Fox Run Management L.L.C. Invests $185,000 in Grocery Outlet Holding Corp. $GO

Fox Run Management L.L.C. purchased a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 14,929 shares of the company’s stock, valued at approximately $185,000.

A number of other hedge funds also recently added to or reduced their stakes in GO. Parallel Advisors LLC increased its holdings in shares of Grocery Outlet by 213.5% in the 2nd quarter. Parallel Advisors LLC now owns 2,025 shares of the company’s stock worth $25,000 after purchasing an additional 1,379 shares in the last quarter. US Bancorp DE increased its holdings in Grocery Outlet by 64.2% in the 1st quarter. US Bancorp DE now owns 3,024 shares of the company’s stock worth $42,000 after buying an additional 1,182 shares in the last quarter. AlphaQuest LLC raised its position in Grocery Outlet by 327.7% in the 2nd quarter. AlphaQuest LLC now owns 5,761 shares of the company’s stock worth $72,000 after buying an additional 4,414 shares during the last quarter. Quarry LP bought a new position in Grocery Outlet during the 1st quarter valued at about $111,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Grocery Outlet by 92.0% during the 2nd quarter. GAMMA Investing LLC now owns 9,959 shares of the company’s stock valued at $124,000 after acquiring an additional 4,771 shares during the last quarter. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Grocery Outlet Stock Performance

NASDAQ:GO opened at $11.25 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.25 and a current ratio of 1.30. The stock has a 50-day simple moving average of $15.14 and a two-hundred day simple moving average of $14.98. The firm has a market capitalization of $1.10 billion, a PE ratio of -225.00, a P/E/G ratio of 1.79 and a beta of 0.33. 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 announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.02. Grocery Outlet had a positive return on equity of 5.86% and a negative net margin of 0.10%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the previous year, the company posted $0.28 EPS. The firm’s 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. Analysts forecast that Grocery Outlet Holding Corp. will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GO. Telsey Advisory Group cut shares of Grocery Outlet from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 5th. Morgan Stanley raised Grocery Outlet from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $13.00 to $16.00 in a report on Wednesday, August 6th. DA Davidson cut their price objective on Grocery Outlet from $16.00 to $15.00 and set a “neutral” rating for the company in a report on Wednesday, November 5th. UBS Group lowered their target price on Grocery Outlet from $18.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 5th. Finally, Craig Hallum upgraded Grocery Outlet from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Wednesday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Grocery Outlet presently has a consensus rating of “Hold” and a consensus price target of $15.73.

Insider Activity at Grocery Outlet

In related news, EVP Steven K. Wilson sold 25,000 shares of Grocery Outlet stock in a transaction on Friday, November 7th. The shares were sold at an average price of $12.53, for a total transaction of $313,250.00. Following the transaction, the executive vice president owned 116,923 shares in the company, valued at approximately $1,465,045.19. The trade was a 17.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.50% of the stock is owned by insiders.

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.