Key Points
- Director Erik Ragatz purchased 125,000 shares on March 11 at $6.00 each (~$750,000), increasing his direct stake 62.03% to 326,500 shares (≈$1.96M) according to an SEC filing.
- Shares traded near $6.29 after Grocery Outlet missed quarterly EPS estimates ($0.19 vs. $0.21) despite 10.7% revenue growth; analysts mostly have "Hold/Reduce" ratings with an average price target of $10.68 and the company shows a negative net margin and a market cap of about $617M.
Grocery Outlet Holding Corp. (NASDAQ:GO - Get Free Report) Director Erik Ragatz bought 125,000 shares of the company's stock in a transaction dated Wednesday, March 11th. The shares were purchased at an average cost of $6.00 per share, with a total value of $750,000.00. Following the acquisition, the director directly owned 326,500 shares of the company's stock, valued at approximately $1,959,000. This represents a 62.03% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Grocery Outlet Stock Performance
Shares of Grocery Outlet stock traded up $0.21 during trading on Friday, reaching $6.29. The company's stock had a trading volume of 1,207,401 shares, compared to its average volume of 3,190,469. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The business's 50-day moving average price is $9.33 and its 200-day moving average price is $12.28. Grocery Outlet Holding Corp. has a 52 week low of $5.66 and a 52 week high of $19.41. The firm has a market cap of $616.87 million, a PE ratio of -2.75, a P/E/G ratio of 1.22 and a beta of 0.50.
Grocery Outlet (NASDAQ:GO - Get Free Report) last released its quarterly 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). The business 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%.Grocery Outlet's revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.15 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Equities analysts forecast that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on GO shares. TD Cowen reiterated 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 lowered their price objective for the stock from $15.00 to $9.00 in a research note on Thursday, March 5th. DA Davidson set a $8.00 price objective on Grocery Outlet in a report on Thursday, March 5th. The Goldman Sachs Group reduced their target price on Grocery Outlet from $12.00 to $9.00 and set a "sell" rating on the stock in a report on Thursday, February 19th. Finally, Zacks Research cut Grocery Outlet from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 14th. Eleven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Grocery Outlet presently has an average rating of "Reduce" and an average price target of $10.68.
Read Our Latest Analysis on GO
Institutional Inflows and Outflows
Hedge funds have recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its position in Grocery Outlet by 54.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company's stock valued at $159,216,000 after purchasing an additional 5,528,722 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Grocery Outlet by 1.9% in the 4th 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. Mackenzie Financial Corp raised its holdings in shares of Grocery Outlet by 0.5% during the 4th quarter. Mackenzie Financial Corp now owns 4,709,721 shares of the company's stock worth $47,757,000 after buying an additional 22,418 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Grocery Outlet by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,619,851 shares of the company's stock worth $74,149,000 after buying an additional 221,693 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Grocery Outlet by 0.5% during the 3rd quarter. Marshall Wace LLP now owns 4,577,371 shares of the company's stock worth $73,467,000 after buying an additional 20,819 shares during the last quarter. 99.87% of the stock is owned by institutional investors.
About Grocery Outlet
(
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.
Further Reading
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