Grocery Outlet Holding Corp. (NASDAQ:GO) Stock Position Raised by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in Grocery Outlet Holding Corp. by 391.0% in Q1, holding a total of 203,980 shares after purchasing an additional 162,439 shares.
• Grocery Outlet reported a net margin of 0.39% and earnings per share of $0.13, surpassing analysts' expectations by $0.06 during its latest earnings announcement on May 6th.
• Several analysts have upgraded their ratings for Grocery Outlet, with price targets now ranging from $16.00 to $19.00 as of recent reports, indicating a positive outlook for the stock.

GSA Capital Partners LLP raised its position in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 391.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 203,980 shares of the company's stock after purchasing an additional 162,439 shares during the period. Grocery Outlet comprises about 0.3% of GSA Capital Partners LLP's investment portfolio, making the stock its 17th largest position. GSA Capital Partners LLP owned about 0.21% of Grocery Outlet worth $2,852,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC increased its stake in shares of Grocery Outlet by 9.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 15,671 shares of the company's stock valued at $245,000 after acquiring an additional 1,377 shares during the last quarter. Guggenheim Capital LLC increased its stake in shares of Grocery Outlet by 9.1% during the 4th quarter. Guggenheim Capital LLC now owns 16,955 shares of the company's stock valued at $265,000 after acquiring an additional 1,408 shares during the last quarter. Sterling Capital Management LLC increased its stake in shares of Grocery Outlet by 53.9% during the 4th quarter. Sterling Capital Management LLC now owns 5,808 shares of the company's stock valued at $91,000 after acquiring an additional 2,034 shares during the last quarter. Quadrant Capital Group LLC increased its stake in shares of Grocery Outlet by 276.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company's stock valued at $43,000 after acquiring an additional 2,036 shares during the last quarter. Finally, Red Spruce Capital LLC increased its stake in shares of Grocery Outlet by 1.6% during the 1st quarter. Red Spruce Capital LLC now owns 132,968 shares of the company's stock valued at $1,859,000 after acquiring an additional 2,044 shares during the last quarter. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Grocery Outlet

In related news, Director Erik D. Ragatz purchased 19,000 shares of the firm's stock in a transaction that occurred 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 transaction, the director directly owned 19,000 shares of the company's stock, valued at $274,740. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Grocery Outlet from $18.00 to $19.00 and gave the stock 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 increased their target price for the stock from $13.00 to $18.00 in a research report on Wednesday, April 16th. Telsey Advisory Group reissued a "market perform" rating and set a $16.00 target price on shares of Grocery Outlet in a research report on Tuesday. Finally, UBS Group upped their price target on Grocery Outlet from $14.50 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Grocery Outlet has a consensus rating of "Hold" and a consensus target price of $15.62.

Grocery Outlet Stock Performance

Shares of GO traded up $0.34 during trading hours on Friday, reaching $13.51. 2,606,847 shares of the company's stock traded hands, compared to its average volume of 3,099,961. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of 84.31, a P/E/G ratio of 4.27 and a beta of 0.29. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.25 and a quick ratio of 0.25. Grocery Outlet Holding Corp. has a twelve month low of $10.26 and a twelve month high of $21.67. The business's fifty day simple moving average is $13.39 and its two-hundred day simple moving average is $14.24.

Grocery Outlet (NASDAQ:GO - Get Free Report) last released its 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 firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. Grocery Outlet had a return on equity of 6.21% and a net margin of 0.39%. Grocery Outlet's revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.09 earnings per share. Analysts predict that Grocery Outlet Holding Corp. will post 0.63 earnings per share 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.