Heartland Advisors Inc. Has $6.90 Million Position in Grocery Outlet Holding Corp. $GO

Heartland Advisors Inc. lifted its stake in Grocery Outlet Holding Corp. (NASDAQ:GO) by 146.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 682,650 shares of the company’s stock after purchasing an additional 405,500 shares during the quarter. Heartland Advisors Inc.’s holdings in Grocery Outlet were worth $6,895,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Deutsche Bank AG increased its holdings in shares of Grocery Outlet by 1.5% in the fourth quarter. Deutsche Bank AG now owns 195,863 shares of the company’s stock valued at $1,978,000 after purchasing an additional 2,885 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Grocery Outlet by 93.9% in the fourth quarter. Franklin Resources Inc. now owns 29,309 shares of the company’s stock valued at $296,000 after purchasing an additional 14,195 shares in the last quarter. CenterBook Partners LP increased its holdings in shares of Grocery Outlet by 262.2% in the fourth quarter. CenterBook Partners LP now owns 645,159 shares of the company’s stock valued at $6,516,000 after purchasing an additional 467,019 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of Grocery Outlet by 6.6% in the fourth quarter. Clearbridge Investments LLC now owns 2,816,721 shares of the company’s stock valued at $28,449,000 after purchasing an additional 173,308 shares in the last quarter. Finally, State of Wyoming increased its holdings in shares of Grocery Outlet by 96.9% in the fourth quarter. State of Wyoming now owns 7,886 shares of the company’s stock valued at $80,000 after purchasing an additional 3,880 shares in the last quarter. Institutional investors and hedge funds own 99.87% of the company’s stock.

Wall Street Analysts Forecast Growth

GO has been the subject of a number of research reports. DA Davidson raised their price target on shares of Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Wells Fargo & Company boosted their price target on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Morgan Stanley dropped their price target on shares of Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, March 5th. Craig Hallum downgraded shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings raised shares of Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research note on Friday, June 5th. Eleven research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus price target of $10.32.

Grocery Outlet Trading Up 4.2%

GO opened at $9.24 on Thursday. The company has a market cap of $914.02 million, a price-to-earnings ratio of -2.38, a price-to-earnings-growth ratio of 13.73 and a beta of 0.67. The firm has a 50 day simple moving average of $7.83 and a 200 day simple moving average of $8.83. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.27. Grocery Outlet Holding Corp. has a fifty-two week low of $5.66 and a fifty-two week high of $19.41.

Grocery Outlet (NASDAQ:GO) last issued its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.13 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, sell-side analysts anticipate that Grocery Outlet Holding Corp. will post 0.38 earnings per share for the current year.

Insider Activity at Grocery Outlet

In related news, EVP Steven K. Wilson sold 4,721 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $6.06, for a total transaction of $28,609.26. Following the completion of the transaction, the executive vice president owned 120,171 shares in the company, valued at approximately $728,236.26. The trade was a 3.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Erik D. Ragatz acquired 100,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were purchased at an average price of $6.09 per share, with a total value of $609,000.00. Following the acquisition, the director owned 426,500 shares of the company’s stock, valued at approximately $2,597,385. This trade represents a 30.63% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders bought 598,905 shares of company stock worth $3,594,147. 4.50% of the stock is currently owned by company insiders.

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.