5,000 shares of the firm's stock in a transaction that occurred 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 in the company, valued at $2,588,675.52. This trade represents a 3.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on GO. UBS Group raised their price target on shares of Grocery Outlet from $14.50 to $17.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Telsey Advisory Group reissued a "market perform" rating and set a $16.00 price target on shares of Grocery Outlet in a research report on Wednesday, August 6th. Wells Fargo & Company raised their price target on shares of Grocery Outlet from $18.00 to $19.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 7th. Morgan Stanley raised shares of 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 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 target for the company 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 MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $16.08.

Grocery Outlet Stock Performance

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

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

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.