Van Berkom & Associates Inc. Sells 3,722,689 Shares of Grocery Outlet Holding Corp. $GO

Van Berkom & Associates Inc. trimmed its stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 97.0% in the 1st quarter, Holdings Channel reports. The firm owned 113,962 shares of the company’s stock after selling 3,722,689 shares during the period. Van Berkom & Associates Inc.’s holdings in Grocery Outlet were worth $803,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd boosted its holdings in Grocery Outlet by 1,030.4% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock worth $26,000 after purchasing an additional 2,308 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in Grocery Outlet during the 4th quarter valued at $35,000. Chicago Partners Investment Group LLC bought a new position in shares of Grocery Outlet during the 1st quarter valued at $71,000. State of Wyoming lifted 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 during the period. Finally, Bayforest Capital Ltd boosted its stake in shares of Grocery Outlet by 427.0% in the 4th quarter. Bayforest Capital Ltd now owns 9,465 shares of the company’s stock worth $96,000 after buying an additional 7,669 shares during the last quarter. Institutional investors own 99.87% of the company’s stock.

Insider Transactions at Grocery Outlet

In related news, insider Paul Blaine Miller purchased 5,000 shares of the business’s stock in a transaction on Thursday, June 25th. The stock was acquired at an average price of $9.50 per share, with a total value of $47,500.00. Following the completion of the acquisition, the insider owned 64,171 shares of the company’s stock, 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 SEC, which is accessible through the SEC website. Corporate insiders own 4.50% of the company’s stock.

Grocery Outlet Stock Performance

Shares of Grocery Outlet stock opened at $9.44 on Monday. Grocery Outlet Holding Corp. has a 1-year low of $5.66 and a 1-year high of $19.41. The company’s fifty day simple moving average is $9.07 and its 200-day simple moving average is $8.65. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.27. The stock has a market capitalization of $933.80 million, a PE ratio of -2.43, a P/E/G ratio of 14.61 and a beta of 0.64.

Grocery Outlet (NASDAQ:GO) last posted its quarterly earnings data on Wednesday, May 13th. The company reported $0.05 EPS for the quarter, topping the consensus estimate of $0.02 by $0.03. Grocery Outlet had a positive return on equity of 5.69% and a negative net margin of 8.08%.The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business posted $0.13 EPS. Grocery Outlet’s revenue was up 3.6% on a year-over-year basis. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. As a group, equities analysts anticipate that Grocery Outlet Holding Corp. will post 0.38 earnings per share for the current year.

Analyst Ratings Changes

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

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.