Tower Research Capital LLC TRC Buys 591 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO)

Tower Research Capital LLC TRC grew its stake in Grocery Outlet Holding Corp. (NASDAQ:GO – Get Rating) by 11.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,611 shares of the company’s stock after acquiring an additional 591 shares during the period. Tower Research Capital LLC TRC’s holdings in Grocery Outlet were worth $187,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Captrust Financial Advisors grew its position in Grocery Outlet by 58.1% during the second quarter. Captrust Financial Advisors now owns 762 shares of the company’s stock worth $32,000 after buying an additional 280 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in Grocery Outlet during the first quarter worth approximately $118,000. Prospera Financial Services Inc acquired a new stake in Grocery Outlet during the second quarter worth approximately $137,000. Amundi acquired a new stake in Grocery Outlet during the second quarter worth approximately $171,000. Finally, Advisor Group Holdings Inc. lifted its stake in Grocery Outlet by 51.3% during the first quarter. Advisor Group Holdings Inc. now owns 5,508 shares of the company’s stock worth $192,000 after purchasing an additional 1,868 shares during the last quarter. Institutional investors own 97.42% of the company’s stock.

Grocery Outlet Stock Performance

Shares of Grocery Outlet stock opened at $26.89 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 0.47 and a debt-to-equity ratio of 0.34. The business has a 50-day moving average price of $29.23 and a two-hundred day moving average price of $31.89. Grocery Outlet Holding Corp. has a 1-year low of $25.71 and a 1-year high of $46.37. The company has a market cap of $2.63 billion, a P/E ratio of 41.37, a PEG ratio of 3.45 and a beta of -0.02.

Analyst Ratings Changes

Several equities research analysts have weighed in on GO shares. Credit Suisse Group restated a “neutral” rating and set a $30.00 target price on shares of Grocery Outlet in a research note on Wednesday, March 1st. Craig Hallum cut Grocery Outlet from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. Roth Capital reiterated a “neutral” rating on shares of Grocery Outlet in a research note on Thursday, March 2nd. TheStreet cut Grocery Outlet from a “b-” rating to a “c+” rating in a research note on Wednesday, February 1st. Finally, Morgan Stanley dropped their price target on Grocery Outlet from $26.00 to $25.00 and set an “underweight” rating for the company in a research note on Wednesday, March 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $39.20.

Insiders Place Their Bets

In other Grocery Outlet news, CFO Charles Bracher sold 4,535 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $27.46, for a total transaction of $124,531.10. Following the completion of the sale, the chief financial officer now directly owns 124,464 shares in the company, valued at approximately $3,417,781.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Grocery Outlet news, CFO Charles Bracher sold 4,535 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $27.46, for a total transaction of $124,531.10. Following the completion of the sale, the chief financial officer now directly owns 124,464 shares in the company, valued at approximately $3,417,781.44. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Lindsay E. Gray sold 1,307 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $27.46, for a total value of $35,890.22. Following the completion of the sale, the senior vice president now owns 32,271 shares of the company’s stock, valued at $886,161.66. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,599 shares of company stock worth $3,247,449. Company insiders own 11.20% of the company’s stock.

Grocery Outlet Company Profile

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Grocery Outlet Holding Corp. engages in the operation of retail stores in the United States. It offers name-brand consumables and fresh products through a network of independently operated stores. The company was founded by Jim Read in 1946 and is headquartered in Emeryville, CA.