Quantbot Technologies LP Takes Position in Grocery Outlet Holding Corp. $GO

Quantbot Technologies LP purchased a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) in the first quarter, according to its most recent 13F filing with the SEC. The fund purchased 95,981 shares of the company’s stock, valued at approximately $1,342,000. Quantbot Technologies LP owned approximately 0.10% of Grocery Outlet at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Grocery Outlet by 5.8% during the 1st quarter. Vanguard Group Inc. now owns 10,717,454 shares of the company’s stock valued at $149,830,000 after purchasing an additional 582,822 shares in the last quarter. FPR Partners LLC raised its position in Grocery Outlet by 15.2% during the fourth quarter. FPR Partners LLC now owns 5,991,474 shares of the company’s stock valued at $93,527,000 after purchasing an additional 791,474 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Grocery Outlet by 0.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,833,955 shares of the company’s stock worth $59,845,000 after purchasing an additional 35,938 shares during the last quarter. Simcoe Capital Management LLC bought a new stake in Grocery Outlet during the fourth quarter worth about $53,185,000. Finally, Wellington Management Group LLP bought a new stake in Grocery Outlet during the first quarter worth about $43,509,000. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Grocery Outlet Stock Performance

NASDAQ GO opened at $18.63 on Friday. The company has a 50-day simple moving average of $14.61 and a two-hundred day simple moving average of $14.37. The company has a quick ratio of 0.25, a current ratio of 1.21 and a debt-to-equity ratio of 0.38. Grocery Outlet Holding Corp. has a 12-month low of $10.26 and a 12-month high of $21.67. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 266.18, a PEG ratio of 4.03 and a beta of 0.27.

Grocery Outlet (NASDAQ:GO) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. Grocery Outlet had a net margin of 0.18% and a return on equity of 6.34%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same period in the prior year, the business posted $0.25 earnings per share. The company’s revenue was up 4.5% on a year-over-year basis. Grocery Outlet has set its FY 2025 guidance at 0.750-0.800 EPS. On average, equities analysts forecast that Grocery Outlet Holding Corp. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

GO has been the subject of several research analyst reports. Wells Fargo & Company lifted their price target on Grocery Outlet from $18.00 to $19.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 7th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $16.00 price target on shares of Grocery Outlet in a research note on Wednesday, August 6th. Morgan Stanley raised Grocery Outlet from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $13.00 to $16.00 in a research note on Wednesday, August 6th. UBS Group lifted their price target on Grocery Outlet from $14.50 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 7th. Finally, Craig Hallum raised Grocery Outlet from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $16.08.

Insider Transactions at Grocery Outlet

In other news, EVP Steven K. Wilson sold 5,000 shares of the stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $18.24, for a total transaction of $91,200.00. Following the completion of the sale, the executive vice president directly owned 141,923 shares in the company, valued at approximately $2,588,675.52. This represents a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.50% of the stock is currently owned by insiders.

Grocery Outlet Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.