Grocery Outlet Holding Corp. (NASDAQ:GO) Stock Position Increased by Rip Road Capital Partners LP

Rip Road Capital Partners LP lifted its stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 28.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 528,600 shares of the company's stock after purchasing an additional 115,600 shares during the quarter. Grocery Outlet accounts for 7.0% of Rip Road Capital Partners LP's holdings, making the stock its 6th biggest holding. Rip Road Capital Partners LP owned approximately 0.54% of Grocery Outlet worth $8,251,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of GO. Amundi boosted its holdings in Grocery Outlet by 0.6% in the 4th quarter. Amundi now owns 116,139 shares of the company's stock worth $1,895,000 after buying an additional 719 shares during the period. Cedar Wealth Management LLC lifted its stake in shares of Grocery Outlet by 3.9% in the 4th quarter. Cedar Wealth Management LLC now owns 20,370 shares of the company's stock valued at $318,000 after purchasing an additional 765 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in shares of Grocery Outlet by 2.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 46,875 shares of the company's stock worth $732,000 after purchasing an additional 1,240 shares during the last quarter. Integrated Wealth Concepts LLC boosted its holdings in shares of Grocery Outlet by 9.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 15,671 shares of the company's stock valued at $245,000 after acquiring an additional 1,377 shares during the last quarter. Finally, Guggenheim Capital LLC increased its holdings in Grocery Outlet by 9.1% during the fourth quarter. Guggenheim Capital LLC now owns 16,955 shares of the company's stock valued at $265,000 after buying an additional 1,408 shares during the last quarter. Institutional investors and hedge funds own 99.87% of the company's stock.

Grocery Outlet Stock Performance

Shares of GO stock traded down $0.15 during midday trading on Tuesday, hitting $13.99. 1,161,064 shares of the company were exchanged, compared to its average volume of 3,004,199. 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 firm has a market capitalization of $1.37 billion, a P/E ratio of 27.42, a PEG ratio of 9.08 and a beta of 0.42. Grocery Outlet Holding Corp. has a 52 week low of $10.26 and a 52 week high of $23.25. The firm's 50 day moving average price is $14.29 and its two-hundred day moving average price is $15.79.

Grocery Outlet (NASDAQ:GO - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.06. Grocery Outlet had a net margin of 1.20% and a return on equity of 5.25%. The firm had revenue of $1.13 billion during the quarter, compared to analysts' expectations of $1.12 billion. During the same period in the prior year, the company posted $0.09 EPS. The company's revenue was up 8.6% on a year-over-year basis. As a group, equities research analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current year.

Insider Buying and Selling at Grocery Outlet

In other news, EVP Steven K. Wilson sold 6,477 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total transaction of $73,449.18. Following the completion of the transaction, the executive vice president now directly owns 173,605 shares in the company, valued at approximately $1,968,680.70. This represents a 3.60% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Christopher M. Miller purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $11.68 per share, with a total value of $116,800.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares in the company, valued at $116,800. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 219,000 shares of company stock valued at $2,709,790 and sold 17,756 shares valued at $216,892. Insiders own 4.50% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on GO shares. Jefferies Financial Group raised Grocery Outlet from a "hold" rating to a "buy" rating and upped their target price for the company from $13.00 to $18.00 in a research note on Wednesday, April 16th. Telsey Advisory Group reaffirmed a "market perform" rating and set a $16.00 target price on shares of Grocery Outlet in a report on Wednesday, April 30th. 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 report on Wednesday, February 26th. UBS Group raised their target price on Grocery Outlet from $14.50 to $17.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Morgan Stanley cut their price objective on shares of Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating on the stock in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $15.62.

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.