Grocery Outlet Holding Corp. (NASDAQ:GO) Stock Position Increased by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD increased its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,454 shares of the company’s stock after acquiring an additional 3,745 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.06% of Grocery Outlet worth $944,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Decker Retirement Planning Inc. acquired a new position in shares of Grocery Outlet in the 4th quarter worth $31,000. Aster Capital Management DIFC Ltd purchased a new position in Grocery Outlet in the 4th quarter worth about $41,000. Quadrant Capital Group LLC raised its holdings in Grocery Outlet by 276.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company’s stock worth $43,000 after buying an additional 2,036 shares during the period. KBC Group NV boosted its holdings in shares of Grocery Outlet by 62.7% in the fourth quarter. KBC Group NV now owns 4,506 shares of the company’s stock worth $70,000 after buying an additional 1,736 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Grocery Outlet by 472.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company’s stock worth $76,000 after acquiring an additional 4,040 shares in the last quarter. 99.87% of the stock is currently owned by institutional investors.

Grocery Outlet Stock Performance

GO opened at $14.40 on Friday. The stock has a 50-day moving average of $14.11 and a 200-day moving average of $15.87. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. Grocery Outlet Holding Corp. has a 52-week low of $10.26 and a 52-week high of $23.25. The company has a market cap of $1.41 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 9.08 and a beta of 0.42.

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

Analyst Ratings Changes

A number of research firms recently commented on GO. Bank of America decreased their price objective on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. UBS Group raised their price objective on Grocery Outlet from $14.50 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday. 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 research report on Wednesday, February 26th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $16.00 price objective on shares of Grocery Outlet in a research report on Wednesday, April 30th. Finally, Jefferies Financial Group upgraded shares of Grocery Outlet from a “hold” rating to a “buy” rating and increased their target price for the stock from $13.00 to $18.00 in a research report on Wednesday, April 16th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Grocery Outlet presently has a consensus rating of “Hold” and a consensus target price of $15.62.

Insiders Place Their Bets

In other Grocery Outlet news, SVP Lindsay E. Gray sold 2,741 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total value of $31,082.94. Following the sale, the senior vice president now directly owns 41,448 shares in the company, valued at $470,020.32. This trade represents a 6.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Steven K. Wilson sold 6,682 shares of the company’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 transaction, the executive vice president now directly owns 166,923 shares of the company’s stock, valued at $2,196,706.68. This represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 200,000 shares of company stock valued at $2,435,050 and sold 17,756 shares valued at $216,892. Company insiders own 4.50% of the company’s stock.

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.