Quantinno Capital Management LP Makes New $879,000 Investment in Grocery Outlet Holding Corp. (NASDAQ:GO)

Quantinno Capital Management LP bought a new stake in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 56,326 shares of the company's stock, valued at approximately $879,000. Quantinno Capital Management LP owned approximately 0.06% of Grocery Outlet at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Aster Capital Management DIFC Ltd bought a new stake in shares of Grocery Outlet in the fourth quarter valued at about $41,000. Quadrant Capital Group LLC raised its stake in Grocery Outlet by 276.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company's stock worth $43,000 after acquiring an additional 2,036 shares in the last quarter. KBC Group NV raised its stake in Grocery Outlet by 62.7% during the fourth quarter. KBC Group NV now owns 4,506 shares of the company's stock worth $70,000 after acquiring an additional 1,736 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in Grocery Outlet by 472.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company's stock worth $76,000 after acquiring an additional 4,040 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in shares of Grocery Outlet by 53.9% during the fourth quarter. Sterling Capital Management LLC now owns 5,808 shares of the company's stock worth $91,000 after purchasing an additional 2,034 shares during the last quarter. 99.87% of the stock is owned by institutional investors.

Insider Transactions at Grocery Outlet

In other news, Director Erik D. Ragatz purchased 19,000 shares of the business's stock in a transaction dated Friday, May 9th. The stock was bought at an average price of $14.46 per share, for a total transaction of $274,740.00. Following the purchase, the director now owns 19,000 shares of the company's stock, valued at $274,740. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Lindsay E. Gray sold 2,741 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total value of $31,082.94. Following the completion of the transaction, the senior vice president now owns 41,448 shares of the company's stock, valued at approximately $470,020.32. This represents a 6.20% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders bought 209,000 shares of company stock worth $2,592,990 and sold 19,124 shares worth $235,730. 4.50% of the stock is owned by corporate insiders.

Grocery Outlet Stock Performance

NASDAQ:GO traded down $0.43 during trading on Thursday, reaching $13.32. The company's stock had a trading volume of 461,485 shares, compared to its average volume of 2,435,983. The firm has a market cap of $1.31 billion, a price-to-earnings ratio of 26.11, a price-to-earnings-growth ratio of 9.08 and a beta of 0.42. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. The firm has a 50 day moving average of $14.43 and a 200-day moving average of $15.68. Grocery Outlet Holding Corp. has a 12 month low of $10.26 and a 12 month high of $22.55.

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

Analyst Upgrades and Downgrades

A number of research firms have issued reports on GO. The Goldman Sachs Group cut their price target on Grocery Outlet from $14.00 to $11.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. UBS Group upped their target price on Grocery Outlet from $14.50 to $17.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Telsey Advisory Group reissued a "market perform" rating and issued a $16.00 price target on shares of Grocery Outlet in a research report on Wednesday, April 30th. Wells Fargo & Company increased their price target on Grocery Outlet from $18.00 to $19.00 and gave the company an "overweight" rating in a research report on Wednesday, May 7th. Finally, Jefferies Financial Group raised Grocery Outlet from a "hold" rating to a "buy" rating and increased their price target for the company from $13.00 to $18.00 in a research report on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Grocery Outlet currently has an average rating of "Hold" and an average target price 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.