Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Acquired by Two Sigma Investments LP

Two Sigma Investments LP raised its position in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 188.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 396,445 shares of the company's stock after buying an additional 258,913 shares during the quarter. Two Sigma Investments LP owned about 0.41% of Grocery Outlet worth $6,189,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Aster Capital Management DIFC Ltd purchased a new stake in shares of Grocery Outlet during the 4th quarter worth $41,000. Quadrant Capital Group LLC boosted its position 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 worth $43,000 after purchasing an additional 2,036 shares in the last quarter. KBC Group NV boosted its position in shares of Grocery Outlet by 62.7% during the 4th quarter. KBC Group NV now owns 4,506 shares of the company's stock worth $70,000 after purchasing an additional 1,736 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Grocery Outlet by 472.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company's stock worth $76,000 after purchasing an additional 4,040 shares in the last quarter. Finally, Sterling Capital Management LLC boosted its position 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 worth $91,000 after purchasing an additional 2,034 shares in the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on GO shares. Deutsche Bank Aktiengesellschaft cut shares of Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 price objective on the stock. in a research note on Wednesday, February 26th. Morgan Stanley lowered their price objective on shares of Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating on the stock in a research note on Wednesday, February 26th. Jefferies Financial Group raised shares of Grocery Outlet from a "hold" rating to a "buy" rating and increased their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, April 16th. Bank of America lowered their price objective on shares of Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Finally, UBS Group increased their price objective on shares of Grocery Outlet from $14.50 to $17.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $15.62.

Insider Activity at Grocery Outlet

In other news, EVP Steven K. Wilson sold 6,477 shares of Grocery Outlet stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total transaction of $73,449.18. Following the sale, the executive vice president now owns 173,605 shares in the company, valued at $1,968,680.70. This trade represents a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Erik D. Ragatz acquired 19,000 shares of the company's stock in a transaction dated Friday, May 9th. The shares were purchased at an average price of $14.46 per share, for a total transaction of $274,740.00. Following the purchase, the director now directly owns 19,000 shares of the company's stock, valued at approximately $274,740. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have sold 19,124 shares of company stock worth $235,730. Company insiders own 4.50% of the company's stock.

Grocery Outlet Trading Down 1.7%

Shares of GO stock traded down $0.23 during trading hours on Friday, hitting $13.51. 3,286,266 shares of the company were exchanged, compared to its average volume of 2,468,450. The firm has a market cap of $1.32 billion, a PE ratio of 26.49, a PEG ratio of 9.08 and a beta of 0.42. Grocery Outlet Holding Corp. has a 1 year low of $10.26 and a 1 year high of $22.55. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average of $14.47 and a 200 day moving average of $15.58.

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 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 company's revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.09 EPS. Analysts expect that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current 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.