BlackRock Updates Passive Stake in Grocery Outlet Holding Corp.

Ticker: GO · Form: SC 13G/A · Filed: 2024-01-25T00:00:00.000Z

Sentiment: neutral

Topics: institutional-ownership, passive-investment, amendment, SC-13G

Related Tickers: GO

TL;DR

**BlackRock just updated its passive stake in Grocery Outlet, signaling its current investment level.**

AI Summary

BlackRock Inc. filed an amended SC 13G/A on January 25, 2024, disclosing its ownership in Grocery Outlet Holding Corp. as of December 31, 2023. This filing indicates BlackRock's updated passive stake in the discount grocery chain. For investors, this matters because BlackRock is a major institutional investor, and changes in its holdings can signal its confidence (or lack thereof) in the company's future performance, potentially influencing other investors.

Why It Matters

This filing shows BlackRock's current level of investment in Grocery Outlet, providing transparency into a significant institutional holder's position. It can influence market perception and investor sentiment towards Grocery Outlet stock.

Risk Assessment

Risk Level: low — This is a routine disclosure of a passive investment by a large institutional investor, not indicating any immediate high-risk event.

Analyst Insight

Investors should note BlackRock's continued passive stake in Grocery Outlet Holding Corp. and monitor future filings for any significant changes in their ownership percentage, which could signal a shift in their investment thesis.

Key Players & Entities

FAQ

What type of filing is this document?

This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)' sections.

Who is the reporting person in this filing?

The reporting person is BlackRock, Inc., as identified under '(1)Names of reporting persons. BlackRock, Inc.' and in the 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.' section.

What is the subject company of this filing?

The subject company is Grocery Outlet Holding Corp., as indicated by 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Grocery Outlet Holding Corp.' and 'GROCERY OUTLET HOLDING CORP (Name of Issuer)'.

What was the date of the event that required this filing?

The date of the event which required this filing was December 31, 2023, as stated under '(Date of Event Which Requires Filing of this Statement) December 31, 2023'.

Under which rule was this Schedule 13G filed?

This Schedule 13G was filed under Rule 13d-1(b), as indicated by the checked box '[X] Rule 13d-1(b)'.

From the Filing

0001086364-24-003186.txt : 20240125 0001086364-24-003186.hdr.sgml : 20240125 20240125134848 ACCESSION NUMBER: 0001086364-24-003186 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240125 DATE AS OF CHANGE: 20240125 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Grocery Outlet Holding Corp. CENTRAL INDEX KEY: 0001771515 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-GROCERY STORES [5411] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 471874201 STATE OF INCORPORATION: DE FISCAL YEAR END: 1230 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-91396 FILM NUMBER: 24560983 BUSINESS ADDRESS: STREET 1: 5650 HOLLIS STREET CITY: EMERYVILLE STATE: CA ZIP: 94608 BUSINESS PHONE: (510) 845-1999 MAIL ADDRESS: STREET 1: 5650 HOLLIS STREET CITY: EMERYVILLE STATE: CA ZIP: 94608 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc. CENTRAL INDEX KEY: 0001364742 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] ORGANIZATION NAME: 02 Finance IRS NUMBER: 320174431 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 BUSINESS PHONE: 212-810-5300 MAIL ADDRESS: STREET 1: 50 HUDSON YARDS CITY: NEW YORK STATE: NY ZIP: 10001 FORMER COMPANY: FORMER CONFORMED NAME: BlackRock, Inc. DATE OF NAME CHANGE: 20060929 FORMER COMPANY: FORMER CONFORMED NAME: New BlackRock, Inc. DATE OF NAME CHANGE: 20060601 SC 13G/A 1 us39874r1014_012524.txt us39874r1014_012524.txt SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3) GROCERY OUTLET HOLDING CORP -------------------------------------------------------- (Name of Issuer) Common Stock -------------------------------------------------------- (Title of Class of Securities) 39874R101 -------------------------------------------------------- (CUSIP Number) December 31, 2023 -------------------------------------------------------- (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). CUSIP No. 39874R101 (1)Names of reporting persons. BlackRock, Inc. (2) Check the appropriate box if a member of a group (a) [ ] (b) [X] (3) SEC use only (4) Citizenship or place of organization Delaware Number of shares beneficially owned by each reporting person with: (5) Sole voting power 8525761 (6) Shared voting power 0 (7) Sole dispositive power 8804831 (8) Shared dispositive power 0 (9) Aggregate amount beneficially owned by each reporting person 8804831 (10) Check if the aggregate amount in Row (9) excludes certain shares (11) Percent of class represented by amount in Row 9 8.9% (12) Type of reporting person HC Item 1. Item 1(a) Name of issuer: ----------------------------------------------------------------------- GROCERY OUTLET HOLDING CORP Item 1(b) Address of issuer's principal executive offices: ----------------------------------------------------------------------- 5650 HOLLIS STREET EMERYVILLE CA 94608 Item 2. 2(a) Name of person filing: ---------------------------------------------------------------------- BlackRock, Inc. 2(b) Address or principal business office or, if none, residence: ------------------

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