Grocery Outlet Holding Corp. $GO Position Increased by Heartland Advisors Inc.

Heartland Advisors Inc. grew its holdings in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 8.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 739,850 shares of the company’s stock after purchasing an additional 57,200 shares during the period. Heartland Advisors Inc.’s holdings in Grocery Outlet were worth $5,216,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of GO. UBS Group AG grew its position in shares of Grocery Outlet by 87.6% during the 4th quarter. UBS Group AG now owns 2,726,299 shares of the company’s stock valued at $27,536,000 after buying an additional 1,272,859 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Grocery Outlet by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock worth $113,685,000 after acquiring an additional 213,325 shares during the last quarter. CenterBook Partners LP lifted its holdings in Grocery Outlet by 262.2% in the fourth quarter. CenterBook Partners LP now owns 645,159 shares of the company’s stock worth $6,516,000 after acquiring an additional 467,019 shares during the last quarter. Clearbridge Investments LLC boosted its stake in Grocery Outlet by 6.6% in the fourth quarter. Clearbridge Investments LLC now owns 2,816,721 shares of the company’s stock valued at $28,449,000 after acquiring an additional 173,308 shares during the period. Finally, Ruffer LLP acquired a new position in Grocery Outlet in the fourth quarter valued at approximately $3,061,000. 99.87% of the stock is currently owned by institutional investors.

Grocery Outlet Stock Performance

Grocery Outlet stock opened at $9.44 on Monday. Grocery Outlet Holding Corp. has a 52-week low of $5.66 and a 52-week 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. The firm has a market capitalization of $933.80 million, a price-to-earnings ratio of -2.43, a PEG ratio of 14.61 and a beta of 0.64. The firm has a 50-day moving average price of $9.07 and a two-hundred day moving average price of $8.65.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 EPS for the quarter, beating the consensus estimate of $0.02 by $0.03. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.15 billion. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. Grocery Outlet’s revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Sell-side analysts expect that Grocery Outlet Holding Corp. will post 0.38 earnings per share for the current year.

Insider Transactions at Grocery Outlet

In other Grocery Outlet news, insider Paul Blaine Miller bought 10,000 shares of the stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average cost of $9.37 per share, for a total transaction of $93,700.00. Following the transaction, the insider directly owned 59,171 shares in the company, valued at $554,432.27. The trade was a 20.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Grocery Outlet Profile

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.