Hussman Strategic Advisors Inc. Takes Position in Grocery Outlet Holding Corp. (NASDAQ:GO)

Hussman Strategic Advisors Inc. bought a new position in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 63,000 shares of the company's stock, valued at approximately $881,000. Hussman Strategic Advisors Inc. owned approximately 0.06% of Grocery Outlet at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. FPR Partners LLC lifted its position in shares of Grocery Outlet by 15.2% in the fourth quarter. FPR Partners LLC now owns 5,991,474 shares of the company's stock valued at $93,527,000 after acquiring an additional 791,474 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Grocery Outlet by 0.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,833,955 shares of the company's stock worth $59,845,000 after purchasing an additional 35,938 shares during the last quarter. Simcoe Capital Management LLC bought a new stake in shares of Grocery Outlet in the fourth quarter worth about $53,185,000. Clearbridge Investments LLC increased its holdings in shares of Grocery Outlet by 9.4% in the fourth quarter. Clearbridge Investments LLC now owns 3,158,059 shares of the company's stock worth $49,297,000 after purchasing an additional 272,285 shares during the last quarter. Finally, Junto Capital Management LP bought a new stake in shares of Grocery Outlet in the fourth quarter worth about $39,128,000. Institutional investors own 99.87% of the company's stock.

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

Shares of NASDAQ:GO traded up $0.05 during trading on Friday, reaching $13.77. 2,249,114 shares of the company's stock traded hands, compared to its average volume of 2,651,877. The firm has a market cap of $1.35 billion, a PE ratio of 86.07, a P/E/G ratio of 4.42 and a beta of 0.29. Grocery Outlet Holding Corp. has a fifty-two week low of $10.26 and a fifty-two week high of $21.67. The company has a 50-day simple moving average of $13.41 and a 200-day simple moving average of $14.39. The company has a quick ratio of 0.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.39.

Grocery Outlet (NASDAQ:GO - Get Free Report) last released its earnings results 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. Grocery Outlet had a net margin of 0.39% and a return on equity of 6.21%. The business had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company posted $0.09 EPS. The business's revenue was up 8.6% on a year-over-year basis. As a group, analysts predict that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on GO shares. UBS Group boosted their price objective on Grocery Outlet from $14.50 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Wells Fargo & Company upped their target price on Grocery Outlet from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Wednesday, May 7th. Jefferies Financial Group raised Grocery Outlet from a "hold" rating to a "buy" rating and upped their target price for the company from $13.00 to $18.00 in a research note on Wednesday, April 16th. Finally, Telsey Advisory Group reaffirmed a "market perform" rating and set a $16.00 target price on shares of Grocery Outlet in a research note on Wednesday, April 30th. Two research 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 company. According to data from MarketBeat, Grocery Outlet presently has an average rating of "Hold" and an average price target of $15.62.

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.