Versor Investments LP Invests $427,000 in Grocery Outlet Holding Corp. $GO

Versor Investments LP bought a new position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 30,529 shares of the company’s stock, valued at approximately $427,000.

A number of other institutional investors have also modified their holdings of the stock. US Bancorp DE increased its position in shares of Grocery Outlet by 64.2% during the first quarter. US Bancorp DE now owns 3,024 shares of the company’s stock worth $42,000 after acquiring an additional 1,182 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Grocery Outlet by 9.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 15,671 shares of the company’s stock valued at $245,000 after purchasing an additional 1,377 shares in the last quarter. Guggenheim Capital LLC boosted its stake in shares of Grocery Outlet by 9.1% during the fourth quarter. Guggenheim Capital LLC now owns 16,955 shares of the company’s stock valued at $265,000 after purchasing an additional 1,408 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Grocery Outlet by 53.9% during the fourth quarter. Sterling Capital Management LLC now owns 5,808 shares of the company’s stock valued at $91,000 after purchasing an additional 2,034 shares in the last quarter. Finally, Red Spruce Capital LLC boosted its stake in shares of Grocery Outlet by 1.6% during the first quarter. Red Spruce Capital LLC now owns 132,968 shares of the company’s stock valued at $1,859,000 after purchasing an additional 2,044 shares in the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Grocery Outlet

In other news, EVP Steven K. Wilson sold 5,000 shares of Grocery Outlet stock in a transaction on 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. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

Grocery Outlet Price Performance

Shares of GO opened at $18.43 on Thursday. The company has a market cap of $1.81 billion, a price-to-earnings ratio of 263.32, a price-to-earnings-growth ratio of 4.06 and a beta of 0.27. Grocery Outlet Holding Corp. has a twelve month low of $10.26 and a twelve month high of $21.67. The company has a quick ratio of 0.25, a current ratio of 1.21 and a debt-to-equity ratio of 0.38. The company has a 50 day moving average of $14.41 and a two-hundred day moving average of $14.35.

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

Wall Street Analysts Forecast Growth

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

Grocery Outlet Company 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.