Militia Capital Management LLC Buys Shares of 83,696 Grocery Outlet Holding Corp. $GO

Militia Capital Management LLC purchased a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 83,696 shares of the company’s stock, valued at approximately $590,000.

A number of other hedge funds have also modified their holdings of the stock. T. Rowe Price Investment Management Inc. boosted 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 during the last quarter. Millennium Management LLC grew its stake in Grocery Outlet by 3,558.0% in the third quarter. Millennium Management LLC now owns 1,825,407 shares of the company’s stock valued at $29,298,000 after purchasing an additional 1,775,505 shares in the last quarter. UBS Group AG increased its position in Grocery Outlet by 87.6% in the 4th quarter. UBS Group AG now owns 2,726,299 shares of the company’s stock worth $27,536,000 after purchasing an additional 1,272,859 shares during the last quarter. Boston Partners increased its position in Grocery Outlet by 219.7% in the 3rd quarter. Boston Partners now owns 1,462,633 shares of the company’s stock worth $23,475,000 after purchasing an additional 1,005,126 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Grocery Outlet by 106.5% during the 4th quarter. Invesco Ltd. now owns 1,914,410 shares of the company’s stock worth $19,336,000 after purchasing an additional 987,367 shares in the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

Grocery Outlet Trading Down 4.6%

Shares of NASDAQ:GO opened at $8.94 on Friday. The company has a current ratio of 1.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. The stock has a market capitalization of $884.34 million, a PE ratio of -2.30, a P/E/G ratio of 14.50 and a beta of 0.64. Grocery Outlet Holding Corp. has a 1 year low of $5.66 and a 1 year high of $19.41. The firm has a fifty day moving average price of $9.18 and a 200 day moving average price of $8.63.

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

Wall Street Analysts Forecast Growth

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

Insider Activity at Grocery Outlet

In related news, insider Paul Blaine Miller acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were acquired at an average cost of $9.37 per share, with a total value of $93,700.00. Following the purchase, the insider owned 59,171 shares of the company’s stock, valued at approximately $554,432.27. The trade was a 20.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.60% of the company’s stock.

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.