Glenmede Trust Co. NA Has $7.54 Million Stake in Grocery Outlet Holding Corp. $GO

Glenmede Trust Co. NA reduced its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO) by 7.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,070,074 shares of the company’s stock after selling 91,248 shares during the quarter. Glenmede Trust Co. NA’s holdings in Grocery Outlet were worth $7,544,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd increased its position in shares of 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 acquiring an additional 2,308 shares during the last quarter. Kestra Advisory Services LLC bought a new position in Grocery Outlet in the fourth quarter valued at approximately $35,000. Chicago Partners Investment Group LLC acquired a new position in shares of Grocery Outlet during the 1st quarter worth approximately $71,000. State of Wyoming raised its stake 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 purchasing an additional 3,880 shares in the last quarter. Finally, Bayforest Capital Ltd boosted 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 buying an additional 7,669 shares during the last quarter. 99.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on GO. Weiss Ratings downgraded shares of Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday. DA Davidson increased their price target on shares of Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company lifted their price objective on shares of Grocery Outlet from $7.00 to $9.00 and gave the company an “equal weight” rating in a research report on Thursday, May 14th. Finally, TD Cowen boosted their price objective on shares of Grocery Outlet from $6.00 to $8.00 and gave the stock a “hold” rating in a research note 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus price target of $10.32.

Grocery Outlet Price Performance

NASDAQ:GO opened at $9.75 on Tuesday. Grocery Outlet Holding Corp. has a 12-month low of $5.66 and a 12-month high of $19.41. The firm has a market capitalization of $964.47 million, a price-to-earnings ratio of -2.51, a P/E/G ratio of 14.50 and a beta of 0.65. The stock’s 50 day moving average price is $9.37 and its two-hundred day moving average price is $8.62. The company has a quick ratio of 0.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.59.

Grocery Outlet (NASDAQ:GO) last issued its earnings results on Wednesday, May 13th. The company reported $0.05 EPS for the quarter, topping the consensus estimate 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 firm’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.13 EPS. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, analysts anticipate that Grocery Outlet Holding Corp. will post 0.37 earnings per share for the current year.

Insider Transactions at Grocery Outlet

In related news, insider Paul Blaine Miller acquired 5,000 shares of Grocery Outlet stock in a transaction on Thursday, June 25th. The stock was purchased at an average cost of $9.50 per share, with a total value of $47,500.00. Following the completion of the transaction, the insider directly owned 64,171 shares in the company, valued at $609,624.50. This trade represents a 8.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 5.60% of the stock is owned by corporate insiders.

Grocery Outlet Company 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.