Grocery Outlet Holding Corp. $GO Holdings Lifted by CenterBook Partners LP

CenterBook Partners LP boosted its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 262.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 645,159 shares of the company’s stock after buying an additional 467,019 shares during the quarter. CenterBook Partners LP’s holdings in Grocery Outlet were worth $6,516,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Heartland Advisors Inc. bought a new position in Grocery Outlet during the third quarter valued at about $4,448,000. Boothbay Fund Management LLC lifted its holdings in shares of Grocery Outlet by 562.1% during the third quarter. Boothbay Fund Management LLC now owns 284,979 shares of the company’s stock valued at $4,574,000 after purchasing an additional 241,936 shares during the last quarter. UBS Group AG lifted its holdings in shares of Grocery Outlet by 87.6% during the fourth quarter. UBS Group AG now owns 2,726,299 shares of the company’s stock valued at $27,536,000 after purchasing an additional 1,272,859 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Grocery Outlet by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock valued at $113,685,000 after purchasing an additional 213,325 shares during the last quarter. Finally, Dana Investment Advisors Inc. purchased a new stake in shares of Grocery Outlet during the third quarter valued at $5,925,000. Institutional investors own 99.87% of the company’s stock.

Insider Transactions at Grocery Outlet

In other news, CEO Jason J. N. Potter purchased 110,252 shares of the business’s stock in a transaction dated Monday, March 23rd. The stock was bought at an average cost of $6.35 per share, with a total value of $700,100.20. Following the purchase, the chief executive officer directly owned 684,618 shares of the company’s stock, valued at approximately $4,347,324.30. This trade represents a 19.20% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Carey F. Jaros purchased 40,000 shares of the business’s stock in a transaction dated Tuesday, March 10th. The shares were purchased at an average cost of $6.26 per share, with a total value of $250,400.00. Following the completion of the purchase, the director directly owned 76,066 shares in the company, valued at approximately $476,173.16. This represents a 110.91% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 763,905 shares of company stock valued at $4,594,547 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Grocery Outlet Price Performance

Shares of Grocery Outlet stock opened at $8.56 on Monday. The stock has a 50-day moving average price of $7.71 and a 200 day moving average price of $8.86. The company has a market cap of $846.76 million, a P/E ratio of -2.21, a P/E/G ratio of 13.25 and a beta of 0.67. The company has a current ratio of 1.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. Grocery Outlet Holding Corp. has a 1 year low of $5.66 and a 1 year high of $19.41.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.03. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Grocery Outlet had a positive return on equity of 5.69% and a negative net margin of 8.08%.The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.13 EPS. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. As a group, analysts expect that Grocery Outlet Holding Corp. will post 0.38 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on GO. Morgan Stanley reduced their target price on Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, March 5th. Weiss Ratings downgraded Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a report on Friday, May 15th. Craig Hallum downgraded Grocery Outlet from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. DA Davidson upped their target price on Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $7.00 target price (down from $18.00) on shares of Grocery Outlet in a report on Thursday, March 5th. Eleven 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, the stock presently has a consensus rating of “Reduce” and an average target price of $10.32.

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.