Junto Capital Management LP Makes New Investment in Grocery Outlet Holding Corp. (NASDAQ:GO)

Junto Capital Management LP purchased a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 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 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Eisler Capital Management Ltd. bought a new stake in shares of Grocery Outlet in the 4th quarter worth about $2,122,000. FPR Partners LLC lifted its position in Grocery Outlet by 15.2% during the fourth quarter. FPR Partners LLC now owns 5,991,474 shares of the company's stock valued at $93,527,000 after acquiring an additional 791,474 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Grocery Outlet by 834.3% during the fourth quarter. Deutsche Bank AG now owns 103,122 shares of the company's stock valued at $1,610,000 after acquiring an additional 92,085 shares in the last quarter. BNP Paribas Financial Markets lifted its position in Grocery Outlet by 46.1% during the 4th quarter. BNP Paribas Financial Markets now owns 241,835 shares of the company's stock worth $3,775,000 after acquiring an additional 76,355 shares during the period. Finally, Algert Global LLC acquired a new position in Grocery Outlet in the 4th quarter worth approximately $414,000. Institutional investors own 99.87% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Bank of America cut their price target on Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft lowered shares of Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 price target for the company. in a report on Wednesday, February 26th. Telsey Advisory Group restated a "market perform" rating and set a $16.00 price target on shares of Grocery Outlet in a research report on Wednesday, April 30th. Jefferies Financial Group upgraded Grocery Outlet from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $13.00 to $18.00 in a research note on Wednesday, April 16th. Finally, The Goldman Sachs Group decreased their target price 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 equities research analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Grocery Outlet presently has an average rating of "Hold" and a consensus price target of $15.62.

Insider Activity at Grocery Outlet

In related news, CFO Christopher M. Miller bought 10,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $11.68 per share, for a total transaction of $116,800.00. Following the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at approximately $116,800. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Erik D. Ragatz purchased 165,000 shares of the company's stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $12.25 per share, for a total transaction of $2,021,250.00. Following the purchase, the director now directly owns 201,500 shares in the company, valued at $2,468,375. The trade was a 452.05% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 219,000 shares of company stock worth $2,709,790 and sold 17,756 shares worth $216,892. Company insiders own 4.50% of the company's stock.

Grocery Outlet Trading Up 1.8%

Shares of GO stock traded up $0.25 during trading on Friday, hitting $14.22. 3,161,108 shares of the stock traded hands, compared to its average volume of 2,405,946. Grocery Outlet Holding Corp. has a 52-week low of $10.26 and a 52-week high of $23.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33. The firm has a market capitalization of $1.39 billion, a P/E ratio of 27.88, a price-to-earnings-growth ratio of 9.08 and a beta of 0.42. The firm's fifty day moving average price is $14.22 and its 200-day moving average price is $15.79.

Grocery Outlet (NASDAQ:GO - Get Free Report) last released 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 net margin of 1.20% and a return on equity of 5.25%. The business 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 firm earned $0.09 EPS. The business's revenue was up 8.6% on a year-over-year basis. As a group, research analysts forecast that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current fiscal year.

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.