168,000 Shares in Grocery Outlet Holding Corp. $GO Bought by Hussman Strategic Advisors Inc.

Hussman Strategic Advisors Inc. purchased a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 168,000 shares of the company’s stock, valued at approximately $2,696,000. Hussman Strategic Advisors Inc. owned 0.17% of Grocery Outlet as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of GO. Intech Investment Management LLC purchased a new stake in Grocery Outlet in the 2nd quarter worth approximately $3,835,000. Eisler Capital Management Ltd. boosted its position in shares of Grocery Outlet by 178.5% in the second quarter. Eisler Capital Management Ltd. now owns 227,101 shares of the company’s stock worth $2,821,000 after purchasing an additional 145,554 shares during the period. Rice Hall James & Associates LLC increased its stake in shares of Grocery Outlet by 165.1% in the third quarter. Rice Hall James & Associates LLC now owns 315,898 shares of the company’s stock worth $5,070,000 after purchasing an additional 196,737 shares in the last quarter. TD Asset Management Inc lifted its stake in shares of Grocery Outlet by 113.3% during the 2nd quarter. TD Asset Management Inc now owns 168,452 shares of the company’s stock valued at $2,092,000 after buying an additional 89,478 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its holdings in Grocery Outlet by 489.1% in the 2nd quarter. Texas Permanent School Fund Corp now owns 277,471 shares of the company’s stock worth $3,446,000 after buying an additional 230,369 shares during the period. Hedge funds and other institutional investors own 99.87% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. DA Davidson reissued a “neutral” rating and set a $15.00 price target on shares of Grocery Outlet in a report on Thursday, December 4th. Zacks Research cut Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $17.00 price target on shares of Grocery Outlet in a report on Wednesday, December 3rd. Morgan Stanley dropped their price target on Grocery Outlet from $14.00 to $11.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Finally, Deutsche Bank Aktiengesellschaft set a $11.00 price objective on shares of Grocery Outlet in a research report on Thursday, January 8th. Four analysts have rated the stock with a Buy rating, seven have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Grocery Outlet presently has an average rating of “Hold” and a consensus price target of $14.50.

Insider Activity

In related news, EVP Steven K. Wilson sold 25,000 shares of the stock in a transaction dated Friday, November 7th. The shares were sold at an average price of $12.53, for a total value of $313,250.00. Following the completion of the transaction, the executive vice president owned 116,923 shares of the company’s stock, valued at approximately $1,465,045.19. This trade represents a 17.62% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Grocery Outlet Stock Up 2.5%

NASDAQ GO opened at $10.00 on Wednesday. The stock has a 50 day moving average price of $10.28 and a 200-day moving average price of $13.70. Grocery Outlet Holding Corp. has a one year low of $8.96 and a one year high of $19.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.25 and a current ratio of 1.30. The company has a market capitalization of $981.37 million, a P/E ratio of -200.00, a P/E/G ratio of 1.94 and a beta of 0.47.

Grocery Outlet (NASDAQ:GO) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Grocery Outlet had a negative net margin of 0.10% and a positive return on equity of 5.86%. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $0.28 earnings per share. Grocery Outlet’s revenue was up 5.4% on a year-over-year basis. Grocery Outlet has set its FY 2025 guidance at 0.780-0.80 EPS. As a group, equities analysts predict that Grocery Outlet Holding Corp. will post 0.63 EPS for the current fiscal 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.