250,796 Shares in Grocery Outlet Holding Corp. (NASDAQ:GO) Bought by CenterBook Partners LP

CenterBook Partners LP bought a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 250,796 shares of the company's stock, valued at approximately $3,506,000. CenterBook Partners LP owned approximately 0.26% of Grocery Outlet as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. Amundi increased its holdings in Grocery Outlet by 0.6% in the 4th quarter. Amundi now owns 116,139 shares of the company's stock valued at $1,895,000 after acquiring an additional 719 shares during the last quarter. Cedar Wealth Management LLC increased its holdings in shares of Grocery Outlet by 3.9% in the 4th quarter. Cedar Wealth Management LLC now owns 20,370 shares of the company's stock worth $318,000 after buying an additional 765 shares during the last quarter. US Bancorp DE increased its holdings in shares of Grocery Outlet by 64.2% in the 1st quarter. US Bancorp DE now owns 3,024 shares of the company's stock worth $42,000 after buying an additional 1,182 shares during the last quarter. Integrated Wealth Concepts LLC increased its holdings in shares of Grocery Outlet by 9.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 15,671 shares of the company's stock worth $245,000 after buying an additional 1,377 shares during the last quarter. Finally, Guggenheim Capital LLC increased its holdings in shares of Grocery Outlet by 9.1% in the 4th quarter. Guggenheim Capital LLC now owns 16,955 shares of the company's stock worth $265,000 after buying an additional 1,408 shares during the last quarter. Hedge funds and other institutional investors own 99.87% of the company's stock.

Wall Street Analysts Forecast Growth

GO has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Grocery Outlet from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Jefferies Financial Group raised shares of Grocery Outlet from a "hold" rating to a "buy" rating and upped their price target for the stock from $13.00 to $18.00 in a research report on Wednesday, April 16th. UBS Group upped their price target on shares of Grocery Outlet from $14.50 to $17.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and issued a $16.00 price target on shares of Grocery Outlet in a research report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Grocery Outlet has an average rating of "Hold" and an average price target of $15.62.

Insiders Place Their Bets

In other Grocery Outlet news, Director Erik D. Ragatz purchased 19,000 shares of the company's stock in a transaction on Friday, May 9th. The stock was acquired at an average price of $14.46 per share, for a total transaction of $274,740.00. Following the completion of the purchase, the director directly owned 19,000 shares in the company, valued at approximately $274,740. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 4.50% of the company's stock.

Grocery Outlet Price Performance

GO traded down $0.29 during trading on Tuesday, reaching $13.38. The company's stock had a trading volume of 2,218,600 shares, compared to its average volume of 2,648,961. The company has a quick ratio of 0.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.39. The firm has a fifty day simple moving average of $13.55 and a two-hundred day simple moving average of $14.43. Grocery Outlet Holding Corp. has a 1 year low of $10.26 and a 1 year high of $21.83. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 18.23, a PEG ratio of 4.39 and a beta of 0.29.

Grocery Outlet (NASDAQ:GO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.07 by $0.06. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Grocery Outlet had a net margin of 0.39% and a return on equity of 6.21%. The business's revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.09 EPS. As a group, analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 EPS for the current year.

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.