Interval Partners LP Acquires 190,267 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO)

Interval Partners LP grew its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 190.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 290,267 shares of the company's stock after purchasing an additional 190,267 shares during the quarter. Interval Partners LP owned approximately 0.30% of Grocery Outlet worth $4,531,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Decker Retirement Planning Inc. purchased a new stake in Grocery Outlet during the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd bought a new position in Grocery Outlet during the 4th quarter worth approximately $41,000. Quadrant Capital Group LLC grew its position in 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 acquiring an additional 2,036 shares during the last quarter. KBC Group NV grew its position in 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 acquiring an additional 1,736 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its position in 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 acquiring an additional 4,040 shares during the last quarter. 99.87% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Erik D. Ragatz acquired 19,000 shares of Grocery Outlet stock in a transaction that occurred on Friday, May 9th. The stock was bought at an average price of $14.46 per share, with a total value of $274,740.00. Following the transaction, the director now directly owns 19,000 shares in the company, valued at approximately $274,740. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 transaction, the executive vice president now directly owns 166,923 shares of the company's stock, valued at approximately $2,196,706.68. This trade represents a 3.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 219,000 shares of company stock worth $2,709,790 and sold 17,756 shares worth $216,892. 4.50% of the stock is currently owned by company insiders.

Grocery Outlet Trading Up 1.8%

NASDAQ GO traded up $0.25 on Friday, hitting $14.22. The company's stock had a trading volume of 3,161,108 shares, compared to its average volume of 2,406,177. The firm has a market cap of $1.39 billion, a P/E ratio of 27.88, a PEG ratio of 9.08 and a beta of 0.42. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The company's 50-day simple moving average is $14.25 and its 200 day simple moving average is $15.79. Grocery Outlet Holding Corp. has a 52-week low of $10.26 and a 52-week high of $23.25.

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

Analysts Set New Price Targets

GO has been the topic of several recent research reports. Bank of America reduced their price target on Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Morgan Stanley reduced their price target on Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating on the stock in a research report on Wednesday, February 26th. Jefferies Financial Group upgraded Grocery Outlet from a "hold" rating to a "buy" rating and raised their price target for the stock from $13.00 to $18.00 in a research report on Wednesday, April 16th. Deutsche Bank Aktiengesellschaft lowered Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 price target on the stock. in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group reduced their price target on Grocery Outlet from $14.00 to $11.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus 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.