Grocery Outlet (NASDAQ:GO) EVP Sells $30,023.44 in Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) EVP Steven Wilson sold 5,141 shares of the stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $5.84, for a total transaction of $30,023.44. Following the sale, the executive vice president owned 124,892 shares of the company’s stock, valued at $729,369.28. This trade represents a 3.95% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Grocery Outlet Price Performance

NASDAQ:GO traded up $0.24 on Friday, reaching $6.32. The stock had a trading volume of 371,340 shares, compared to its average volume of 3,176,790. The company has a market capitalization of $620.60 million, a P/E ratio of -2.76, a price-to-earnings-growth ratio of 1.22 and a beta of 0.50. Grocery Outlet Holding Corp. has a 1-year low of $5.66 and a 1-year high of $19.41. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The stock has a fifty day moving average price of $9.33 and a 200-day moving average price of $12.28.

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Craig Hallum lowered Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft set a $11.00 price target on shares of Grocery Outlet in a research report on Thursday, January 8th. Weiss Ratings restated a “sell (d)” rating on shares of Grocery Outlet in a research report on Thursday, January 22nd. Jefferies Financial Group reaffirmed a “hold” rating and issued a $7.00 target price (down from $18.00) on shares of Grocery Outlet in a research note on Thursday, March 5th. Finally, Telsey Advisory Group lowered shares of Grocery Outlet from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $15.00 to $9.00 in a research report on Thursday, March 5th. Eleven analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, Grocery Outlet has a consensus rating of “Reduce” and an average target price of $10.68.

Institutional Trading of Grocery Outlet

A number of institutional investors and hedge funds have recently modified their holdings of GO. Aster Capital Management DIFC Ltd lifted its stake in Grocery Outlet by 1,030.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock valued at $26,000 after buying an additional 2,308 shares in the last quarter. Bayforest Capital Ltd bought a new stake in shares of Grocery Outlet during the third quarter worth $29,000. Hantz Financial Services Inc. raised its holdings in shares of 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 acquiring an additional 1,739 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Grocery Outlet during the fourth quarter worth $35,000. Finally, PNC Financial Services Group Inc. lifted its position in Grocery Outlet by 32.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company’s stock valued at $37,000 after acquiring an additional 719 shares in the last quarter. 99.87% of the stock is owned by institutional investors.

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.