Van Berkom & Associates Inc. Boosts Holdings in Grocery Outlet Holding Corp. $GO
by Teresa Graham · The Cerbat GemVan Berkom & Associates Inc. grew its position in Grocery Outlet Holding Corp. (NASDAQ:GO – Free Report) by 2.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,836,651 shares of the company’s stock after purchasing an additional 79,629 shares during the period. Van Berkom & Associates Inc.’s holdings in Grocery Outlet were worth $38,750,000 at the end of the most recent quarter.
Several other hedge funds have also made changes to their positions in GO. Royal Bank of Canada grew its stake in shares of Grocery Outlet by 5.8% in the 1st quarter. Royal Bank of Canada now owns 122,565 shares of the company’s stock valued at $1,713,000 after buying an additional 6,736 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in shares of Grocery Outlet by 14.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 357,856 shares of the company’s stock valued at $5,003,000 after buying an additional 44,214 shares during the period. Creative Planning grew its stake in shares of Grocery Outlet by 25.4% in the 2nd quarter. Creative Planning now owns 16,104 shares of the company’s stock valued at $200,000 after buying an additional 3,263 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Grocery Outlet by 13.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 220,432 shares of the company’s stock valued at $2,738,000 after buying an additional 26,725 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in shares of Grocery Outlet in the 2nd quarter valued at approximately $149,000. Hedge funds and other institutional investors own 99.87% of the company’s stock.
Insider Buying and Selling at Grocery Outlet
In other Grocery Outlet news, Director Erik D. Ragatz purchased 125,000 shares of the firm’s stock in a transaction on Wednesday, March 11th. The stock was bought at an average price of $6.00 per share, with a total value of $750,000.00. Following the transaction, the director directly owned 326,500 shares of the company’s stock, valued at approximately $1,959,000. This represents a 62.03% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Carey F. Jaros purchased 40,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average cost of $6.26 per share, with a total value of $250,400.00. Following the transaction, the director directly owned 76,066 shares in the company, valued at $476,173.16. This trade represents a 110.91% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders purchased 899,905 shares of company stock worth $5,396,307 and sold 89,493 shares worth $524,431. Company insiders own 4.50% of the company’s stock.
Analyst Ratings Changes
Several research firms have recently weighed in on GO. TD Cowen reissued a “hold” rating on shares of Grocery Outlet in a research note on Thursday, March 5th. Weiss Ratings upgraded shares of Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday. Jefferies Financial Group restated a “hold” rating and issued a $7.00 price objective (down from $18.00) on shares of Grocery Outlet in a report on Thursday, March 5th. Craig Hallum lowered shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, DA Davidson set a $8.00 price objective on shares of Grocery Outlet in a report on Thursday, March 5th. Eleven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $10.68.
Check Out Our Latest Research Report on Grocery Outlet
Grocery Outlet Stock Performance
Shares of GO stock opened at $7.96 on Tuesday. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. Grocery Outlet Holding Corp. has a 52 week low of $5.66 and a 52 week high of $19.41. The stock has a market capitalization of $787.40 million, a PE ratio of -3.48, a P/E/G ratio of 2.45 and a beta of 0.66. The firm has a 50 day moving average of $7.43 and a two-hundred day moving average of $9.80.
Grocery Outlet (NASDAQ:GO – Get Free Report) last issued its quarterly 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). Grocery Outlet had a negative net margin of 4.80% and a positive return on equity of 5.93%. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the prior year, the business earned $0.15 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, research analysts predict that Grocery Outlet Holding Corp. will post 0.37 EPS for the current fiscal year.
About Grocery Outlet
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.
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