95,981 Shares in Grocery Outlet Holding Corp. $GO Purchased by Quantbot Technologies LP

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 purchased a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 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.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. 111 Capital bought a new position in shares of Grocery Outlet during the fourth quarter valued at $207,000. D.A. Davidson & CO. bought a new position in shares of Grocery Outlet during the first quarter valued at $165,000. Hussman Strategic Advisors Inc. bought a new position in shares of Grocery Outlet during the first quarter valued at $881,000. New York State Common Retirement Fund lifted its holdings in shares of Grocery Outlet by 49.4% during the first quarter. New York State Common Retirement Fund now owns 131,983 shares of the company's stock valued at $1,845,000 after purchasing an additional 43,633 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in shares of Grocery Outlet by 834.3% during the fourth 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. 99.87% of the stock is owned by institutional investors.

Grocery Outlet Stock Performance

Shares of NASDAQ GO traded down $0.56 during trading on Thursday, hitting $17.95. The company had a trading volume of 994,272 shares, compared to its average volume of 3,220,033. The stock has a 50 day simple moving average of $14.94 and a 200 day simple moving average of $14.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.25 and a current ratio of 1.21. Grocery Outlet Holding Corp. has a 12 month low of $10.26 and a 12 month high of $21.67. The firm has a market capitalization of $1.76 billion, a P/E ratio of 256.39, a price-to-earnings-growth ratio of 4.07 and a beta of 0.27.

Grocery Outlet (NASDAQ:GO - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. Grocery Outlet had a return on equity of 6.34% and a net margin of 0.18%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company earned $0.25 earnings per share. 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. As a group, analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current year.

Insider Activity at Grocery Outlet

In other news, EVP Steven K. Wilson sold 20,000 shares of the firm's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $19.20, for a total value of $384,000.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on GO. Wells Fargo & Company upped their price target on Grocery Outlet from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Morgan Stanley raised Grocery Outlet from an "underweight" rating to an "equal weight" rating and increased their target price for the company from $13.00 to $16.00 in a report on Wednesday, August 6th. Telsey Advisory Group reissued a "market perform" rating and issued a $16.00 target price on shares of Grocery Outlet in a report on Wednesday, August 6th. UBS Group increased their target price on Grocery Outlet from $14.50 to $17.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Craig Hallum raised Grocery Outlet from a "hold" rating to a "buy" rating and set a $17.00 target price on the stock in a report on Wednesday, August 6th. Three research 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, the company currently has a consensus rating of "Hold" and a consensus target price of $16.08.

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.