Grocery Outlet (NASDAQ:GO) Director Carey Jaros Acquires 40,000 Shares

Grocery Outlet Holding Corp. (NASDAQ:GO) Director Carey Jaros acquired 40,000 shares of the stock in a transaction that occurred on Tuesday, March 10th. The stock was acquired at an average price of $6.26 per share, for a total transaction of $250,400.00. Following the transaction, the director directly owned 76,066 shares of the company’s stock, valued at $476,173.16. This represents a 110.91% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Grocery Outlet Price Performance

Grocery Outlet stock traded up $0.23 during midday trading on Thursday, hitting $6.43. 398,682 shares of the company’s stock were exchanged, compared to its average volume of 3,155,847. The company has a market cap of $630.63 million, a P/E ratio of -2.81, a PEG ratio of 1.52 and a beta of 0.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.32 and a current ratio of 1.37. The stock has a 50-day moving average price of $9.41 and a two-hundred day moving average price of $12.32. Grocery Outlet Holding Corp. has a 52-week low of $5.66 and a 52-week high of $19.41.

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

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its stake in shares of Grocery Outlet by 54.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company’s stock worth $159,216,000 after buying an additional 5,528,722 shares during the period. Vanguard Group Inc. boosted its position in Grocery Outlet by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock valued at $113,685,000 after buying an additional 213,325 shares during the period. Mackenzie Financial Corp grew its holdings in Grocery Outlet by 0.5% in the 4th quarter. Mackenzie Financial Corp now owns 4,709,721 shares of the company’s stock worth $47,757,000 after acquiring an additional 22,418 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Grocery Outlet by 5.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,619,851 shares of the company’s stock worth $74,149,000 after acquiring an additional 221,693 shares during the last quarter. Finally, Marshall Wace LLP increased its position in shares of Grocery Outlet by 0.5% in the third quarter. Marshall Wace LLP now owns 4,577,371 shares of the company’s stock valued at $73,467,000 after acquiring an additional 20,819 shares during the period. 99.87% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grocery Outlet in a report on Thursday, January 22nd. TD Cowen reissued a “hold” rating on shares of Grocery Outlet in a research note on Thursday, March 5th. Telsey Advisory Group lowered Grocery Outlet from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $15.00 to $9.00 in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft set a $11.00 price objective on Grocery Outlet in a report on Thursday, January 8th. Finally, The Goldman Sachs Group reduced their price objective on Grocery Outlet from $12.00 to $9.00 and set a “sell” rating on the stock in a research report on Thursday, February 19th. Eleven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Grocery Outlet presently has an average rating of “Reduce” and a consensus target price 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.