Hussman Strategic Advisors Inc. Takes $2.70 Million Position in Grocery Outlet Holding Corp. $GO

Hussman Strategic Advisors Inc. purchased a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) during the 3rd quarter, Holdings Channel reports. The fund purchased 168,000 shares of the company’s stock, valued at approximately $2,696,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Marshall Wace LLP increased its position in Grocery Outlet by 0.9% during the second quarter. Marshall Wace LLP now owns 4,556,552 shares of the company’s stock valued at $56,592,000 after acquiring an additional 40,977 shares during the last quarter. Geode Capital Management LLC grew its holdings in Grocery Outlet by 41.7% during the 2nd quarter. Geode Capital Management LLC now owns 2,390,051 shares of the company’s stock valued at $29,688,000 after purchasing an additional 702,807 shares during the last quarter. First Trust Advisors LP raised its position in Grocery Outlet by 13.7% in the 2nd quarter. First Trust Advisors LP now owns 700,993 shares of the company’s stock worth $8,706,000 after purchasing an additional 84,603 shares during the period. BNP Paribas Financial Markets raised its position in Grocery Outlet by 375.2% in the 2nd quarter. BNP Paribas Financial Markets now owns 669,130 shares of the company’s stock worth $8,311,000 after purchasing an additional 528,322 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Grocery Outlet by 7.4% in the second quarter. Bank of New York Mellon Corp now owns 642,806 shares of the company’s stock worth $7,984,000 after purchasing an additional 44,427 shares during the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Grocery Outlet

In other Grocery Outlet news, EVP Steven K. Wilson sold 25,000 shares of the stock in a transaction on Friday, November 7th. The stock was sold at an average price of $12.53, for a total transaction of $313,250.00. Following the sale, 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 can be accessed through this hyperlink. Company insiders own 4.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on GO shares. Deutsche Bank Aktiengesellschaft set a $11.00 price target on Grocery Outlet in a report on Thursday, January 8th. UBS Group reissued a “neutral” rating and set a $11.50 target price on shares of Grocery Outlet in a research note on Thursday, December 18th. TD Cowen cut their price target on shares of Grocery Outlet from $18.00 to $16.00 and set a “hold” rating on the stock in a report on Wednesday, November 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Grocery Outlet in a report on Thursday, January 22nd. Finally, Bank of America dropped their target price on shares of Grocery Outlet from $19.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 5th. Four investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, Grocery Outlet currently has a consensus rating of “Hold” and an average price target of $14.50.

Grocery Outlet Trading Up 2.5%

NASDAQ GO opened at $10.00 on Wednesday. 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 price-to-earnings ratio of -200.00, a price-to-earnings-growth ratio of 1.94 and a beta of 0.47. The company’s 50-day simple moving average is $10.28 and its two-hundred day simple moving average is $13.70.

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