Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Sold by Jane Street Group LLC

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

Several other large investors have also added to or reduced their stakes in the company. Freestone Grove Partners LP acquired a new stake in shares of Grocery Outlet during the 4th quarter worth approximately $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 buying an additional 735,931 shares in the last quarter. Granite Investment Partners LLC acquired a new stake in shares of Grocery Outlet in the fourth quarter valued at approximately $7,914,000. First Trust Advisors LP grew its holdings 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 valued at $10,750,000 after purchasing an additional 481,223 shares during the period. Finally, Boston Partners lifted its holdings in Grocery Outlet by 48.5% in the fourth quarter. Boston Partners now owns 1,395,238 shares of the company's stock valued at $21,776,000 after acquiring an additional 455,893 shares during the last quarter. Hedge funds and other institutional investors own 99.87% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on GO. Wells Fargo & Company boosted their price objective 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. Bank of America dropped their target price on shares of Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. UBS Group lifted their target price on shares of Grocery Outlet from $14.50 to $17.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Telsey Advisory Group reiterated a "market perform" rating and issued a $16.00 target price on shares of Grocery Outlet in a report on Wednesday, April 30th. Finally, Morgan Stanley lowered their target price on Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating for the company in a report on Wednesday, February 26th. 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 currently has an average rating of "Hold" and a consensus price target of $15.62.

Grocery Outlet Stock Performance

Shares of GO traded up $0.18 during mid-day trading on Friday, hitting $14.15. 536,756 shares of the company's stock were exchanged, compared to its average volume of 2,395,901. Grocery Outlet Holding Corp. has a fifty-two week low of $10.26 and a fifty-two week high of $23.25. The firm has a market capitalization of $1.39 billion, a P/E ratio of 27.77, a P/E/G ratio of 9.08 and a beta of 0.42. The business's 50 day moving average is $14.22 and its two-hundred day moving average is $15.79. The company has a current ratio of 1.46, a quick ratio of 0.33 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 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 for the quarter, compared to the consensus estimate of $1.12 billion. During the same period in the previous year, the business earned $0.09 earnings per share. The company's revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts expect that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current year.

Insider Activity at Grocery Outlet

In related news, EVP Steven K. Wilson sold 6,477 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total value of $73,449.18. Following the sale, the executive vice president now directly owns 173,605 shares of the company's stock, valued at approximately $1,968,680.70. This represents a 3.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Erik D. Ragatz acquired 165,000 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average cost of $12.25 per share, for a total transaction of $2,021,250.00. Following the completion of the purchase, the director now owns 201,500 shares in the company, valued at $2,468,375. The trade was a 452.05% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 219,000 shares of company stock worth $2,709,790 and have sold 17,756 shares worth $216,892. Company insiders own 4.50% of the company's stock.

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.