Grocery Outlet (GO)

• Market cap: $1.63B
• 1 day: 0.78%
• 5 days: -11.11%
• 1 month: -9.27%
• 3 months: 4.76%
• 6 months: -20.03%
• Year to date: -38.54%
• 1 year: -38.04%
• 5 years: -49.29%
• 10 years: -41.32%
• Sector: Consumer Staples
• Industry: Grocery Stores

About: Grocery Outlet Holding Corp is a grocery store operator in the United States. Its flexible buying model allows them to offer quality, name-brand opportunistic products at prices generally 40% to 70% below those of conventional retailers. The stores are run by Entrepreneurial independent operators which create a neighborhood feel through personalized customer service and a localized product offering.

Employees: 997

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

38% more first-time investments, than exits

New positions opened: 54 | Existing positions closed: 39

7% more funds holding

Funds holding: 218 [Q2] → 233 (+15) [Q3]

5.9% less ownership

Funds ownership: 108.75% [Q2] → 102.84% (-5.9%) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 86

22% less call options, than puts

Call options by funds: $4.02M | Put options by funds: $5.15M

26% less capital invested

Capital invested by funds: $2.4B [Q2] → $1.77B (-$634M) [Q3]

29% less funds holding in top 10

Funds holding in top 10: 7 [Q2] → 5 (-2) [Q3]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $15 10% downside
• Avg. target: $18 8% upside
• High target: $26 55% upside

11 analyst ratings

• positive: 2 18%
• neutral: 8 73%
• negative: 1 9%

Telsey Advisory Group Joseph Feldman 56% 1-year accuracy 90 / 161 met price target	8% upside $18	Market Perform Maintained	19 Dec 2024
UBS Michael Lasser 62% 1-year accuracy 21 / 34 met price target	4% downside $16	Neutral Maintained	6 Nov 2024
Roth MKM Bill Kirk 50% 1-year accuracy 11 / 22 met price target	4% downside $16	Neutral Maintained	6 Nov 2024
Deutsche Bank Paul Trussell 25% 1-year accuracy 1 / 4 met price target	55% upside $26	Buy Maintained	6 Nov 2024
Wells Fargo Anthony Bonadio 89% 1-year accuracy 8 / 9 met price target	37% upside $23	Overweight Maintained	6 Nov 2024