UBS Group AG Has $27.54 Million Stock Position in Grocery Outlet Holding Corp. $GO

UBS Group AG grew its position in Grocery Outlet Holding Corp. (NASDAQ:GO) by 87.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,726,299 shares of the company’s stock after purchasing an additional 1,272,859 shares during the period. UBS Group AG’s holdings in Grocery Outlet were worth $27,536,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Royal Bank of Canada lifted its position in shares of Grocery Outlet by 5.8% in the first quarter. Royal Bank of Canada now owns 122,565 shares of the company’s stock worth $1,713,000 after purchasing an additional 6,736 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Grocery Outlet by 14.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 357,856 shares of the company’s stock worth $5,003,000 after purchasing an additional 44,214 shares in the last quarter. Creative Planning lifted its position in shares of Grocery Outlet by 25.4% in the second quarter. Creative Planning now owns 16,104 shares of the company’s stock worth $200,000 after purchasing an additional 3,263 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Grocery Outlet by 13.8% in the second quarter. JPMorgan Chase & Co. now owns 220,432 shares of the company’s stock worth $2,738,000 after purchasing an additional 26,725 shares in the last quarter. Finally, Franklin Resources Inc. purchased a new stake in shares of Grocery Outlet in the second quarter worth approximately $149,000. 99.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Grocery Outlet

In related news, CEO Jason J. N. Potter bought 286,097 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of $5.90 per share, with a total value of $1,687,972.30. Following the completion of the transaction, the chief executive officer owned 574,366 shares of the company’s stock, valued at $3,388,759.40. The trade was a 99.25% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jeffrey York bought 120,000 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The shares were bought at an average cost of $5.82 per share, for a total transaction of $698,400.00. Following the transaction, the director directly owned 120,000 shares of the company’s stock, valued at $698,400. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 899,905 shares of company stock worth $5,396,307 and sold 89,493 shares worth $524,431. 4.50% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on GO. Craig Hallum lowered shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Wells Fargo & Company reduced their price target on shares of Grocery Outlet from $10.50 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. TD Cowen reissued a “hold” rating on shares of Grocery Outlet in a research report on Thursday, March 5th. DA Davidson set a $8.00 price target on shares of Grocery Outlet in a research report on Thursday, March 5th. Finally, Morgan Stanley reduced their price target on shares of Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Eleven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $10.68.

Grocery Outlet Trading Up 1.9%

NASDAQ:GO opened at $8.19 on Friday. Grocery Outlet Holding Corp. has a 12 month low of $5.66 and a 12 month high of $19.41. The firm has a market cap of $810.15 million, a price-to-earnings ratio of -3.58, a P/E/G ratio of 2.40 and a beta of 0.66. 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’s 50 day moving average is $7.30 and its 200-day moving average is $9.64.

Grocery Outlet (NASDAQ:GO) last released 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 firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the business earned $0.15 EPS. The company’s revenue for the quarter was up 10.7% compared to the same quarter last year. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Equities analysts anticipate that Grocery Outlet Holding Corp. will post 0.37 EPS for the current 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.