Grocery Outlet (NASDAQ:GO) Director Purchases $103,360.00 in Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) Director John Bachman purchased 16,000 shares of Grocery Outlet stock in a transaction dated Friday, March 6th. The stock was bought at an average price of $6.46 per share, with a total value of $103,360.00. Following the completion of the transaction, the director owned 73,367 shares of the company’s stock, valued at $473,950.82. This represents a 27.89% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Grocery Outlet Price Performance

NASDAQ:GO traded down $0.51 during trading hours on Monday, hitting $6.08. The stock had a trading volume of 10,418,645 shares, compared to its average volume of 3,144,926. The firm has a market capitalization of $596.77 million, a price-to-earnings ratio of -2.66, a P/E/G ratio of 1.44 and a beta of 0.50. Grocery Outlet Holding Corp. has a one year low of $5.66 and a one year high of $19.41. The company has a 50 day simple moving average of $9.64 and a two-hundred day simple moving average of $12.54. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 0.32.

Grocery Outlet (NASDAQ:GO) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). Grocery Outlet had a positive return on equity of 5.93% and a negative net margin of 4.80%.The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm posted $0.15 EPS. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Research analysts forecast that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. increased its position in Grocery Outlet by 54.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company’s stock valued at $159,216,000 after acquiring an additional 5,528,722 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Grocery Outlet by 3,558.0% in the third quarter. Millennium Management LLC now owns 1,825,407 shares of the company’s stock worth $29,298,000 after buying an additional 1,775,505 shares during the period. UBS Group AG boosted its holdings in Grocery Outlet by 87.6% during the 4th quarter. UBS Group AG now owns 2,726,299 shares of the company’s stock valued at $27,536,000 after acquiring an additional 1,272,859 shares during the period. Boston Partners increased its stake in Grocery Outlet by 219.7% in the third quarter. Boston Partners now owns 1,462,633 shares of the company’s stock worth $23,475,000 after purchasing an additional 1,005,126 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of Grocery Outlet by 106.5% in the fourth quarter. Invesco Ltd. now owns 1,914,410 shares of the company’s stock worth $19,336,000 after purchasing an additional 987,367 shares during the last quarter. 99.87% of the stock is owned by institutional investors.

Analyst Ratings Changes

GO has been the topic of several recent research reports. TD Cowen restated a “hold” rating on shares of Grocery Outlet in a research report on Thursday. Craig Hallum lowered shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a report on Thursday. UBS Group reaffirmed a “neutral” rating and issued a $11.50 target price on shares of Grocery Outlet in a research report on Thursday, December 18th. Morgan Stanley reduced their price target on shares of Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group restated a “hold” rating and issued a $7.00 price objective (down from $18.00) on shares of Grocery Outlet in a report on Thursday. Eleven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Grocery Outlet presently has a consensus rating of “Reduce” and an average price target of $10.68.

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.