Grocery Outlet Holding Corp. $GO Shares Sold by SummitTX Capital L.P.

SummitTX Capital L.P. trimmed its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO) by 25.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 184,578 shares of the company’s stock after selling 63,093 shares during the period. SummitTX Capital L.P.’s holdings in Grocery Outlet were worth $1,301,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in GO. T. Rowe Price Investment Management Inc. grew its holdings in shares of 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 worth $159,216,000 after buying an additional 5,528,722 shares during the last quarter. Vanguard Group Inc. raised its stake in Grocery Outlet by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock valued at $113,685,000 after acquiring an additional 213,325 shares during the last quarter. Mackenzie Financial Corp raised its stake in Grocery Outlet by 0.5% during the 4th quarter. Mackenzie Financial Corp now owns 4,709,721 shares of the company’s stock valued at $47,757,000 after acquiring an additional 22,418 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Grocery Outlet by 5.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 4,619,851 shares of the company’s stock valued at $74,149,000 after acquiring an additional 221,693 shares during the last quarter. Finally, Marshall Wace LLP lifted its position in Grocery Outlet by 0.5% during the 3rd quarter. Marshall Wace LLP now owns 4,577,371 shares of the company’s stock worth $73,467,000 after acquiring an additional 20,819 shares during the period. Institutional investors and hedge funds own 99.87% of the company’s stock.

Analyst Ratings Changes

GO has been the topic of several analyst reports. Weiss Ratings upgraded Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research note on Tuesday, July 14th. DA Davidson increased their price target on Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. 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 report on Thursday, May 14th. Finally, TD Cowen lifted their price objective on shares of Grocery Outlet from $6.00 to $8.00 and gave the company a “hold” 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 stock. According to MarketBeat, Grocery Outlet presently has an average rating of “Reduce” and an average price target of $10.32.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, insider Paul Blaine Miller acquired 5,000 shares of the company’s stock in a transaction that occurred on Thursday, June 25th. The shares were purchased at an average price of $9.50 per share, with a total value of $47,500.00. Following the completion of the acquisition, the insider directly owned 64,171 shares of the company’s stock, valued at approximately $609,624.50. The trade was a 8.45% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Grocery Outlet Price Performance

Shares of NASDAQ:GO opened at $9.14 on Thursday. 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 company has a market cap of $904.13 million, a P/E ratio of -2.36, a PEG ratio of 14.11 and a beta of 0.64. Grocery Outlet Holding Corp. has a 52 week low of $5.66 and a 52 week high of $19.41. The company has a 50-day moving average price of $9.29 and a 200 day moving average price of $8.62.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.13 EPS. The firm’s revenue for the quarter 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. Research analysts predict that Grocery Outlet Holding Corp. will post 0.38 earnings per share for the current year.

Grocery Outlet Company 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.