Glenmede Trust Co. NA Has $7.54 Million Stock Holdings in Grocery Outlet Holding Corp. $GO

Glenmede Trust Co. NA trimmed its stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,070,074 shares of the company’s stock after selling 91,248 shares during the period. Glenmede Trust Co. NA owned approximately 1.08% of Grocery Outlet worth $7,544,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

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

Grocery Outlet Stock Up 6.1%

NASDAQ:GO opened at $9.75 on Tuesday. Grocery Outlet Holding Corp. has a 1 year low of $5.66 and a 1 year high of $19.41. 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 stock has a market cap of $964.47 million, a price-to-earnings ratio of -2.51, a PEG ratio of 14.50 and a beta of 0.65. The stock has a 50-day moving average price of $9.37 and a two-hundred day moving average price of $8.62.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, topping 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 company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. As a group, equities analysts expect that Grocery Outlet Holding Corp. will post 0.37 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Paul Blaine Miller bought 10,000 shares of Grocery Outlet stock in a transaction that occurred on Thursday, June 18th. The stock was purchased at an average cost of $9.37 per share, with a total value of $93,700.00. Following the purchase, the insider owned 59,171 shares in the company, valued at approximately $554,432.27. This trade represents a 20.34% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 5.60% of the company’s stock.

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.