23,805 Shares in Grocery Outlet Holding Corp. (NASDAQ:GO) Acquired by Numerai GP LLC

Numerai GP LLC bought a new position in Grocery Outlet Holding Corp. (NASDAQ:GO) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 23,805 shares of the company’s stock, valued at approximately $673,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its holdings in Grocery Outlet by 7.7% in the first quarter. BlackRock Inc. now owns 8,852,693 shares of the company’s stock worth $290,192,000 after purchasing an additional 631,964 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Grocery Outlet by 1.2% in the first quarter. Vanguard Group Inc. now owns 8,490,964 shares of the company’s stock worth $278,334,000 after purchasing an additional 96,832 shares during the last quarter. Capital Research Global Investors boosted its holdings in Grocery Outlet by 6.7% in the first quarter. Capital Research Global Investors now owns 7,339,446 shares of the company’s stock worth $240,587,000 after purchasing an additional 463,415 shares during the last quarter. Jackson Square Partners LLC boosted its stake in shares of Grocery Outlet by 15.4% during the 1st quarter. Jackson Square Partners LLC now owns 6,103,398 shares of the company’s stock worth $172,482,000 after acquiring an additional 814,636 shares during the last quarter. Finally, Parnassus Investments LLC boosted its stake in shares of Grocery Outlet by 17.3% during the 1st quarter. Parnassus Investments LLC now owns 6,022,813 shares of the company’s stock worth $170,205,000 after acquiring an additional 889,795 shares during the last quarter.

Insider Buying and Selling

In related news, Director Thomas F. Herman sold 2,000 shares of Grocery Outlet stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $33.91, for a total transaction of $67,820.00. Following the completion of the transaction, the director now directly owns 21,400 shares of the company’s stock, valued at approximately $725,674. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Grocery Outlet news, Director Thomas F. Herman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $33.91, for a total value of $67,820.00. Following the completion of the sale, the director now directly owns 21,400 shares of the company’s stock, valued at approximately $725,674. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Pamela B. Burke sold 5,797 shares of the business’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $35.00, for a total transaction of $202,895.00. Following the completion of the sale, the insider now directly owns 50,490 shares of the company’s stock, valued at $1,767,150. The disclosure for this sale can be found here. In the last ninety days, insiders sold 374,360 shares of company stock valued at $12,403,936. Company insiders own 6.20% of the company’s stock.

Grocery Outlet Stock Performance

Shares of NASDAQ:GO opened at $30.68 on Friday. Grocery Outlet Holding Corp. has a 52 week low of $25.71 and a 52 week high of $38.92. The stock has a market capitalization of $3.03 billion, a P/E ratio of 43.21, a PEG ratio of 2.97 and a beta of 0.05. The firm has a fifty day simple moving average of $32.50 and a two-hundred day simple moving average of $30.02. The company has a quick ratio of 0.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.25.

Grocery Outlet (NASDAQ:GO) last released its quarterly earnings results on Tuesday, August 8th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.02. Grocery Outlet had a net margin of 1.87% and a return on equity of 7.28%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $974.89 million. On average, analysts expect that Grocery Outlet Holding Corp. will post 0.83 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Morgan Stanley raised their price objective on shares of Grocery Outlet from $25.00 to $27.00 and gave the company an “underweight” rating in a research report on Tuesday, August 22nd. TheStreet upgraded shares of Grocery Outlet from a “c+” rating to a “b-” rating in a research report on Tuesday, August 15th. Telsey Advisory Group restated an “outperform” rating and set a $40.00 price objective on shares of Grocery Outlet in a research report on Wednesday, August 9th. Roth Mkm raised their price objective on shares of Grocery Outlet from $29.00 to $31.00 and gave the company a “neutral” rating in a research report on Monday, August 14th. Finally, Jefferies Financial Group raised their price objective on shares of Grocery Outlet from $30.00 to $35.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $35.11.

Grocery Outlet Profile

Grocery Outlet Holding Corp. engages in ownership and operation of 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.