Grocery Outlet Holding Corp. (NASDAQ:GO) Holdings Lifted by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 0.9% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,833,955 shares of the company's stock after buying an additional 35,938 shares during the period. Dimensional Fund Advisors LP owned approximately 3.95% of Grocery Outlet worth $59,845,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Barclays PLC boosted its position in shares of Grocery Outlet by 1,224.1% in the third quarter. Barclays PLC now owns 300,393 shares of the company's stock worth $5,271,000 after buying an additional 277,706 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Grocery Outlet by 2.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 46,875 shares of the company's stock worth $732,000 after acquiring an additional 1,240 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in Grocery Outlet in the 4th quarter worth approximately $31,000. Red Spruce Capital LLC raised its stake in shares of Grocery Outlet by 10.2% during the fourth quarter. Red Spruce Capital LLC now owns 130,924 shares of the company's stock valued at $2,044,000 after purchasing an additional 12,124 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of Grocery Outlet during the fourth quarter worth $658,000. 99.87% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on GO. Telsey Advisory Group reaffirmed a "market perform" rating and set a $16.00 price target on shares of Grocery Outlet in a research note on Wednesday, April 30th. Wells Fargo & Company cut their target price on Grocery Outlet from $23.00 to $18.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Bank of America decreased their price target 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. Deutsche Bank Aktiengesellschaft cut shares of Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 price target on the stock. in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their price objective on shares of Grocery Outlet from $14.00 to $11.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $15.46.

Grocery Outlet Stock Performance

Shares of NASDAQ GO traded down $0.18 during mid-day trading on Monday, hitting $16.30. The company had a trading volume of 5,675,467 shares, compared to its average volume of 2,365,079. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of 31.96, a PEG ratio of 9.08 and a beta of 0.42. The firm's 50 day simple moving average is $13.71 and its two-hundred day simple moving average is $15.91. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33. Grocery Outlet Holding Corp. has a 12 month low of $10.26 and a 12 month high of $26.21.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, SVP Lindsay E. Gray sold 2,741 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total transaction of $31,082.94. Following the transaction, the senior vice president now owns 41,448 shares of the company's stock, valued at approximately $470,020.32. This trade represents a 6.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the executive vice president now directly owns 166,923 shares of the company's stock, valued at approximately $2,196,706.68. This represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 200,000 shares of company stock worth $2,435,050 and have sold 17,756 shares worth $216,892. 4.50% of the stock is currently owned by company insiders.

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.