Boothbay Fund Management LLC Acquires 241,936 Shares of Grocery Outlet Holding Corp. $GO

Boothbay Fund Management LLC increased its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO) by 562.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 284,979 shares of the company’s stock after purchasing an additional 241,936 shares during the period. Boothbay Fund Management LLC owned approximately 0.29% of Grocery Outlet worth $4,574,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Bayforest Capital Ltd acquired a new stake in Grocery Outlet during the third quarter valued at approximately $29,000. Hantz Financial Services Inc. raised its holdings in shares of Grocery Outlet by 591.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,033 shares of the company’s stock worth $33,000 after buying an additional 1,739 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Grocery Outlet by 32.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company’s stock worth $37,000 after buying an additional 719 shares during the period. Ameritas Investment Partners Inc. bought a new position in shares of Grocery Outlet during the 2nd quarter worth approximately $120,000. Finally, Tower Research Capital LLC TRC boosted its stake in Grocery Outlet by 189.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,664 shares of the company’s stock valued at $132,000 after buying an additional 6,975 shares in the last quarter. Institutional investors own 99.87% of the company’s stock.

More Grocery Outlet News

Here are the key news stories impacting Grocery Outlet this week:

• Positive Sentiment: Company directors bought sizable blocks of stock in the last few days, which can be read as a signal of insider confidence: Director Erik Ragatz purchased 125,000 shares at an average $6.00. Insider Buying: Grocery Outlet (NASDAQ:GO) Director Purchases 125,000 Shares of Stock
• Positive Sentiment: Additional insider buys this week: Director Carey Jaros bought 40,000 shares at about $6.26 and director Jeffrey York bought 120,000 shares at about $5.82 — more insider accumulation that likely supported the intraday rally. Director Purchases / Insider Filings
• Neutral Sentiment: Large institutional holders remain dominant (T. Rowe Price, Vanguard among the largest owners), which can stabilize trading but also concentrate downside if institutions sell. See the MarketBeat company page for institutional holdings and analyst consensus. Grocery Outlet (GO) — MarketBeat
• Negative Sentiment: Multiple law firms (Holzer & Holzer, Pomerantz, Glancy Prongay Wolke & Rotter, The Law Offices of Frank R. Cruz) have launched securities‑fraud investigations tied to the company’s March 4 quarter results; such probes increase legal uncertainty and headline risk. Holzer & Holzer Investigation Notice
• Negative Sentiment: The company reported a large operating loss for the fiscal year that included significant non‑cash charges (long‑lived asset impairments, restructuring charges and goodwill impairment). Those items materially depressed earnings and sparked the investigations and the prior selloff. Details on Impairments (Holzer & Holzer)
• Negative Sentiment: Analysts have trimmed ratings and price targets in recent weeks (several “hold/market perform” or “sell” views and lower targets), reinforcing downside pressure until clarity on results and legal exposure improves. Analyst notes and consensus (MarketBeat)

Insider Transactions at Grocery Outlet

In other Grocery Outlet news, Director Jeffrey York bought 120,000 shares of the business’s stock in a transaction on Monday, March 9th. The shares were bought at an average cost of $5.82 per share, for a total transaction of $698,400.00. Following the transaction, the director owned 120,000 shares in the company, valued at approximately $698,400. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher M. Miller sold 5,024 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $5.84, for a total transaction of $29,340.16. Following the completion of the transaction, the executive vice president directly owned 38,675 shares in the company, valued at $225,862. This trade represents a 11.50% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders acquired 301,000 shares of company stock valued at $1,802,160 and sold 81,347 shares valued at $475,066. Company insiders own 4.50% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on GO. Wells Fargo & Company lowered their price target on Grocery Outlet from $10.50 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 5th. TD Cowen reissued a “hold” rating on shares of Grocery Outlet in a report on Thursday, March 5th. UBS Group restated a “neutral” rating and issued a $11.50 target price on shares of Grocery Outlet in a research note on Thursday, December 18th. Craig Hallum lowered shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Deutsche Bank Aktiengesellschaft set a $11.00 target price on shares of Grocery Outlet in a research report on Thursday, January 8th. Eleven equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce” and an average target price of $10.68.

Grocery Outlet Stock Up 5.3%

NASDAQ:GO opened at $6.40 on Monday. The company has a market cap of $628.16 million, a price-to-earnings ratio of -2.79, a P/E/G ratio of 1.84 and a beta of 0.50. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.32 and a current ratio of 1.37. The stock’s fifty day moving average price is $9.25 and its two-hundred day moving average price is $12.11. Grocery Outlet Holding Corp. has a 52-week low of $5.66 and a 52-week high of $19.41.

Grocery Outlet (NASDAQ:GO) last released its earnings results on Wednesday, March 4th. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.02). The firm had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Grocery Outlet had a negative net margin of 4.80% and a positive return on equity of 5.93%. The firm’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.15 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 EPS for the current year.

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.