83,696 Shares in Grocery Outlet Holding Corp. $GO Acquired by Militia Capital Management LLC

Militia Capital Management LLC bought a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GOFree Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 83,696 shares of the company’s stock, valued at approximately $590,000. Militia Capital Management LLC owned about 0.08% of Grocery Outlet at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Royal Bank of Canada increased its holdings in shares of Grocery Outlet by 5.8% in the first quarter. Royal Bank of Canada now owns 122,565 shares of the company’s stock valued at $1,713,000 after buying an additional 6,736 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Grocery Outlet by 14.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 357,856 shares of the company’s stock worth $5,003,000 after acquiring an additional 44,214 shares in the last quarter. Creative Planning boosted its stake in shares of Grocery Outlet by 25.4% during the 2nd quarter. Creative Planning now owns 16,104 shares of the company’s stock worth $200,000 after acquiring an additional 3,263 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Grocery Outlet by 13.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 220,432 shares of the company’s stock worth $2,738,000 after acquiring an additional 26,725 shares during the last quarter. Finally, Franklin Resources Inc. acquired a new position in shares of Grocery Outlet in the 2nd quarter worth $149,000. 99.87% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Grocery Outlet news, insider Paul Blaine Miller bought 10,000 shares of the stock in a transaction on Thursday, June 18th. The shares were bought at an average price of $9.37 per share, with a total value of $93,700.00. Following the purchase, the insider directly owned 59,171 shares in the company, valued at $554,432.27. The trade was a 20.34% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on GO shares. TD Cowen upped their target price on Grocery Outlet from $6.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, May 14th. Weiss Ratings raised Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. Wells Fargo & Company boosted their price objective on Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Finally, DA Davidson upped their price objective on shares of Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Eleven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus target price of $10.32.

Read Our Latest Stock Analysis on GO

Grocery Outlet Price Performance

GO opened at $8.94 on Friday. The stock has a fifty day moving average of $9.18 and a 200-day moving average of $8.63. The firm has a market capitalization of $884.34 million, a P/E ratio of -2.30, a PEG ratio of 14.50 and a beta of 0.64. Grocery Outlet Holding Corp. has a 12-month low of $5.66 and a 12-month high of $19.41. 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 (NASDAQ:GOGet Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The business had revenue of $1.17 billion for 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%.Grocery Outlet’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 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 0.38 EPS for the current fiscal year.

About Grocery Outlet

(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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Institutional Ownership by Quarter for Grocery Outlet (NASDAQ:GO)

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