Empowered Funds LLC Decreases Stake in Grocery Outlet Holding Corp. $GO

Empowered Funds LLC decreased its stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 15.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 368,990 shares of the company’s stock after selling 66,675 shares during the period. Empowered Funds LLC’s holdings in Grocery Outlet were worth $2,601,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of GO. Aster Capital Management DIFC Ltd grew its position in Grocery Outlet by 1,030.4% during 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 worth about $35,000. Chicago Partners Investment Group LLC purchased a new position in shares of Grocery Outlet in the 1st quarter valued at approximately $71,000. State of Wyoming boosted its holdings 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 valued at $80,000 after buying an additional 3,880 shares in the last quarter. Finally, Bayforest Capital Ltd boosted its stake in Grocery Outlet by 427.0% during the fourth quarter. Bayforest Capital Ltd now owns 9,465 shares of the company’s stock worth $96,000 after acquiring an additional 7,669 shares in the last quarter. Institutional investors own 99.87% of the company’s stock.

Insider Buying and Selling

In other news, insider Paul Blaine Miller bought 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The stock was purchased at an average cost of $9.50 per share, for a total transaction of $47,500.00. Following the purchase, the insider directly owned 64,171 shares in the company, valued at approximately $609,624.50. This trade represents a 8.45% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 5.60% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on GO shares. Wells Fargo & Company upped their target price on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 14th. Weiss Ratings cut Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. DA Davidson lifted their price target on shares of Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a report on Thursday, May 14th. Finally, TD Cowen increased their target price on Grocery Outlet from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, May 14th. Eleven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $10.32.

Grocery Outlet Price Performance

NASDAQ GO opened at $9.99 on Wednesday. The company has a market cap of $988.21 million, a PE ratio of -2.57, a P/E/G ratio of 15.38 and a beta of 0.65. 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 52-week low of $5.66 and a 52-week high of $19.41. The firm’s 50 day moving average price is $9.41 and its 200-day moving average price is $8.62.

Grocery Outlet (NASDAQ:GO) last posted its earnings results on Wednesday, May 13th. The company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03. The company had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. Grocery Outlet’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Sell-side analysts forecast that Grocery Outlet Holding Corp. will post 0.37 EPS for the current fiscal year.

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.