Junto Capital Management LP Invests $39.13 Million in Grocery Outlet Holding Corp. (NASDAQ:GO)

Junto Capital Management LP bought a new position in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,506,596 shares of the company's stock, valued at approximately $39,128,000. Junto Capital Management LP owned about 2.58% of Grocery Outlet at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in GO. Barclays PLC boosted its holdings in Grocery Outlet by 1,224.1% in the third quarter. Barclays PLC now owns 300,393 shares of the company's stock worth $5,271,000 after purchasing an additional 277,706 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Grocery Outlet by 2.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 46,875 shares of the company's stock worth $732,000 after acquiring an additional 1,240 shares during the period. Decker Retirement Planning Inc. bought a new position in Grocery Outlet in the fourth quarter worth approximately $31,000. Red Spruce Capital LLC raised its position in Grocery Outlet by 10.2% in the fourth quarter. Red Spruce Capital LLC now owns 130,924 shares of the company's stock worth $2,044,000 after acquiring an additional 12,124 shares during the period. Finally, SG Americas Securities LLC bought a new position in Grocery Outlet in the fourth quarter worth approximately $658,000. Hedge funds and other institutional investors own 99.87% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on GO shares. Jefferies Financial Group upgraded shares of Grocery Outlet from a "hold" rating to a "buy" rating and increased their price target for the stock from $13.00 to $18.00 in a research report on Wednesday, April 16th. The Goldman Sachs Group decreased their price target on shares of Grocery Outlet from $14.00 to $11.00 and set a "sell" rating on the stock in a research report on Thursday, February 27th. Telsey Advisory Group reiterated a "market perform" rating and issued a $16.00 price target on shares of Grocery Outlet in a research report on Wednesday, April 30th. Bank of America decreased their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Finally, UBS Group raised their price objective on shares of Grocery Outlet from $14.50 to $17.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $15.62.

Grocery Outlet Price Performance

NASDAQ GO traded down $0.23 on Wednesday, reaching $13.48. The company had a trading volume of 3,808,979 shares, compared to its average volume of 2,406,555. 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 stock has a market capitalization of $1.32 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 9.08 and a beta of 0.42. The firm's 50 day moving average price is $14.21 and its 200 day moving average price is $15.81. 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 data on Tuesday, May 6th. The company reported $0.13 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.06. Grocery Outlet had a net margin of 1.20% and a return on equity of 5.25%. The business had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period last year, the company posted $0.09 EPS. The business's revenue was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Erik D. Ragatz acquired 19,000 shares of the stock in a transaction on Friday, May 9th. The stock was bought at an average cost 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 transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Steven K. Wilson sold 6,682 shares of the business's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.16, for a total transaction of $87,935.12. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders bought 219,000 shares of company stock valued at $2,709,790 and sold 17,756 shares valued at $216,892. 4.50% of the stock is owned by corporate insiders.

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.