Mutual of America Capital Management LLC Has $156,000 Stock Holdings in Grocery Outlet Holding Corp. $GO

Mutual of America Capital Management LLC lessened its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO) by 11.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,594 shares of the company’s stock after selling 1,551 shares during the period. Mutual of America Capital Management LLC’s holdings in Grocery Outlet were worth $156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC raised its holdings in shares of Grocery Outlet by 213.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,025 shares of the company’s stock worth $25,000 after acquiring an additional 1,379 shares during the last quarter. US Bancorp DE raised its stake in shares of Grocery Outlet by 64.2% in the first quarter. US Bancorp DE now owns 3,024 shares of the company’s stock worth $42,000 after purchasing an additional 1,182 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Grocery Outlet by 236.0% in the first quarter. GAMMA Investing LLC now owns 5,188 shares of the company’s stock worth $73,000 after purchasing an additional 3,644 shares during the last quarter. Quarry LP purchased a new stake in shares of Grocery Outlet in the first quarter worth approximately $111,000. Finally, Blair William & Co. IL purchased a new stake in shares of Grocery Outlet in the first quarter worth approximately $140,000. Institutional investors and hedge funds own 99.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Telsey Advisory Group raised Grocery Outlet from a “market perform” rating to an “outperform” rating and increased their price target for the company from $16.00 to $20.00 in a research report on Wednesday, October 1st. Morgan Stanley upgraded shares of Grocery Outlet from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $13.00 to $16.00 in a report on Wednesday, August 6th. Craig Hallum upgraded shares of Grocery Outlet from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a report on Wednesday, August 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Grocery Outlet in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Grocery Outlet from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $16.27.

Grocery Outlet Trading Down 4.7%

Shares of GO opened at $13.66 on Friday. Grocery Outlet Holding Corp. has a 1-year low of $10.26 and a 1-year high of $21.67. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 195.17, a PEG ratio of 3.03 and a beta of 0.29. The company has a current ratio of 1.21, a quick ratio of 0.25 and a debt-to-equity ratio of 0.38. The firm’s 50-day moving average price is $16.45 and its 200-day moving average price is $15.20.

Grocery Outlet (NASDAQ:GO) last posted its quarterly earnings data on Tuesday, August 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. Grocery Outlet had a net margin of 0.18% and a return on equity of 6.34%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. Grocery Outlet’s quarterly 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. Sell-side analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 EPS for the current year.

Insider Transactions at Grocery Outlet

In other news, EVP Steven K. Wilson sold 20,000 shares of the company’s stock in a transaction on Friday, August 8th. The stock was sold at an average price of $19.20, for a total transaction of $384,000.00. Following the transaction, the executive vice president directly owned 146,923 shares of the company’s stock, valued at $2,820,921.60. This represents a 11.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 4.50% of the company’s stock.

Grocery Outlet Company 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.