Quantinno Capital Management LP Purchases 294,280 Shares of Grocery Outlet Holding Corp. $GO

Key Points

• Quantinno Capital Management increased its Grocery Outlet stake by 217% in the first quarter, buying 294,280 additional shares for a total position of 429,869 shares. Institutional investors collectively own 99.87% of the company.
• Grocery Outlet reported quarterly revenue of $1.17 billion and adjusted earnings of $0.05 per share, exceeding analyst estimates, while revenue increased 3.6% year over year. The company issued fiscal 2026 EPS guidance of $0.45 to $0.55.
• Despite the earnings beat and an insider purchase of 5,000 shares, analyst sentiment remains cautious: 11 analysts rate the stock Hold and two rate it Sell, resulting in a consensus “Reduce” rating and an average price target of $9.65.

Quantinno Capital Management LP raised its position in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 217.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 429,869 shares of the company's stock after acquiring an additional 294,280 shares during the quarter. Quantinno Capital Management LP owned approximately 0.43% of Grocery Outlet worth $3,031,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Thrivent Financial for Lutherans boosted its stake in shares of Grocery Outlet by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 72,087 shares of the company's stock worth $895,000 after acquiring an additional 739 shares during the period. Natixis Advisors LLC lifted its holdings in Grocery Outlet by 5.5% during the 3rd quarter. Natixis Advisors LLC now owns 30,320 shares of the company's stock valued at $487,000 after purchasing an additional 1,591 shares during the last quarter. Rafferty Asset Management LLC boosted its position in Grocery Outlet by 7.4% during the second quarter. Rafferty Asset Management LLC now owns 27,017 shares of the company's stock worth $336,000 after purchasing an additional 1,852 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Grocery Outlet by 1.7% during the second quarter. CANADA LIFE ASSURANCE Co now owns 115,509 shares of the company's stock worth $1,435,000 after purchasing an additional 1,957 shares during the period. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of Grocery Outlet by 1,030.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company's stock valued at $26,000 after purchasing an additional 2,308 shares during the last quarter. Institutional investors own 99.87% of the company's stock.

Insider Buying and Selling at Grocery Outlet

In related news, insider Paul Blaine Miller bought 5,000 shares of the business's stock in a transaction dated Thursday, June 25th. The stock was purchased at an average cost of $9.50 per share, for a total transaction of $47,500.00. Following the transaction, the insider owned 64,171 shares in the company, valued at $609,624.50. The trade was a 8.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 5.60% of the company's stock.

Grocery Outlet Stock Performance

NASDAQ GO opened at $9.91 on Friday. The firm has a 50-day moving average price of $9.49 and a two-hundred day moving average price of $8.63. Grocery Outlet Holding Corp. has a 12-month low of $5.66 and a 12-month high of $19.41. The company has a market capitalization of $980.30 million, a P/E ratio of -2.55, a P/E/G ratio of 15.63 and a beta of 0.65. The company has a quick ratio of 0.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.59.

Grocery Outlet (NASDAQ:GO - Get Free Report) last announced its earnings results on Wednesday, May 13th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. The company had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.15 billion. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the firm earned $0.13 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Analysts anticipate that Grocery Outlet Holding Corp. will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

GO has been the subject of a number of research reports. DA Davidson raised their target price on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. Wells Fargo & Company upped their price target on shares of Grocery Outlet from $7.00 to $9.00 and gave the company an "equal weight" rating in a research note on Thursday, May 14th. TD Cowen increased their price target on shares of Grocery Outlet from $6.00 to $8.00 and gave the company a "hold" rating in a report on Thursday, May 14th. Finally, Weiss Ratings downgraded shares of Grocery Outlet from a "sell (d)" rating to a "sell (d-)" rating in a research report on Thursday, July 30th. Eleven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Reduce" and an average target price of $9.65.

About Grocery Outlet

Grocery Outlet Holding Corp. NASDAQ: GO is a specialty discount retailer that offers consumers deeply discounted groceries by purchasing excess inventory, closeouts, and overstocks from manufacturers and distributors. Headquartered in Emeryville, California, the company operates two primary banners—Grocery Outlet and Fresh2Go—with a combined footprint of more than 400 stores. Its product assortment spans fresh produce, meat, dairy, bakery items, household staples, natural and organic offerings, and select specialty products, all sold at significant markdowns compared to conventional supermarkets.

The company's unique buying model enables it to source inventory through opportunistic purchases of surplus freight, discontinued items, and closeout deals, which it then passes on as savings to its customers.

Want to see what other hedge funds are holding GO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source