Grocery Outlet (GO)

• Market cap: $1.73B
• 1 day: -1.60%
• 5 days: -1.60%
• 1 month: 8.33%
• 3 months: -5.41%
• 6 months: -14.78%
• Year to date: -34.53%
• 1 year: -39.98%
• 5 years: -43.54%
• 10 years: -37.50%
• 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)

33% more first-time investments, than exits

New positions opened: 53 | Existing positions closed: 40

6% more funds holding

Funds holding: 218 [Q2] → 231 (+13) [Q3]

5.95% less ownership

Funds ownership: 108.75% [Q2] → 102.79% (-5.95%) [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 (-$635M) [Q3]

29% less funds holding in top 10

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

Research analyst outlook

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

• Low target: $15 16% downside
• Avg. target: $19.29 8% upside
• High target: $27 52% upside

14 analyst ratings

• positive: 4 29%
• neutral: 9 64%
• negative: 1 7%

UBS Michael Lasser 64% 1-year accuracy 21 / 33 met price target	10% downside $16	Neutral Maintained	6 Nov 2024
Roth MKM Bill Kirk 62% 1-year accuracy 13 / 21 met price target	10% downside $16	Neutral Maintained	6 Nov 2024
Telsey Advisory Group Joseph Feldman 56% 1-year accuracy 90 / 160 met price target	1% upside $18	Market Perform Maintained	6 Nov 2024
Deutsche Bank Paul Trussell 50% 1-year accuracy 2 / 4 met price target	46% upside $26	Buy Maintained	6 Nov 2024
Wells Fargo Anthony Bonadio 83% 1-year accuracy 5 / 6 met price target	29% upside $23	Overweight Maintained	6 Nov 2024