Bastion Asset Management Inc. Takes $525,000 Position in Grocery Outlet Holding Corp. $GO

Bastion Asset Management Inc. acquired a new stake in Grocery Outlet Holding Corp. (NASDAQ:GO) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 74,596 shares of the company’s stock, valued at approximately $525,000. Bastion Asset Management Inc. owned about 0.08% of Grocery Outlet as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund lifted its stake in shares of Grocery Outlet by 49.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 79,829 shares of the company’s stock valued at $563,000 after purchasing an additional 26,370 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Grocery Outlet by 2.0% during the 1st quarter. Principal Financial Group Inc. now owns 476,889 shares of the company’s stock worth $3,362,000 after purchasing an additional 9,288 shares during the last quarter. Chicago Partners Investment Group LLC acquired a new stake in shares of Grocery Outlet during the 1st quarter worth about $71,000. Fifth Third Bancorp raised its holdings in Grocery Outlet by 10,057.4% in the 1st quarter. Fifth Third Bancorp now owns 15,033 shares of the company’s stock valued at $106,000 after buying an additional 14,885 shares during the period. Finally, Abel Hall LLC purchased a new stake in Grocery Outlet in the 1st quarter valued at about $121,000. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Grocery Outlet Price Performance

GO opened at $9.58 on Friday. The stock’s 50-day moving average price is $9.04 and its 200 day moving average price is $8.66. Grocery Outlet Holding Corp. has a 12-month low of $5.66 and a 12-month high of $19.41. The company has a current ratio of 1.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. The firm has a market cap of $947.65 million, a price-to-earnings ratio of -2.47, a PEG ratio of 14.99 and a beta of 0.64.

Grocery Outlet (NASDAQ:GO) last announced its earnings results 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 analysts’ expectations of $1.15 billion. Grocery Outlet had a positive return on equity of 5.69% and a negative net margin of 8.08%.Grocery Outlet’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the business posted $0.13 EPS. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. As a group, sell-side analysts expect that Grocery Outlet Holding Corp. will post 0.38 earnings per share for the current year.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, insider Paul Blaine Miller acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average price of $9.37 per share, for a total transaction of $93,700.00. Following the completion of the acquisition, the insider owned 59,171 shares of the company’s stock, valued at approximately $554,432.27. This trade represents a 20.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on GO shares. Weiss Ratings upgraded shares of Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday. DA Davidson upped their price objective on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Wells Fargo & Company increased their price objective on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Finally, TD Cowen lifted their target price on shares of Grocery Outlet from $6.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, May 14th. Eleven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Grocery Outlet currently has a consensus 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.