Intech Investment Management LLC Sells 267,627 Shares of Grocery Outlet Holding Corp. $GO

Intech Investment Management LLC trimmed its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO) by 86.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,187 shares of the company’s stock after selling 267,627 shares during the quarter. Intech Investment Management LLC’s holdings in Grocery Outlet were worth $661,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GO. PNC Financial Services Group Inc. boosted its position in shares of Grocery Outlet by 32.3% during the second quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company’s stock worth $37,000 after acquiring an additional 719 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in Grocery Outlet by 1.0% during the second quarter. Thrivent Financial for Lutherans now owns 72,087 shares of the company’s stock valued at $895,000 after acquiring an additional 739 shares in the last quarter. Bank of Montreal Can increased its holdings in Grocery Outlet by 5.1% in the 2nd quarter. Bank of Montreal Can now owns 16,525 shares of the company’s stock valued at $205,000 after acquiring an additional 803 shares during the last quarter. Amalgamated Bank lifted its stake in Grocery Outlet by 3.5% in the 3rd quarter. Amalgamated Bank now owns 28,875 shares of the company’s stock worth $463,000 after purchasing an additional 967 shares in the last quarter. Finally, Hantz Financial Services Inc. lifted its stake in Grocery Outlet by 591.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 2,033 shares of the company’s stock worth $33,000 after purchasing an additional 1,739 shares in the last quarter. Institutional investors own 99.87% of the company’s stock.

Grocery Outlet Stock Performance

Grocery Outlet stock opened at $6.32 on Wednesday. The company’s 50-day moving average price is $9.49 and its 200-day moving average price is $12.37. The company has a quick ratio of 0.32, a current ratio of 1.37 and a debt-to-equity ratio of 0.49. The company has a market cap of $620.31 million, a PE ratio of -2.76, a price-to-earnings-growth ratio of 1.46 and a beta of 0.50. Grocery Outlet Holding Corp. has a twelve month low of $5.66 and a twelve month high of $19.41.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings results on Wednesday, March 4th. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). Grocery Outlet had a negative net margin of 4.80% and a positive return on equity of 5.93%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the previous year, the business posted $0.15 EPS. The firm’s revenue was up 10.7% on a year-over-year basis. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, equities research analysts forecast that Grocery Outlet Holding Corp. will post 0.63 EPS for the current fiscal year.

Insider Buying and Selling

In related news, EVP Steven K. Wilson sold 5,141 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $5.84, for a total transaction of $30,023.44. Following the sale, the executive vice president owned 124,892 shares in the company, valued at approximately $729,369.28. This represents a 3.95% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John E. Bachman purchased 16,000 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was bought at an average price of $6.46 per share, with a total value of $103,360.00. Following the completion of the transaction, the director owned 73,367 shares of the company’s stock, valued at $473,950.82. The trade was a 27.89% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders sold 81,347 shares of company stock valued at $475,066 over the last quarter. Company insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Jefferies Financial Group restated a “hold” rating and set a $7.00 price objective (down from $18.00) on shares of Grocery Outlet in a research report on Thursday, March 5th. Telsey Advisory Group downgraded Grocery Outlet from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $15.00 to $9.00 in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft set a $11.00 price target on Grocery Outlet in a research note on Thursday, January 8th. The Goldman Sachs Group cut their price target on Grocery Outlet from $12.00 to $9.00 and set a “sell” rating for the company in a report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Grocery Outlet in a research note on Thursday, January 22nd. Eleven 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, the company currently has an average rating of “Reduce” and a consensus price target of $10.68.

Grocery Outlet News Summary

Here are the key news stories impacting Grocery Outlet this week:

• Positive Sentiment: Director insider buy — Director John E. Bachman purchased 16,000 shares at ~$6.46, increasing his stake ~28%, a commonly viewed signal of insider confidence. Director Acquires $103,360.00 in Stock
• Positive Sentiment: Q4 coverage and rising market interest — Articles highlighting Grocery Outlet as a Q4 earnings outperformer and reporting increased market interest can attract momentum buyers and improve short‑term liquidity. Q4 earnings outperformers Market Interest Rises
• Neutral Sentiment: Large institutional ownership — Major funds (T. Rowe Price, Vanguard, others) hold sizable positions, which can support liquidity but also amplify moves if institutions rebalance. (Background filings/aggregate reporting)
• Negative Sentiment: Law firm investigation — Levi & Korsinsky announced an investigation into possible securities‑law violations related to prior guidance adjustments (reference to a narrowed FY2025 comps outlook), increasing litigation risk and investor uncertainty. Ongoing Investigation Notice
• Negative Sentiment: Analyst downgrades and “Reduce” consensus — Several firms cut ratings/targets (consensus shown as “Reduce”), which can pressure the stock via lower targets and negative headlines. Given Average Rating of Reduce Analyst Scrutiny on Consumer Trends
• Negative Sentiment: Earnings and guidance headwinds — Latest quarter showed a slight EPS and revenue miss and management set conservative FY2026 EPS guidance (0.45–0.55), below some analyst expectations, highlighting margin pressure and limited near‑term upside. (Company earnings disclosures/aggregate reporting)

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.