Versor Investments LP Sells 17,329 Shares of Grocery Outlet Holding Corp. $GO

Versor Investments LP decreased its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 56.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,200 shares of the company’s stock after selling 17,329 shares during the quarter. Versor Investments LP’s holdings in Grocery Outlet were worth $164,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Rip Road Capital Partners LP grew its holdings in shares of Grocery Outlet by 33.9% in the 1st quarter. Rip Road Capital Partners LP now owns 707,900 shares of the company’s stock valued at $9,896,000 after buying an additional 179,300 shares during the period. Inspire Investing LLC bought a new stake in shares of Grocery Outlet in the 1st quarter valued at $345,000. TD Asset Management Inc raised its stake in Grocery Outlet by 113.3% during the 2nd quarter. TD Asset Management Inc now owns 168,452 shares of the company’s stock worth $2,092,000 after buying an additional 89,478 shares during the period. D.A. Davidson & CO. bought a new position in Grocery Outlet during the first quarter worth about $165,000. Finally, Hussman Strategic Advisors Inc. acquired a new position in Grocery Outlet in the first quarter valued at about $881,000. Institutional investors own 99.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on GO shares. UBS Group lowered their price target on Grocery Outlet from $18.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday. Bank of America lowered their target price on Grocery Outlet from $19.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday. Weiss Ratings restated a “sell (d)” rating on shares of Grocery Outlet in a report on Wednesday, October 8th. Craig Hallum upgraded shares of Grocery Outlet from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a report on Wednesday, August 6th. Finally, DA Davidson lowered their price objective on shares of Grocery Outlet from $16.00 to $15.00 and set a “neutral” rating for the company in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $15.73.

Grocery Outlet Stock Performance

NASDAQ GO opened at $12.15 on Friday. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of -243.00, a PEG ratio of 2.02 and a beta of 0.33. The stock’s 50 day moving average price is $15.82 and its two-hundred day moving average price is $15.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.25 and a current ratio of 1.30. Grocery Outlet Holding Corp. has a 52 week low of $10.26 and a 52 week high of $21.67.

Grocery Outlet (NASDAQ:GO) last issued 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. Grocery Outlet had a negative net margin of 0.10% and a positive return on equity of 5.86%. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period last year, the business earned $0.28 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Grocery Outlet has set its FY 2025 guidance at 0.780-0.80 EPS. As a group, analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current fiscal year.

Insider Transactions at Grocery Outlet

In other Grocery Outlet news, EVP Steven K. Wilson sold 5,000 shares of Grocery Outlet stock in a transaction on Friday, August 15th. The shares were sold at an average price of $18.24, for a total value of $91,200.00. Following the sale, the executive vice president directly owned 141,923 shares in the company, valued at approximately $2,588,675.52. The trade was a 3.40% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.50% of the company’s stock.

Grocery Outlet Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.