Mitsubishi UFJ Kokusai Asset Management Co. Ltd. Purchases Shares of 111,500 Grocery Outlet Holding Corp. (NASDAQ:GO)

Mitsubishi UFJ Kokusai Asset Management Co. Ltd. acquired a new position in Grocery Outlet Holding Corp. (NASDAQ:GOGet Rating) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 111,500 shares of the company’s stock, valued at approximately $3,712,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned 0.12% of Grocery Outlet as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Captrust Financial Advisors grew its stake in Grocery Outlet by 58.1% during the second quarter. Captrust Financial Advisors now owns 762 shares of the company’s stock valued at $32,000 after acquiring an additional 280 shares in the last quarter. James Investment Research Inc. purchased a new position in shares of Grocery Outlet during the second quarter valued at about $58,000. Point72 Hong Kong Ltd bought a new stake in shares of Grocery Outlet in the first quarter worth about $118,000. Nisa Investment Advisors LLC bought a new stake in shares of Grocery Outlet in the second quarter worth about $129,000. Finally, Prospera Financial Services Inc bought a new position in Grocery Outlet during the second quarter valued at approximately $137,000. Hedge funds and other institutional investors own 97.42% of the company’s stock.

Grocery Outlet Price Performance

Shares of GO opened at $28.75 on Friday. The stock has a market capitalization of $2.80 billion, a PE ratio of 51.34, a PEG ratio of 2.87 and a beta of -0.06. The company has a 50 day moving average price of $29.78 and a 200-day moving average price of $35.37. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.48 and a current ratio of 1.63. Grocery Outlet Holding Corp. has a fifty-two week low of $23.69 and a fifty-two week high of $46.37.

Grocery Outlet (NASDAQ:GOGet Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by ($0.03). The company had revenue of $918.19 million during the quarter, compared to the consensus estimate of $880.51 million. Grocery Outlet had a return on equity of 7.83% and a net margin of 1.63%. Equities analysts predict that Grocery Outlet Holding Corp. will post 0.76 earnings per share for the current fiscal year.

Insider Activity at Grocery Outlet

In other news, Director Thomas F. Herman sold 2,000 shares of the firm’s stock in a transaction on Thursday, December 15th. The stock was sold at an average price of $30.05, for a total value of $60,100.00. Following the completion of the sale, the director now owns 37,400 shares of the company’s stock, valued at approximately $1,123,870. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Thomas F. Herman sold 2,000 shares of the company’s stock in a transaction dated Thursday, December 15th. The shares were sold at an average price of $30.05, for a total transaction of $60,100.00. Following the transaction, the director now owns 37,400 shares in the company, valued at $1,123,870. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Charles Bracher sold 6,250 shares of Grocery Outlet stock in a transaction that occurred on Friday, October 28th. The stock was sold at an average price of $35.29, for a total transaction of $220,562.50. Following the completion of the sale, the chief financial officer now owns 77,234 shares of the company’s stock, valued at $2,725,587.86. The disclosure for this sale can be found here. Insiders sold 40,806 shares of company stock valued at $1,401,001 over the last 90 days. Insiders own 11.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Telsey Advisory Group dropped their price target on Grocery Outlet from $50.00 to $44.00 and set an “outperform” rating for the company in a research report on Wednesday, November 9th. DA Davidson dropped their target price on Grocery Outlet to $39.00 in a report on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft decreased their price target on Grocery Outlet from $51.00 to $43.00 in a report on Friday, November 4th. Morgan Stanley dropped their price objective on shares of Grocery Outlet from $30.00 to $26.00 and set an “underweight” rating for the company in a research note on Tuesday. Finally, The Goldman Sachs Group increased their target price on shares of Grocery Outlet from $38.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, November 9th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.00.

Grocery Outlet Company Profile

(Get Rating)

Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine.

See Also

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Institutional Ownership by Quarter for Grocery Outlet (NASDAQ:GO)

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