First Trust Advisors LP Purchases 226,957 Shares of Grocery Outlet Holding Corp. $GO

First Trust Advisors LP lifted its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 267.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 311,812 shares of the company’s stock after purchasing an additional 226,957 shares during the period. First Trust Advisors LP’s holdings in Grocery Outlet were worth $2,198,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its holdings in shares of Grocery Outlet by 1.0% in the 2nd quarter. Thrivent Financial for Lutherans now owns 72,087 shares of the company’s stock valued at $895,000 after acquiring an additional 739 shares during the last quarter. Natixis Advisors LLC grew its position in Grocery Outlet by 5.5% in the 3rd quarter. Natixis Advisors LLC now owns 30,320 shares of the company’s stock valued at $487,000 after acquiring an additional 1,591 shares during the last quarter. Rafferty Asset Management LLC lifted its holdings in Grocery Outlet by 7.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 27,017 shares of the company’s stock valued at $336,000 after buying an additional 1,852 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its stake in shares of Grocery Outlet by 1.7% during the second quarter. CANADA LIFE ASSURANCE Co now owns 115,509 shares of the company’s stock valued at $1,435,000 after acquiring an additional 1,957 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd raised its position in Grocery Outlet by 1,030.4% during the 4th 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 in the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Grocery Outlet

In related news, insider Paul Blaine Miller bought 5,000 shares of the stock in a transaction on Thursday, June 25th. The stock was bought at an average price of $9.50 per share, with a total value of $47,500.00. Following the completion of the purchase, the insider directly owned 64,171 shares in the company, valued at $609,624.50. This represents a 8.45% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on GO. Wells Fargo & Company lifted their price objective on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. TD Cowen raised their price objective on shares of Grocery Outlet from $6.00 to $8.00 and gave the stock a “hold” rating in a research note on Thursday, May 14th. Weiss Ratings lowered Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. Finally, DA Davidson upped their price objective on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Eleven 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 currently has an average rating of “Reduce” and a consensus price target of $9.65.

Grocery Outlet Stock Up 2.3%

Shares of NASDAQ:GO opened at $9.91 on Friday. 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 Holding Corp. has a 52-week low of $5.66 and a 52-week high of $19.41. The business has a fifty day moving average of $9.49 and a two-hundred day moving average of $8.63. The stock has a market cap of $980.30 million, a P/E ratio of -2.55, a PEG ratio of 15.29 and a beta of 0.65.

Grocery Outlet (NASDAQ:GO) last issued its earnings results on Wednesday, May 13th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. Grocery Outlet’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, research analysts expect that Grocery Outlet Holding Corp. will post 0.37 earnings per share for the current year.

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.