Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Sold by Retirement Systems of Alabama

Posted by on Jul 28th, 2023

Retirement Systems of Alabama trimmed its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO – Free Report) by 0.9% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 115,665 shares of the company’s stock after selling 1,012 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of Grocery Outlet worth $3,269,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of GO. SG Americas Securities LLC grew its holdings in shares of Grocery Outlet by 20.7% in the first quarter. SG Americas Securities LLC now owns 12,845 shares of the company’s stock valued at $363,000 after purchasing an additional 2,204 shares in the last quarter. Arizona State Retirement System raised its stake in shares of Grocery Outlet by 3.1% in the first quarter. Arizona State Retirement System now owns 26,777 shares of the company’s stock valued at $757,000 after acquiring an additional 793 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in Grocery Outlet by 5.4% in the first quarter. State of New Jersey Common Pension Fund D now owns 80,357 shares of the company’s stock valued at $2,271,000 after purchasing an additional 4,111 shares during the period. Mackenzie Financial Corp grew its stake in Grocery Outlet by 3.9% during the 1st quarter. Mackenzie Financial Corp now owns 4,755,461 shares of the company’s stock worth $134,389,000 after purchasing an additional 178,574 shares in the last quarter. Finally, ETF Managers Group LLC purchased a new stake in Grocery Outlet during the 1st quarter worth about $162,000. 98.32% of the stock is currently owned by hedge funds and other institutional investors.

Grocery Outlet Stock Performance

Shares of GO opened at $33.39 on Friday. Grocery Outlet Holding Corp. has a 1 year low of $25.71 and a 1 year high of $46.37. The stock has a market capitalization of $3.28 billion, a PE ratio of 49.84, a PEG ratio of 4.04 and a beta of 0.02. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.37 and a current ratio of 1.42. The stock has a 50-day simple moving average of $30.33 and a 200-day simple moving average of $29.42.

Grocery Outlet (NASDAQ:GO – Get Free Report) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.18 by $0.04. Grocery Outlet had a net margin of 1.81% and a return on equity of 7.41%. The company had revenue of $965.47 million during the quarter, compared to analysts’ expectations of $948.49 million. On average, analysts predict that Grocery Outlet Holding Corp. will post 0.78 earnings per share for the current fiscal year.

Insider Transactions at Grocery Outlet

In other Grocery Outlet news, SVP Luke D. Thompson sold 1,331 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The shares were sold at an average price of $29.55, for a total transaction of $39,331.05. Following the sale, the senior vice president now owns 21,790 shares of the company’s stock, valued at $643,894.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Grocery Outlet news, CFO Charles Bracher sold 106,612 shares of the business’s stock in a transaction that occurred on Thursday, June 29th. The stock was sold at an average price of $30.17, for a total value of $3,216,484.04. Following the completion of the sale, the chief financial officer now owns 111,475 shares in the company, valued at $3,363,200.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Luke D. Thompson sold 1,331 shares of the firm’s stock in a transaction that occurred on Tuesday, May 23rd. The stock was sold at an average price of $29.55, for a total transaction of $39,331.05. Following the transaction, the senior vice president now owns 21,790 shares in the company, valued at $643,894.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 396,488 shares of company stock valued at $11,960,251. 6.20% of the stock is currently owned by corporate insiders.

Grocery Outlet Company Profile

(Free Report)

Grocery Outlet Holding Corp. engages in ownership and operation of a network of independently operated stores in the United States. The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine.

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Institutional Ownership by Quarter for Grocery Outlet (NASDAQ:GO)

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