Militia Capital Management LLC Buys Shares of 83,696 Grocery Outlet Holding Corp. $GO

Militia Capital Management LLC purchased a new position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 83,696 shares of the company’s stock, valued at approximately $590,000.

Several other institutional investors and hedge funds have also bought and sold shares of GO. Bank of America Corp DE increased its position in Grocery Outlet by 31.3% in the first quarter. Bank of America Corp DE now owns 1,083,541 shares of the company’s stock worth $7,639,000 after buying an additional 258,292 shares during the last quarter. Amundi lifted its position in shares of Grocery Outlet by 19.9% during the 1st quarter. Amundi now owns 15,371 shares of the company’s stock valued at $108,000 after buying an additional 2,556 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Grocery Outlet by 74.6% during the 1st quarter. California State Teachers Retirement System now owns 157,688 shares of the company’s stock worth $1,112,000 after acquiring an additional 67,379 shares during the period. Quantinno Capital Management LP grew its stake in shares of Grocery Outlet by 217.0% during the 1st quarter. Quantinno Capital Management LP now owns 429,869 shares of the company’s stock worth $3,031,000 after acquiring an additional 294,280 shares during the period. Finally, Rangeley Capital LLC purchased a new stake in Grocery Outlet in the 1st quarter worth about $282,000. 99.87% of the stock is owned by institutional investors.

Grocery Outlet Stock Performance

Shares of GO opened at $9.75 on Tuesday. Grocery Outlet Holding Corp. has a 52-week low of $5.66 and a 52-week high of $19.41. The stock’s 50-day simple moving average is $9.37 and its 200 day simple moving average is $8.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.27 and a current ratio of 1.28. The stock has a market capitalization of $964.47 million, a price-to-earnings ratio of -2.51, a price-to-earnings-growth ratio of 14.50 and a beta of 0.65.

Grocery Outlet (NASDAQ:GO) last posted its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same quarter in the previous year, the firm earned $0.13 EPS. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Research analysts forecast that Grocery Outlet Holding Corp. will post 0.37 EPS for the current fiscal year.

Insider Activity at Grocery Outlet

In other news, insider Paul Blaine Miller acquired 10,000 shares of Grocery Outlet stock in a transaction that occurred on Thursday, June 18th. The stock was bought at an average price of $9.37 per share, with a total value of $93,700.00. Following the completion of the purchase, the insider owned 59,171 shares in the company, valued at approximately $554,432.27. The trade was a 20.34% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 5.60% of the company’s stock.

Analysts Set New Price Targets

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

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.