Two Sigma Advisers LP Invests $1.03 Million in Grocery Outlet Holding Corp. (NASDAQ:GO)

Two Sigma Advisers LP acquired a new position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 66,200 shares of the company's stock, valued at approximately $1,033,000. Two Sigma Advisers LP owned about 0.07% of Grocery Outlet at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of GO. FPR Partners LLC raised its holdings in shares of Grocery Outlet by 15.2% in the 4th 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 during the period. Dimensional Fund Advisors LP raised its holdings in shares of Grocery Outlet by 0.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,833,955 shares of the company's stock valued at $59,845,000 after purchasing an additional 35,938 shares during the period. Simcoe Capital Management LLC bought a new stake in shares of Grocery Outlet in the 4th quarter valued at about $53,185,000. Clearbridge Investments LLC raised its holdings in shares of Grocery Outlet by 9.4% in the 4th quarter. Clearbridge Investments LLC now owns 3,158,059 shares of the company's stock valued at $49,297,000 after purchasing an additional 272,285 shares during the period. Finally, Junto Capital Management LP bought a new stake in shares of Grocery Outlet in the 4th quarter valued at about $39,128,000. 99.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on GO. Telsey Advisory Group reissued a "market perform" rating and issued a $16.00 price target on shares of Grocery Outlet in a report on Wednesday, April 30th. Bank of America lowered 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. The Goldman Sachs Group lowered their price target on shares of Grocery Outlet from $14.00 to $11.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. Morgan Stanley lowered their price target on shares of Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company increased their price target on shares of Grocery Outlet from $18.00 to $19.00 and gave the company an "overweight" rating in a report on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $15.62.

Grocery Outlet Stock Performance

Shares of GO traded up $0.16 during mid-day trading on Thursday, hitting $13.78. 3,155,886 shares of the company's stock were exchanged, compared to its average volume of 2,495,484. Grocery Outlet Holding Corp. has a 52 week low of $10.26 and a 52 week high of $22.55. The stock's 50-day simple moving average is $14.51 and its 200-day simple moving average is $15.49. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 9.08 and a beta of 0.32. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Grocery Outlet (NASDAQ:GO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.06. The business 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 firm's revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.09 EPS. On average, equities research analysts expect that Grocery Outlet Holding Corp. will post 0.63 EPS for the current year.

Insider Buying and Selling

In other Grocery Outlet news, EVP Steven K. Wilson sold 6,682 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.16, for a total value of $87,935.12. Following the sale, the executive vice president now owns 166,923 shares in the company, valued at $2,196,706.68. This trade represents a 3.85% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Erik D. Ragatz bought 19,000 shares of the business's stock in a transaction on 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 transaction, the director now directly owns 19,000 shares of the company's stock, valued at approximately $274,740. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 9,906 shares of company stock worth $131,197. Corporate insiders own 4.50% of the company's stock.

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.