Barclays PLC Lowers Position in Grocery Outlet Holding Corp. (NASDAQ:GO)

Barclays PLC decreased its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 8.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 273,621 shares of the company's stock after selling 26,772 shares during the quarter. Barclays PLC owned approximately 0.28% of Grocery Outlet worth $4,271,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. purchased a new position in shares of Grocery Outlet in the fourth quarter valued at $31,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Grocery Outlet during the fourth quarter valued at about $41,000. Quadrant Capital Group LLC lifted its holdings in shares of Grocery Outlet by 276.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company's stock worth $43,000 after buying an additional 2,036 shares in the last quarter. KBC Group NV boosted its position in shares of Grocery Outlet by 62.7% in the fourth quarter. KBC Group NV now owns 4,506 shares of the company's stock valued at $70,000 after acquiring an additional 1,736 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in Grocery Outlet by 472.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company's stock worth $76,000 after acquiring an additional 4,040 shares during the period. Hedge funds and other institutional investors own 99.87% of the company's stock.

Analysts Set New Price Targets

GO has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced their price target on shares of Grocery Outlet from $23.00 to $18.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. The Goldman Sachs Group decreased their target price on Grocery Outlet from $14.00 to $11.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. Jefferies Financial Group upgraded Grocery Outlet from a "hold" rating to a "buy" rating and lifted their price target for the company from $13.00 to $18.00 in a research report on Wednesday, April 16th. Telsey Advisory Group restated a "market perform" rating and issued a $16.00 price objective on shares of Grocery Outlet in a research report on Wednesday. Finally, Bank of America dropped their target price on shares of Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Grocery Outlet currently has an average rating of "Hold" and an average price target of $15.46.

Insiders Place Their Bets

In other Grocery Outlet news, EVP Steven K. Wilson sold 6,682 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $13.16, for a total transaction of $87,935.12. Following the completion of the transaction, the executive vice president now owns 166,923 shares of the company's stock, valued at $2,196,706.68. This represents a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Christopher M. Miller acquired 10,000 shares of the company's stock in a transaction on Thursday, February 27th. The stock was acquired at an average price of $11.68 per share, with a total value of $116,800.00. Following the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at approximately $116,800. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 200,000 shares of company stock valued at $2,435,050 and have sold 17,756 shares valued at $216,892. Insiders own 4.50% of the company's stock.

Grocery Outlet Trading Down 1.1 %

Shares of GO traded down $0.18 during trading hours on Friday, hitting $16.52. The company had a trading volume of 429,061 shares, compared to its average volume of 2,330,725. The firm has a market cap of $1.62 billion, a P/E ratio of 32.33, a P/E/G ratio of 9.08 and a beta of 0.40. Grocery Outlet Holding Corp. has a 52-week low of $10.26 and a 52-week high of $26.25. The stock's 50 day moving average price is $13.69 and its 200 day moving average price is $15.93. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Grocery Outlet Profile

Grocery Outlet Holding Corp. operates as a retailer of consumables and fresh products sold through independently operated stores in the United States. Its stores offer products in various categories, such as dairy and deli, produce, floral, fresh meat, seafood products, grocery, general merchandise, health and beauty care, frozen food, beer and wine, and ethnic products.