Dimensional Fund Advisors LP Sells 1,112,406 Shares of Grocery Outlet Holding Corp. $GO

Dimensional Fund Advisors LP decreased its holdings in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 26.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,042,624 shares of the company’s stock after selling 1,112,406 shares during the period. Dimensional Fund Advisors LP’s holdings in Grocery Outlet were worth $21,448,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. UBS Group AG lifted its stake in shares of Grocery Outlet by 87.6% in the 4th quarter. UBS Group AG now owns 2,726,299 shares of the company’s stock valued at $27,536,000 after purchasing an additional 1,272,859 shares during the last quarter. Vanguard Group Inc. increased its position in Grocery Outlet by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock worth $113,685,000 after buying an additional 213,325 shares during the last quarter. CenterBook Partners LP raised its holdings in Grocery Outlet by 262.2% during the fourth quarter. CenterBook Partners LP now owns 645,159 shares of the company’s stock valued at $6,516,000 after buying an additional 467,019 shares in the last quarter. Clearbridge Investments LLC raised its holdings in Grocery Outlet by 6.6% during the fourth quarter. Clearbridge Investments LLC now owns 2,816,721 shares of the company’s stock valued at $28,449,000 after buying an additional 173,308 shares in the last quarter. Finally, Heartland Advisors Inc. lifted its position in shares of Grocery Outlet by 146.3% in the fourth quarter. Heartland Advisors Inc. now owns 682,650 shares of the company’s stock worth $6,895,000 after buying an additional 405,500 shares during the last quarter. Institutional investors own 99.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on GO. Weiss Ratings downgraded Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, July 30th. TD Cowen raised their price objective on Grocery Outlet from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. Wells Fargo & Company boosted their target price on Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. Finally, DA Davidson upped their target price on Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Eleven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $9.65.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, insider Paul Blaine Miller acquired 5,000 shares of Grocery Outlet stock in a transaction dated Thursday, June 25th. The stock was bought at an average cost of $9.50 per share, with a total value of $47,500.00. Following the completion of the transaction, the insider owned 64,171 shares of the company’s stock, valued at $609,624.50. The trade was a 8.45% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Grocery Outlet Trading Down 1.7%

Shares of NASDAQ:GO opened at $9.69 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.27 and a current ratio of 1.28. The stock’s 50-day moving average is $9.46 and its 200-day moving average is $8.62. The company has a market cap of $958.53 million, a P/E ratio of -2.50, a P/E/G ratio of 15.55 and a beta of 0.65. Grocery Outlet Holding Corp. has a 52-week low of $5.66 and a 52-week high of $19.41.

Grocery Outlet (NASDAQ:GO) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, topping 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 business had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm earned $0.13 EPS. The firm’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. Equities research analysts predict that Grocery Outlet Holding Corp. will post 0.37 earnings per share for the current year.

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.