Grocery Outlet (NASDAQ:GO) Director Erik Ragatz Purchases 125,000 Shares

Grocery Outlet Holding Corp. (NASDAQ:GO) Director Erik Ragatz bought 125,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 11th. The shares were bought at an average price of $6.00 per share, for a total transaction of $750,000.00. Following the acquisition, the director directly owned 326,500 shares of the company’s stock, valued at $1,959,000. This represents a 62.03% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Grocery Outlet Stock Up 3.4%

GO stock traded up $0.21 during mid-day trading on Friday, reaching $6.29. The company had a trading volume of 1,207,401 shares, compared to its average volume of 3,190,469. The company has a market capitalization of $616.87 million, a price-to-earnings ratio of -2.75, a PEG ratio of 1.22 and a beta of 0.50. Grocery Outlet Holding Corp. has a 52 week low of $5.66 and a 52 week high of $19.41. The stock has a 50 day simple moving average of $9.33 and a two-hundred day simple moving average of $12.28. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.37 and a quick ratio of 0.32.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings data on Wednesday, March 4th. The company reported $0.19 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Grocery Outlet had a positive return on equity of 5.93% and a negative net margin of 4.80%.The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the company earned $0.15 EPS. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. As a group, equities analysts predict that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on GO. UBS Group restated a “neutral” rating and set a $11.50 price objective on shares of Grocery Outlet in a research note on Thursday, December 18th. Jefferies Financial Group reiterated a “hold” rating and issued a $7.00 target price (down from $18.00) on shares of Grocery Outlet in a research note on Thursday, March 5th. Deutsche Bank Aktiengesellschaft set a $11.00 price target on Grocery Outlet in a research report on Thursday, January 8th. Craig Hallum lowered Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Finally, Morgan Stanley cut their price objective on Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating for the company in a research 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. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $10.68.

Institutional Trading of Grocery Outlet

Hedge funds and other institutional investors have recently modified their holdings of the stock. T. Rowe Price Investment Management Inc. raised its holdings in Grocery Outlet by 54.0% in 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 acquiring an additional 5,528,722 shares during the period. Millennium Management LLC boosted its holdings in shares of Grocery Outlet by 3,558.0% during the third quarter. Millennium Management LLC now owns 1,825,407 shares of the company’s stock worth $29,298,000 after acquiring an additional 1,775,505 shares during the period. UBS Group AG grew its position in shares of Grocery Outlet by 87.6% in the fourth quarter. UBS Group AG now owns 2,726,299 shares of the company’s stock valued at $27,536,000 after purchasing an additional 1,272,859 shares during the last quarter. Boston Partners increased its stake in shares of Grocery Outlet by 219.7% during the third quarter. Boston Partners now owns 1,462,633 shares of the company’s stock worth $23,475,000 after purchasing an additional 1,005,126 shares during the period. Finally, Invesco Ltd. increased its stake in shares of Grocery Outlet by 106.5% during the fourth quarter. Invesco Ltd. now owns 1,914,410 shares of the company’s stock worth $19,336,000 after purchasing an additional 987,367 shares during the period. Institutional investors own 99.87% of the company’s stock.

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.