Grocery Outlet (NASDAQ:GO) Director Buys $103,360.00 in Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) Director John Bachman acquired 16,000 shares of the firm’s stock in a transaction that occurred on Friday, March 6th. The stock was purchased at an average price of $6.46 per share, with a total value of $103,360.00. Following the completion of the acquisition, the director directly owned 73,367 shares of the company’s stock, valued at $473,950.82. This represents a 27.89% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Grocery Outlet Stock Down 7.7%

Shares of NASDAQ:GO traded down $0.51 on Monday, reaching $6.08. The company had a trading volume of 10,418,645 shares, compared to its average volume of 3,144,926. The company has a current ratio of 1.37, a quick ratio of 0.32 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $596.77 million, a PE ratio of -2.66, a PEG ratio of 1.44 and a beta of 0.50. Grocery Outlet Holding Corp. has a 52-week low of $5.66 and a 52-week high of $19.41. The firm’s 50 day simple moving average is $9.64 and its 200-day simple moving average is $12.54.

Grocery Outlet (NASDAQ:GO) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Grocery Outlet had a positive return on equity of 5.93% and a negative net margin of 4.80%.The firm had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the firm earned $0.15 EPS. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. As a group, analysts expect that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

GO has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft set a $11.00 target price on Grocery Outlet in a research note on Thursday, January 8th. The Goldman Sachs Group decreased their target price on shares of Grocery Outlet from $12.00 to $9.00 and set a “sell” rating for the company in a research report on Thursday, February 19th. TD Cowen reissued a “hold” rating on shares of Grocery Outlet in a report on Thursday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grocery Outlet in a report on Thursday, January 22nd. Finally, Morgan Stanley lowered their price objective on Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday. Eleven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $10.68.

Hedge Funds Weigh In On Grocery Outlet

A number of large investors have recently added to or reduced their stakes in the stock. Bayforest Capital Ltd acquired a new stake in shares of Grocery Outlet in the third quarter valued at about $29,000. Hantz Financial Services Inc. boosted its stake in Grocery Outlet by 591.5% during the third quarter. Hantz Financial Services Inc. now owns 2,033 shares of the company’s stock worth $33,000 after buying an additional 1,739 shares during the last quarter. Aster Capital Management DIFC Ltd increased its stake in shares of Grocery Outlet by 1,030.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock worth $26,000 after acquiring an additional 2,308 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Grocery Outlet by 32.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company’s stock valued at $37,000 after purchasing an additional 719 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in Grocery Outlet during the fourth quarter worth about $35,000. 99.87% of the stock is currently owned by institutional investors and hedge funds.

About Grocery Outlet

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.