Jane Street Group LLC Has $4.94 Million Position in Grocery Outlet Holding Corp. (NASDAQ:GO)

Jane Street Group LLC lessened its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 39.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 316,551 shares of the company's stock after selling 202,991 shares during the period. Jane Street Group LLC owned approximately 0.33% of Grocery Outlet worth $4,941,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Freestone Grove Partners LP purchased a new stake in shares of Grocery Outlet in the fourth quarter worth about $13,602,000. Senvest Management LLC lifted its stake in shares of Grocery Outlet by 88.3% in the fourth quarter. Senvest Management LLC now owns 1,569,656 shares of the company's stock worth $24,502,000 after acquiring an additional 735,931 shares in the last quarter. Granite Investment Partners LLC acquired a new position in shares of Grocery Outlet in the fourth quarter worth about $7,914,000. First Trust Advisors LP lifted its stake in shares of Grocery Outlet by 232.0% in the fourth quarter. First Trust Advisors LP now owns 688,691 shares of the company's stock worth $10,750,000 after acquiring an additional 481,223 shares in the last quarter. Finally, Boston Partners lifted its stake in shares of Grocery Outlet by 48.5% in the fourth quarter. Boston Partners now owns 1,395,238 shares of the company's stock worth $21,776,000 after acquiring an additional 455,893 shares in the last quarter. Hedge funds and other institutional investors own 99.87% of the company's stock.

Grocery Outlet Price Performance

NASDAQ GO traded down $0.23 on Wednesday, reaching $13.48. 3,808,979 shares of the stock traded hands, compared to its average volume of 2,406,555. The firm's fifty day simple moving average is $14.20 and its 200 day simple moving average is $15.83. 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 company has a market cap of $1.32 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 9.08 and a beta of 0.42. Grocery Outlet Holding Corp. has a 12 month low of $10.26 and a 12 month high of $23.25.

Grocery Outlet (NASDAQ:GO - Get Free Report) last issued its quarterly earnings results 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. Grocery Outlet had a return on equity of 5.25% and a net margin of 1.20%. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. During the same period last year, the company posted $0.09 EPS. The firm's quarterly revenue was up 8.6% on a year-over-year basis. As a group, research analysts predict that Grocery Outlet Holding Corp. will post 0.63 EPS for the current fiscal year.

Insider Activity

In other news, Director Erik D. Ragatz acquired 19,000 shares of the business's stock in a transaction that occurred on Friday, May 9th. The stock was acquired at an average cost of $14.46 per share, for a total transaction of $274,740.00. Following the completion of the acquisition, the director now owns 19,000 shares in the company, valued at approximately $274,740. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Lindsay E. Gray sold 2,741 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total transaction of $31,082.94. Following the transaction, the senior vice president now directly owns 41,448 shares in the company, valued at $470,020.32. The trade was a 6.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 219,000 shares of company stock worth $2,709,790 and sold 17,756 shares worth $216,892. Insiders own 4.50% of the company's stock.

Analysts Set New Price Targets

GO has been the subject of several recent research reports. The Goldman Sachs Group lowered their target price on shares of Grocery Outlet from $14.00 to $11.00 and set a "sell" rating for the company in a research note on Thursday, February 27th. Jefferies Financial Group raised 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 report on Wednesday, April 16th. Telsey Advisory Group restated a "market perform" rating and set a $16.00 price objective on shares of Grocery Outlet in a research note on Wednesday, April 30th. Morgan Stanley cut their target price on Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating on the stock in a research note on Wednesday, February 26th. Finally, Wells Fargo & Company raised 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. Two analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $15.62.

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.