Quantbot Technologies LP Makes New $1.34 Million Investment in Grocery Outlet Holding Corp. $GO

Key Points

• Quantbot Technologies LP has acquired a new stake in Grocery Outlet Holding Corp., purchasing 95,981 shares valued at approximately $1.34 million, representing 0.10% of the company.
• Grocery Outlet reported a quarterly earnings per share (EPS) of $0.23, exceeding analysts' expectations, although it had a slight decline in revenue year-over-year.
• The company's stock has received a mix of ratings from analysts, with a consensus price target of $16.08 and a majority of ratings labeled as "Hold."

Quantbot Technologies LP acquired a new position in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 95,981 shares of the company's stock, valued at approximately $1,342,000. Quantbot Technologies LP owned approximately 0.10% of Grocery Outlet at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. US Bancorp DE grew its position in Grocery Outlet by 64.2% during the 1st 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. GAMMA Investing LLC lifted its stake in shares of Grocery Outlet by 236.0% in 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 during the last quarter. Canada Pension Plan Investment Board grew its position in Grocery Outlet by 81.1% in the 4th quarter. Canada Pension Plan Investment Board now owns 6,700 shares of the company's stock worth $105,000 after purchasing an additional 3,000 shares during the last quarter. Blair William & Co. IL bought a new stake in Grocery Outlet in the 1st quarter valued at $140,000. Finally, HighTower Advisors LLC bought a new position in shares of Grocery Outlet during the 1st quarter worth approximately $153,000. Institutional investors and hedge funds own 99.87% of the company's stock.

Insider Transactions at Grocery Outlet

In other news, EVP Steven K. Wilson sold 20,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $19.20, for a total transaction of $384,000.00. Following the completion of the sale, the executive vice president owned 146,923 shares of the company's stock, valued at $2,820,921.60. This trade represents a 11.98% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 4.50% of the company's stock.

Wall Street Analyst Weigh In

GO has been the topic of several research analyst reports. UBS Group increased their price target on shares of Grocery Outlet from $14.50 to $17.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Telsey Advisory Group reiterated a "market perform" rating and issued a $16.00 price target on shares of Grocery Outlet in a report on Wednesday, August 6th. Morgan Stanley raised Grocery Outlet from an "underweight" rating to an "equal weight" rating and boosted their price objective for the stock from $13.00 to $16.00 in a 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 target price on the stock in a research report on Wednesday, August 6th. Finally, Wells Fargo & Company lifted 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. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Grocery Outlet has an average rating of "Hold" and an average target price of $16.08.

Grocery Outlet Price Performance

NASDAQ:GO traded up $0.04 during trading hours on Tuesday, reaching $18.63. 2,659,789 shares of the company were exchanged, compared to its average volume of 3,236,273. The business has a 50 day moving average of $14.72 and a 200 day moving average of $14.34. Grocery Outlet Holding Corp. has a 1-year low of $10.26 and a 1-year high of $21.67. 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 $1.83 billion, a P/E ratio of 266.18, a P/E/G ratio of 4.07 and a beta of 0.27.

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, topping analysts' consensus estimates of $0.17 by $0.06. Grocery Outlet had a net margin of 0.18% and a return on equity of 6.34%. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.20 billion. During the same period in the prior year, the company earned $0.25 EPS. The firm's quarterly revenue 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. Research analysts forecast that Grocery Outlet Holding Corp. will post 0.63 EPS for the current year.

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.