Grocery Outlet (NASDAQ:GO) EVP Sells $22,104.40 in Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) EVP Luke Thompson sold 3,785 shares of the stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $5.84, for a total transaction of $22,104.40. Following the sale, the executive vice president directly owned 35,523 shares of the company’s stock, valued at approximately $207,454.32. This represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Grocery Outlet Price Performance

Grocery Outlet stock traded up $0.24 during mid-day trading on Friday, hitting $6.32. The company’s stock had a trading volume of 371,340 shares, compared to its average volume of 3,176,790. The stock has a market capitalization of $620.60 million, a P/E ratio of -2.76, a P/E/G ratio of 1.22 and a beta of 0.50. Grocery Outlet Holding Corp. has a twelve month low of $5.66 and a twelve month high of $19.41. The stock’s fifty day moving average price is $9.33 and its two-hundred day moving average price is $12.28. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.49.

Grocery Outlet (NASDAQ:GO) last released its quarterly earnings data 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). The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Grocery Outlet had a positive return on equity of 5.93% and a negative net margin of 4.80%.The business’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.15 earnings per share. 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 year.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GO. TD Cowen reaffirmed a “hold” rating on shares of Grocery Outlet in a research note on Thursday, March 5th. Craig Hallum downgraded shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. The Goldman Sachs Group cut their price target on shares of Grocery Outlet from $12.00 to $9.00 and set a “sell” rating on the stock in a report on Thursday, February 19th. UBS Group restated a “neutral” rating and issued a $11.50 price target on shares of Grocery Outlet in a research report on Thursday, December 18th. Finally, Zacks Research lowered shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 14th. Eleven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $10.68.

Hedge Funds Weigh In On Grocery Outlet

Several institutional investors and hedge funds have recently bought and sold shares of GO. Royal Bank of Canada lifted its position in shares of Grocery Outlet by 5.8% in the first quarter. Royal Bank of Canada now owns 122,565 shares of the company’s stock worth $1,713,000 after purchasing an additional 6,736 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Grocery Outlet by 14.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 357,856 shares of the company’s stock valued at $5,003,000 after purchasing an additional 44,214 shares in the last quarter. Bank of Montreal Can increased its stake in Grocery Outlet by 5.1% in the 2nd quarter. Bank of Montreal Can now owns 16,525 shares of the company’s stock valued at $205,000 after buying an additional 803 shares during the period. Bank of New York Mellon Corp lifted its position in Grocery Outlet by 7.4% in the 2nd quarter. Bank of New York Mellon Corp now owns 642,806 shares of the company’s stock worth $7,984,000 after buying an additional 44,427 shares in the last quarter. Finally, Fox Run Management L.L.C. purchased a new stake in Grocery Outlet in the 2nd quarter worth approximately $185,000. Hedge funds and other institutional investors own 99.87% of the company’s stock.

Grocery Outlet Company Profile

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.