Grocery Outlet Holding Corp. (NASDAQ:GO - Get Free Report) EVP Luke Thompson sold 3,785 shares of the stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $5.84, for a total value of $22,104.40. Following the completion of the transaction, the executive vice president directly owned 35,523 shares in the company, valued at $207,454.32. This represents a 9.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Grocery Outlet Price Performance
Shares of NASDAQ GO opened at $6.32 on Wednesday. The firm has a market cap of $620.31 million, a P/E ratio of -2.76, a P/E/G ratio of 1.46 and a beta of 0.50. Grocery Outlet Holding Corp. has a 52 week low of $5.66 and a 52 week high of $19.41. The business's 50 day moving average price is $9.49 and its 200 day moving average price is $12.37. 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 - Get Free Report) last announced its earnings results on Wednesday, March 4th. The company reported $0.19 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the previous year, the company earned $0.15 EPS. Grocery Outlet's revenue 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. On average, sell-side analysts expect that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current year.
Hedge Funds Weigh In On Grocery Outlet
Several hedge funds and other institutional investors have recently made changes to their positions in GO. Aster Capital Management DIFC Ltd grew its position in shares of Grocery Outlet by 1,030.4% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company's stock worth $26,000 after buying an additional 2,308 shares in the last quarter. Bayforest Capital Ltd acquired a new stake in Grocery Outlet in the third quarter valued at approximately $29,000. Hantz Financial Services Inc. lifted its stake in Grocery Outlet by 591.5% in the third quarter. Hantz Financial Services Inc. now owns 2,033 shares of the company's stock worth $33,000 after acquiring an additional 1,739 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Grocery Outlet in the fourth quarter worth approximately $35,000. Finally, PNC Financial Services Group Inc. grew its holdings in Grocery Outlet by 32.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company's stock worth $37,000 after acquiring an additional 719 shares in the last quarter. Hedge funds and other institutional investors own 99.87% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the company. DA Davidson set a $8.00 price target on Grocery Outlet in a report on Thursday, March 5th. Telsey Advisory Group downgraded shares of Grocery Outlet from an "outperform" rating to a "market perform" rating and reduced their target price for the stock from $15.00 to $9.00 in a research note on Thursday, March 5th. Weiss Ratings restated a "sell (d)" rating on shares of Grocery Outlet in a report on Thursday, January 22nd. Morgan Stanley lowered their price objective on Grocery Outlet from $11.00 to $7.00 and set an "equal weight" rating for the company in a research report on Thursday, March 5th. Finally, Wells Fargo & Company lowered their price target on Grocery Outlet from $10.50 to $7.00 and set an "equal weight" rating for the company in a report on Thursday, March 5th. Eleven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $10.68.
Check Out Our Latest Stock Report on GO
More Grocery Outlet News
Here are the key news stories impacting Grocery Outlet this week:
- Positive Sentiment: Director insider buy — Director John E. Bachman purchased 16,000 shares at about $6.46, increasing his stake ~28%, a signal some investors view as management confidence. Director Acquires $103,360.00 in Stock
- Positive Sentiment: Positive media on Q4 results and market interest — Coverage noting Grocery Outlet as a Q4 earnings outperformer and rising market interest can attract short‑term buyers and improve liquidity. Q4 earnings outperformers
- Neutral Sentiment: High institutional ownership — Large funds own the vast majority of shares, which supports liquidity but can magnify moves if institutions rebalance (background filings/aggregate reporting).
- Negative Sentiment: CEO and multiple senior execs sold stock — CEO Jason Potter sold 67,397 shares at ~$5.84 (≈$394k) and several EVPs also sold smaller positions the same day; sizeable insider sales can signal liquidity needs or concern and often weigh on sentiment. CEO Jason Potter Sells 67,397 Shares
- Negative Sentiment: Store closures announced — Company will close four Northeast Ohio stores citing “millions in losses,” a near‑term operational setback that underscores margin/market challenges in certain regions. Store Closures
- Negative Sentiment: Law‑firm investigation announced — Levi & Korsinsky opened an inquiry into possible securities‑law violations tied to prior guidance changes, increasing litigation risk and investor uncertainty. Investigation Notice
- Negative Sentiment: Analyst cuts and negative consensus — Several firms trimmed ratings/targets (consensus shown as “Reduce”); these downgrades and negative headlines can accelerate selling pressure. Analyst Scrutiny on Consumer Trends
- Negative Sentiment: Earnings/guidance headwinds — Q4 showed a slight EPS and revenue miss and management set FY2026 EPS guidance of $0.45–$0.55 (below some expectations), highlighting margin pressure and limiting near‑term upside (company filings/earnings release).
Grocery Outlet Company Profile
(
Get Free Report)
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.
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