Grocery Outlet Holding Corp. $GO Holdings Decreased by Corient Private Wealth LLC

Corient Private Wealth LLC lowered its stake in Grocery Outlet Holding Corp. (NASDAQ:GO) by 62.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 46,067 shares of the company’s stock after selling 76,771 shares during the quarter. Corient Private Wealth LLC’s holdings in Grocery Outlet were worth $465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. increased its stake in Grocery Outlet by 54.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company’s stock valued at $159,216,000 after buying an additional 5,528,722 shares during the period. Vanguard Group Inc. increased its stake in shares of Grocery Outlet by 1.9% during the fourth quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock valued at $113,685,000 after acquiring an additional 213,325 shares during the period. Mackenzie Financial Corp raised its holdings in Grocery Outlet by 0.5% during the fourth quarter. Mackenzie Financial Corp now owns 4,709,721 shares of the company’s stock worth $47,757,000 after purchasing an additional 22,418 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Grocery Outlet by 5.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,619,851 shares of the company’s stock worth $74,149,000 after purchasing an additional 221,693 shares during the period. Finally, Marshall Wace LLP lifted its position in Grocery Outlet by 0.5% in the third quarter. Marshall Wace LLP now owns 4,577,371 shares of the company’s stock worth $73,467,000 after purchasing an additional 20,819 shares during the period. Institutional investors own 99.87% of the company’s stock.

Grocery Outlet Stock Performance

Grocery Outlet stock opened at $10.39 on Monday. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of -2.68, a price-to-earnings-growth ratio of 16.08 and a beta of 0.64. Grocery Outlet Holding Corp. has a 1 year low of $5.66 and a 1 year high of $19.41. The firm’s 50 day moving average price is $8.66 and its two-hundred day moving average price is $8.67. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.27 and a current ratio of 1.28.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. Grocery Outlet had a positive return on equity of 5.69% and a negative net margin of 8.08%.The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.13 EPS. 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 0.38 EPS for the current fiscal year.

Insider Activity at Grocery Outlet

In related news, insider Paul Blaine Miller bought 5,000 shares of Grocery Outlet stock in a transaction dated Thursday, June 25th. The stock was acquired at an average cost of $9.50 per share, with a total value of $47,500.00. Following the completion of the acquisition, the insider directly owned 64,171 shares in the company, valued at approximately $609,624.50. This trade represents a 8.45% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

GO has been the topic of several research analyst reports. Weiss Ratings cut Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. TD Cowen upped their price objective on Grocery Outlet from $6.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, May 14th. Wells Fargo & Company raised their target price on Grocery Outlet from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Finally, DA Davidson boosted their price target on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Eleven equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $10.32.

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.