Quantinno Capital Management LP Purchases 294,280 Shares of Grocery Outlet Holding Corp. $GO

Quantinno Capital Management LP increased its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 217.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 429,869 shares of the company’s stock after acquiring an additional 294,280 shares during the period. Quantinno Capital Management LP’s holdings in Grocery Outlet were worth $3,031,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in GO. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Grocery Outlet by 54.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company’s stock valued at $159,216,000 after purchasing an additional 5,528,722 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Grocery Outlet by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock worth $113,685,000 after buying an additional 213,325 shares in the last quarter. Mackenzie Financial Corp lifted its position in shares of Grocery Outlet by 0.5% during the 4th quarter. Mackenzie Financial Corp now owns 4,709,721 shares of the company’s stock worth $47,757,000 after buying an additional 22,418 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Grocery Outlet by 5.0% in the third quarter. Dimensional Fund Advisors LP now owns 4,619,851 shares of the company’s stock valued at $74,149,000 after buying an additional 221,693 shares in the last quarter. Finally, Marshall Wace LLP grew its position in Grocery Outlet by 0.5% in the third quarter. Marshall Wace LLP now owns 4,577,371 shares of the company’s stock valued at $73,467,000 after acquiring an additional 20,819 shares during the last quarter. 99.87% of the stock is owned by institutional investors.

Grocery Outlet Stock Performance

Shares of GO stock opened at $9.91 on Friday. The firm has a market capitalization of $980.30 million, a price-to-earnings ratio of -2.55, a PEG ratio of 15.63 and a beta of 0.65. The company has a current ratio of 1.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. The business’s 50-day moving average price is $9.49 and its 200-day moving average price is $8.63. Grocery Outlet Holding Corp. has a 12 month low of $5.66 and a 12 month high of $19.41.

Grocery Outlet (NASDAQ:GO) last released its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating 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 was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Equities research analysts forecast that Grocery Outlet Holding Corp. will post 0.37 EPS for the current year.

Insiders Place Their Bets

In other Grocery Outlet news, insider Paul Blaine Miller purchased 5,000 shares of the firm’s stock in a transaction 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 transaction, the insider owned 64,171 shares in the company, valued at $609,624.50. The trade was a 8.45% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 5.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have commented on GO. DA Davidson boosted their target price on Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Weiss Ratings lowered shares of Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, July 30th. Wells Fargo & Company upped their price objective on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a research report on Thursday, May 14th. Finally, TD Cowen increased their price objective on shares of Grocery Outlet from $6.00 to $8.00 and gave the company 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 issued a Sell rating to the company. According to data from MarketBeat.com, Grocery Outlet currently has an average rating of “Reduce” and an average target price of $9.65.

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.