Grocery Outlet Holding Corp. $GO Shares Sold by SummitTX Capital L.P.

SummitTX Capital L.P. reduced its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 25.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 184,578 shares of the company’s stock after selling 63,093 shares during the period. SummitTX Capital L.P. owned about 0.19% of Grocery Outlet worth $1,301,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Aster Capital Management DIFC Ltd raised its stake in Grocery Outlet by 1,030.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock valued at $26,000 after buying an additional 2,308 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Grocery Outlet during the 4th quarter worth about $35,000. Chicago Partners Investment Group LLC acquired a new position in shares of Grocery Outlet during the 1st quarter worth about $71,000. State of Wyoming boosted its position in shares of Grocery Outlet by 96.9% during the 4th quarter. State of Wyoming now owns 7,886 shares of the company’s stock worth $80,000 after acquiring an additional 3,880 shares in the last quarter. Finally, Bayforest Capital Ltd increased its holdings in shares of Grocery Outlet by 427.0% in the 4th quarter. Bayforest Capital Ltd now owns 9,465 shares of the company’s stock valued at $96,000 after acquiring an additional 7,669 shares during the last quarter. Institutional investors and hedge funds own 99.87% of the company’s stock.

Insiders Place Their Bets

In other news, insider Paul Blaine Miller acquired 5,000 shares of Grocery Outlet stock in a transaction on Thursday, June 25th. The stock was bought at an average price of $9.50 per share, for a total transaction of $47,500.00. Following the completion of the purchase, the insider owned 64,171 shares in the company, valued at $609,624.50. This represents a 8.45% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on GO. Weiss Ratings raised Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research report on Tuesday, July 14th. TD Cowen increased their price target on shares of Grocery Outlet from $6.00 to $8.00 and gave the company a “hold” rating in a research note on Thursday, May 14th. DA Davidson raised 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. Finally, Wells Fargo & Company boosted 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. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Grocery Outlet presently has a consensus rating of “Reduce” and a consensus price target of $10.32.

Grocery Outlet Stock Performance

Shares of GO stock opened at $9.14 on Thursday. The stock’s 50-day moving average is $9.29 and its two-hundred day moving average is $8.62. 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 Holding Corp. has a 1 year low of $5.66 and a 1 year high of $19.41. The firm has a market cap of $904.13 million, a price-to-earnings ratio of -2.36, a PEG ratio of 14.11 and a beta of 0.64.

Grocery Outlet (NASDAQ:GO) last posted its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.03. The business 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 business’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Analysts predict that Grocery Outlet Holding Corp. will post 0.38 earnings per share for the current 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.