WCM Investment Management LLC Increases Stake in Grocery Outlet Holding Corp. (NASDAQ:GO)

WCM Investment Management LLC grew its position in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 4.8% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 946,674 shares of the company's stock after buying an additional 43,352 shares during the period. WCM Investment Management LLC owned 0.95% of Grocery Outlet worth $25,532,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Equitable Trust Co. boosted its position in shares of Grocery Outlet by 18.7% in the 4th quarter. Equitable Trust Co. now owns 18,060 shares of the company's stock worth $487,000 after purchasing an additional 2,839 shares during the last quarter. Pacer Advisors Inc. boosted its position in shares of Grocery Outlet by 79.5% in the 4th quarter. Pacer Advisors Inc. now owns 14,914 shares of the company's stock worth $402,000 after purchasing an additional 6,606 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Grocery Outlet by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 9,171,964 shares of the company's stock worth $264,611,000 after purchasing an additional 217,421 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its position in shares of Grocery Outlet by 97.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 29,849 shares of the company's stock worth $861,000 after purchasing an additional 14,733 shares during the last quarter. Finally, Graham Capital Management L.P. boosted its position in shares of Grocery Outlet by 128.6% in the 3rd quarter. Graham Capital Management L.P. now owns 117,079 shares of the company's stock worth $3,378,000 after purchasing an additional 65,872 shares during the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Grocery Outlet

In related news, Director Thomas F. Herman sold 1,000 shares of Grocery Outlet stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $29.00, for a total value of $29,000.00. Following the sale, the director now owns 10,400 shares of the company's stock, valued at $301,600. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Grocery Outlet news, Director Thomas F. Herman sold 1,000 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $29.00, for a total transaction of $29,000.00. Following the transaction, the director now owns 10,400 shares of the company's stock, valued at $301,600. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas F. Herman sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $29.00, for a total value of $58,000.00. Following the transaction, the director now directly owns 11,400 shares in the company, valued at approximately $330,600. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 506,588 shares of company stock valued at $13,367,577. 6.20% of the stock is owned by insiders.

Grocery Outlet Stock Down 3.5 %

Shares of Grocery Outlet stock traded down $0.95 during trading on Friday, reaching $26.29. The stock had a trading volume of 859,139 shares, compared to its average volume of 1,328,573. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of 33.28, a P/E/G ratio of 2.62 and a beta of 0.10. The stock has a fifty day moving average price of $26.67 and a two-hundred day moving average price of $27.25. Grocery Outlet Holding Corp. has a 52 week low of $23.41 and a 52 week high of $36.54. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt-to-equity ratio of 0.24.

Grocery Outlet (NASDAQ:GO - Get Free Report) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.02. The company had revenue of $989.82 million for the quarter, compared to analyst estimates of $982.44 million. Grocery Outlet had a return on equity of 7.17% and a net margin of 2.00%. Sell-side analysts predict that Grocery Outlet Holding Corp. will post 0.95 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on GO. UBS Group reduced their price target on Grocery Outlet from $32.00 to $30.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 28th. Telsey Advisory Group reduced their target price on Grocery Outlet from $40.00 to $37.00 and set an "outperform" rating on the stock in a report on Wednesday, February 28th. Finally, Craig Hallum upgraded Grocery Outlet from a "hold" rating to a "buy" rating and set a $36.00 target price on the stock in a report on Wednesday, February 28th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $31.44.

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.