JPMorgan Chase & Co. Has $562,000 Stake in Grocery Outlet Holding Corp. (NASDAQ:GO)

JPMorgan Chase & Co. decreased its position in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 33.2% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 35,977 shares of the company's stock after selling 17,918 shares during the period. JPMorgan Chase & Co.'s holdings in Grocery Outlet were worth $562,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Boston Partners grew its holdings in shares of Grocery Outlet by 48.5% during the 4th 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 in the last quarter. Charles Schwab Investment Management Inc. increased its position in Grocery Outlet by 11.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,308,631 shares of the company's stock worth $20,428,000 after purchasing an additional 138,161 shares during the last quarter. First Eagle Investment Management LLC raised its stake in shares of Grocery Outlet by 112.6% during the 4th quarter. First Eagle Investment Management LLC now owns 474,000 shares of the company's stock worth $7,399,000 after purchasing an additional 251,000 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Grocery Outlet by 2.1% during the 4th quarter. Principal Financial Group Inc. now owns 471,098 shares of the company's stock valued at $7,354,000 after buying an additional 9,758 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Grocery Outlet by 1,224.1% in the 3rd quarter. Barclays PLC now owns 300,393 shares of the company's stock valued at $5,271,000 after buying an additional 277,706 shares in the last quarter. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GO has been the subject of a number of analyst reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $16.00 target price on shares of Grocery Outlet in a research note on Wednesday. Jefferies Financial Group upgraded shares of Grocery Outlet from a "hold" rating to a "buy" rating and upped their price objective for the stock from $13.00 to $18.00 in a report on Wednesday, April 16th. Morgan Stanley reduced their price target on Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating for the company in a research report on Wednesday, February 26th. Bank of America lowered their price objective on Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating on the stock in a report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their target price on Grocery Outlet from $23.00 to $18.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Two research 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 company's stock. According to MarketBeat, Grocery Outlet presently has a consensus rating of "Hold" and an average price target of $15.46.

Insider Activity at Grocery Outlet

In other Grocery Outlet news, CFO Christopher M. Miller bought 10,000 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $11.68 per share, with a total value of $116,800.00. Following the completion of the purchase, the chief financial officer now directly owns 10,000 shares in the company, valued at $116,800. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Erik D. Ragatz purchased 165,000 shares of the business's stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $12.25 per share, with a total value of $2,021,250.00. Following the purchase, the director now owns 201,500 shares of the company's stock, valued at approximately $2,468,375. This trade represents a 452.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 200,000 shares of company stock worth $2,435,050 and have sold 17,756 shares worth $216,892. Corporate insiders own 4.50% of the company's stock.

Grocery Outlet Stock Performance

Shares of NASDAQ:GO traded down $0.22 on Friday, hitting $16.48. 3,250,677 shares of the company were exchanged, compared to its average volume of 2,346,608. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. The company's 50 day moving average price is $13.71 and its two-hundred day moving average price is $15.93. Grocery Outlet Holding Corp. has a one year low of $10.26 and a one year high of $26.21. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 32.31, a PEG ratio of 9.08 and a beta of 0.40.

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.