Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its holdings in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 95.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,749 shares of the company's stock after selling 871,650 shares during the quarter. Janus Henderson Group PLC's holdings in Grocery Outlet were worth $605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Junto Capital Management LP bought a new position in Grocery Outlet during the fourth quarter valued at $39,128,000. Eisler Capital Management Ltd. purchased a new stake in shares of Grocery Outlet in the 4th quarter worth approximately $2,122,000. FPR Partners LLC boosted its position in Grocery Outlet by 15.2% during the fourth quarter. FPR Partners LLC now owns 5,991,474 shares of the company's stock valued at $93,527,000 after purchasing an additional 791,474 shares in the last quarter. Deutsche Bank AG grew its stake in Grocery Outlet by 834.3% in the fourth quarter. Deutsche Bank AG now owns 103,122 shares of the company's stock valued at $1,610,000 after purchasing an additional 92,085 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Grocery Outlet by 46.1% in the fourth quarter. BNP Paribas Financial Markets now owns 241,835 shares of the company's stock valued at $3,775,000 after purchasing an additional 76,355 shares during the last quarter. Institutional investors own 99.87% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Grocery Outlet from $14.50 to $17.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Bank of America cut their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Telsey Advisory Group reiterated a "market perform" rating and set a $16.00 price objective on shares of Grocery Outlet in a report on Wednesday, April 30th. The Goldman Sachs Group decreased their price target on Grocery Outlet from $14.00 to $11.00 and set a "sell" rating for the company in a research note on Thursday, February 27th. Finally, Morgan Stanley lowered their price target on Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating for the company in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Grocery Outlet presently has a consensus rating of "Hold" and an average target price of $15.62.

Insider Buying and Selling at Grocery Outlet

In related news, SVP Lindsay E. Gray sold 2,741 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total transaction of $31,082.94. Following the sale, the senior vice president now directly owns 41,448 shares of the company's stock, valued at approximately $470,020.32. This represents a 6.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Erik D. Ragatz acquired 165,000 shares of the business's stock in a transaction on Friday, February 28th. The stock was purchased at an average cost of $12.25 per share, with a total value of $2,021,250.00. Following the acquisition, the director now directly owns 201,500 shares of the company's stock, valued at $2,468,375. This represents a 452.05% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 209,000 shares of company stock worth $2,592,990 and sold 19,124 shares worth $235,730. Company insiders own 4.50% of the company's stock.

Grocery Outlet Stock Performance

NASDAQ:GO traded down $0.01 during midday trading on Thursday, hitting $13.74. The company's stock had a trading volume of 3,833,704 shares, compared to its average volume of 2,455,495. 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 fifty-two week low of $10.26 and a fifty-two week high of $22.55. The firm's 50 day moving average is $14.45 and its 200-day moving average is $15.65. The firm has a market cap of $1.35 billion, a P/E ratio of 26.94, a P/E/G ratio of 9.08 and a beta of 0.42.

Grocery Outlet (NASDAQ:GO - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.06. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Grocery Outlet had a net margin of 1.20% and a return on equity of 5.25%. The business's quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.09 earnings per share. Equities analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current fiscal year.

Grocery Outlet Company 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.