Algert Global LLC dramatically reduces stake in Grocery Outlet Holding Corp. during Q2
October 15, 2024
🌥️Trending News
The company offers a wide range of products at discounted prices, with a focus on providing customers with high-quality, name-brand items at affordable prices. Grocery Outlet Holding ($NASDAQ:GO) Corp.’s stock has been performing well in recent years, with a steady increase in share price and strong financial results. One of the notable shareholders of Grocery Outlet Holding Corp. is Algert Global LLC, a global investment management firm that focuses on small and mid-cap companies.
However, according to the latest 13F filing, Algert Global LLC has significantly reduced its stake in the company during the second quarter of this year. It is worth noting that this is not the first time Algert Global LLC has reduced its stake in Grocery Outlet Holding Corp. During the first quarter of this year, the firm also sold off a considerable number of shares. However, it still maintained a significant ownership stake in the company at that time. While the exact reasons for Algert Global LLC’s decision to reduce its stake in Grocery Outlet Holding Corp. are unclear, it may be related to the current economic climate and uncertainties caused by the ongoing pandemic. Many companies have been affected by the global health crisis, and investors may be reevaluating their holdings in the current market conditions. In conclusion, Algert Global LLC’s latest 13F filing shows a notable decrease in its ownership of Grocery Outlet Holding Corp. This decision may raise questions about the company’s future prospects and could be an indication of the firm’s outlook on the current economic climate. It will be interesting to see how this development affects the stock performance of Grocery Outlet Holding Corp. in the coming months.
Share Price
With many consumers shifting towards online shopping and grocery delivery services, traditional brick-and-mortar retailers have faced significant challenges. However, the recent increase in GROCERY OUTLET HOLDING’s stock price could be attributed to the positive response of investors towards the company’s second quarter earnings report. Despite this positive performance, Algert Global LLC’s decision to reduce its stake in Grocery Outlet Holding Corp raises questions about the firm’s confidence in the company’s long-term prospects. While GROCERY OUTLET HOLDING’s recent earnings report may have boosted investor confidence, it remains to be seen how the company will navigate through the ongoing challenges and maintain its growth trajectory in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for GO. More…
| Total Revenues | Net Income | Net Margin |
| 3.97k | 79.44 | 2.1% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for GO. More…
| Operations | Investing | Financing |
| 303.45 | -194.16 | -97.02 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for GO. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.97k | 1.75k | 12.28 |
Key Ratios Snapshot
Some of the financial key ratios for GO are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.2% | 5.4% | 3.2% |
| FCF Margin | ROE | ROA |
| 2.8% | 6.6% | 2.7% |
Analysis
As an analyst at GoodWhale, I have thoroughly examined the fundamentals of GROCERY OUTLET HOLDING and have found some key points to highlight. In terms of its overall performance, GROCERY OUTLET HOLDING appears to be a strong company with a solid growth potential. This is evident from its star chart, where it is marked as strong in growth, medium in asset, profitability, and weak in dividend. This suggests that the company has been able to maintain steady growth and has moderate assets and profitability levels, but may not be paying out significant dividends to its shareholders. In addition to its strong fundamentals, GROCERY OUTLET HOLDING also has a high health score of 8/10. This score takes into account the company’s cash flows and debt levels, and indicates that the company is in a good position to sustain its operations even in times of crisis. This is a positive sign for potential investors, as it shows that GROCERY OUTLET HOLDING is well-managed and has the potential to weather any economic challenges that may arise. Based on our analysis, GROCERY OUTLET HOLDING can be classified as a ‘gorilla’ company. This type of company is characterized by stable and high revenue or earning growth, often due to a strong competitive advantage. In the case of GROCERY OUTLET HOLDING, this advantage may come from its unique business model or strategic partnerships that allow it to generate consistent profits and maintain a strong market position. Considering all of these factors, I believe that GROCERY OUTLET HOLDING may be of interest to a variety of investors. Those looking for long-term growth opportunities may be drawn to its strong fundamentals and potential for future growth. On the other hand, value investors may also see potential in the company due to its current undervalued price. Ultimately, the decision to invest in GROCERY OUTLET HOLDING will depend on individual risk tolerance and investment goals, but it is certainly a company worth considering for a well-rounded portfolio. More…
Peers
The company was founded in 1946 and is headquartered in Emeryville, California. Grocery Outlet Holding Corp operates through two segments: Grocery Outlet and Bargain Market. The Grocery Outlet segment offers a variety of food and household products at discounts of up to 50% off traditional grocery store prices. The Bargain Market segment offers a selection of closeout, overstocked, and irregular merchandise at discounts of up to 70% off traditional retail prices. The company competes with Veroni Brands Corp, The Kroger Co, and Ollie’s Bargain Outlet Holdings Inc.
– Veroni Brands Corp ($OTCPK:VONI)
As of 2022, Veroni Brands Corp has a market cap of 47.4M. The company’s return on equity is 98.41%. Veroni Brands Corp is a food and beverage company that manufactures and markets a variety of food and beverage products. The company’s products include pasta, sauces, snacks, and desserts. Veroni Brands Corp is headquartered in New York, New York.
– The Kroger Co ($NYSE:KR)
The Kroger Co has a market cap of 33.33B as of 2022, a Return on Equity of 23.61%. The company is a leading grocery store chain in the United States with over 2,800 stores in 35 states. The company offers a wide variety of products and services including grocery, health and beauty, and general merchandise. Kroger also has a strong online presence with a website and mobile app that offer convenient shopping options for customers.
– Ollie’s Bargain Outlet Holdings Inc ($NASDAQ:OLLI)
Ollie’s Bargain Outlet Holdings Inc is a publicly traded company with a market cap of 3.37B as of 2022. The company operates a chain of closeout retail stores in the United States. As of February 2021, the company operated 259 stores in 27 states. The company was founded in 1982 and is headquartered in Harrisburg, Pennsylvania.
Summary
Algert Global LLC reduced its ownership in Grocery Outlet Holding Corp. by a significant 88.2% in the second quarter. This indicates a lack of confidence in the company’s performance and future prospects. The reduced stake could be due to poor financial results or negative market sentiment towards the company.
This shift in ownership could also be a result of Algert Global LLC restructuring its portfolio and divesting from underperforming stocks. Investors should pay attention to this development and conduct a thorough analysis of Grocery Outlet Holding Corp.’s financials and market position before making any investment decisions.
Related Posts
Recent Posts
Investing Everyone Can Do.
Investing shouldn’t be exclusive to a select few. We believe everyone should have the opportunity to grow their wealth. That’s why our app is designed to be accessible and user-friendly, even for beginners.
