Los Angeles Capital Management LLC Acquires Shares of 137,015 Grocery Outlet Holding Corp. (NASDAQ:GO)

Los Angeles Capital Management LLC acquired a new stake in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 137,015 shares of the company's stock, valued at approximately $3,694,000. Los Angeles Capital Management LLC owned about 0.14% of Grocery Outlet at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Grocery Outlet by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,171,964 shares of the company's stock worth $264,611,000 after buying an additional 217,421 shares during the period. Mackenzie Financial Corp increased its stake in shares of Grocery Outlet by 4.6% during the fourth quarter. Mackenzie Financial Corp now owns 4,926,336 shares of the company's stock worth $132,814,000 after purchasing an additional 216,257 shares in the last quarter. Clearbridge Investments LLC boosted its holdings in Grocery Outlet by 6.6% in the 3rd quarter. Clearbridge Investments LLC now owns 2,533,464 shares of the company's stock worth $73,090,000 after buying an additional 157,332 shares during the last quarter. Van Berkom & Associates Inc. increased its stake in Grocery Outlet by 62.4% during the 3rd quarter. Van Berkom & Associates Inc. now owns 2,394,826 shares of the company's stock worth $69,091,000 after buying an additional 920,032 shares in the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Grocery Outlet by 1.7% during the fourth quarter. Federated Hermes Inc. now owns 1,453,032 shares of the company's stock valued at $39,174,000 after acquiring an additional 24,530 shares during the last quarter. Hedge funds and other institutional investors own 99.87% of the company's stock.

Insider Buying and Selling at Grocery Outlet

In related news, Director Thomas F. Herman sold 1,000 shares of the company'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 value of $29,000.00. Following the sale, the director now owns 10,400 shares in the company, valued at approximately $301,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Thomas F. Herman sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $29.00, for a total value of $58,000.00. Following the completion of the sale, the director now directly owns 11,400 shares in the company, valued at $330,600. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas F. Herman sold 1,000 shares of the 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 directly owns 10,400 shares in the company, valued at approximately $301,600. The disclosure for this sale can be found here. Over the last quarter, insiders sold 506,588 shares of company stock valued at $13,367,577. 4.50% of the stock is owned by company insiders.

Grocery Outlet Stock Up 0.4 %

Shares of Grocery Outlet stock traded up $0.10 on Monday, reaching $25.81. 777,375 shares of the company were exchanged, compared to its average volume of 1,224,410. Grocery Outlet Holding Corp. has a 1-year low of $23.41 and a 1-year high of $36.54. The stock's 50 day moving average price is $26.95 and its 200-day moving average price is $27.10. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.35 and a quick ratio of 0.43. The company has a market cap of $2.58 billion, a P/E ratio of 32.67, a price-to-earnings-growth ratio of 2.47 and a beta of 0.13.

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

Wall Street Analysts Forecast Growth

GO has been the subject of several research reports. UBS Group dropped their price target on Grocery Outlet from $32.00 to $30.00 and set a "neutral" rating for the company in a research report on Wednesday, February 28th. Telsey Advisory Group decreased their price target on shares of Grocery Outlet from $40.00 to $37.00 and set an "outperform" rating on the stock in a research note on Wednesday, February 28th. Finally, Craig Hallum raised shares of Grocery Outlet from a "hold" rating to a "buy" rating and set a $36.00 price objective for the company in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $31.44.

About Grocery Outlet

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.