Swiss National Bank Sells 4,700 Shares of Grocery Outlet Holding Corp. $GO

Swiss National Bank lessened its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO) by 2.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 188,100 shares of the company’s stock after selling 4,700 shares during the quarter. Swiss National Bank owned 0.19% of Grocery Outlet worth $2,630,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in shares of Grocery Outlet by 64.2% during the 1st quarter. US Bancorp DE now owns 3,024 shares of the company’s stock worth $42,000 after acquiring an additional 1,182 shares during the period. Integrated Wealth Concepts LLC increased its stake in Grocery Outlet by 9.6% in the fourth quarter. Integrated Wealth Concepts LLC now owns 15,671 shares of the company’s stock valued at $245,000 after acquiring an additional 1,377 shares during the period. Guggenheim Capital LLC raised its position in Grocery Outlet by 9.1% in the fourth quarter. Guggenheim Capital LLC now owns 16,955 shares of the company’s stock worth $265,000 after purchasing an additional 1,408 shares in the last quarter. Red Spruce Capital LLC raised its position in Grocery Outlet by 1.6% in the first quarter. Red Spruce Capital LLC now owns 132,968 shares of the company’s stock worth $1,859,000 after purchasing an additional 2,044 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its stake in Grocery Outlet by 81.1% during the fourth quarter. Canada Pension Plan Investment Board now owns 6,700 shares of the company’s stock worth $105,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 99.87% of the company’s stock.

Insider Buying and Selling at Grocery Outlet

In related news, EVP Steven K. Wilson sold 5,000 shares of Grocery Outlet stock in a transaction dated Friday, August 15th. The stock was sold at an average price of $18.24, for a total value of $91,200.00. Following the completion of the transaction, the executive vice president directly owned 141,923 shares of the company’s stock, valued at $2,588,675.52. The trade was a 3.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.50% of the company’s stock.

Grocery Outlet Stock Performance

NASDAQ:GO opened at $18.63 on Friday. The stock has a market capitalization of $1.83 billion, a P/E ratio of 266.18, a price-to-earnings-growth ratio of 4.03 and a beta of 0.27. The company has a current ratio of 1.21, a quick ratio of 0.25 and a debt-to-equity ratio of 0.38. Grocery Outlet Holding Corp. has a 1 year low of $10.26 and a 1 year high of $21.67. The firm has a 50 day moving average of $14.61 and a 200-day moving average of $14.37.

Grocery Outlet (NASDAQ:GO) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. Grocery Outlet had a return on equity of 6.34% and a net margin of 0.18%.The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.20 billion. During the same period last year, the firm posted $0.25 EPS. The business’s revenue was up 4.5% on a year-over-year basis. Grocery Outlet has set its FY 2025 guidance at 0.750-0.800 EPS. As a group, sell-side analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on GO. Wells Fargo & Company upped their price objective on Grocery Outlet from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. UBS Group boosted their price target on Grocery Outlet from $14.50 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 7th. Craig Hallum upgraded Grocery Outlet from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Wednesday, August 6th. Telsey Advisory Group reiterated a “market perform” rating and set a $16.00 price objective on shares of Grocery Outlet in a research note on Wednesday, August 6th. Finally, Morgan Stanley raised Grocery Outlet from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $13.00 to $16.00 in a report on Wednesday, August 6th. Three analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.08.

Grocery Outlet Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.