Mutual of America Capital Management LLC Lowers Stock Position in Grocery Outlet Holding Corp. (NASDAQ:GO)

Mutual of America Capital Management LLC cut its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 4.5% during the 4th quarter, Holdings Channel reports. The firm owned 61,214 shares of the company’s stock after selling 2,870 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Grocery Outlet were worth $1,650,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Captrust Financial Advisors boosted its stake in shares of Grocery Outlet by 58.1% in the 2nd quarter. Captrust Financial Advisors now owns 762 shares of the company’s stock worth $32,000 after buying an additional 280 shares during the last quarter. Amalgamated Bank boosted its position in Grocery Outlet by 0.7% in the third quarter. Amalgamated Bank now owns 58,944 shares of the company’s stock worth $1,701,000 after purchasing an additional 410 shares during the last quarter. Osaic Holdings Inc. grew its stake in Grocery Outlet by 5.8% in the 2nd quarter. Osaic Holdings Inc. now owns 7,791 shares of the company’s stock valued at $241,000 after purchasing an additional 427 shares during the period. Securian Asset Management Inc. increased its position in shares of Grocery Outlet by 5.4% during the 3rd quarter. Securian Asset Management Inc. now owns 8,366 shares of the company’s stock valued at $241,000 after purchasing an additional 432 shares during the last quarter. Finally, Pathstone Family Office LLC raised its stake in shares of Grocery Outlet by 3.5% during the 3rd quarter. Pathstone Family Office LLC now owns 13,122 shares of the company’s stock worth $436,000 after purchasing an additional 449 shares during the period. 99.87% of the stock is owned by institutional investors.

Grocery Outlet Stock Performance

Shares of GO stock opened at $26.97 on Monday. The firm’s 50 day moving average is $26.87 and its 200 day moving average is $27.16. The stock has a market capitalization of $2.68 billion, a P/E ratio of 34.14, a PEG ratio of 2.59 and a beta of 0.10. Grocery Outlet Holding Corp. has a 12 month low of $23.41 and a 12 month high of $36.54. The company has a current ratio of 1.35, a quick ratio of 0.43 and a debt-to-equity ratio of 0.24.

Grocery Outlet (NASDAQ:GO) last posted its earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $989.82 million for the quarter, compared to the consensus estimate of $982.44 million. Grocery Outlet had a return on equity of 7.17% and a net margin of 2.00%. On average, sell-side analysts anticipate that Grocery Outlet Holding Corp. will post 0.95 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on GO shares. Craig Hallum upgraded shares of Grocery Outlet from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research report on Wednesday, February 28th. Telsey Advisory Group reduced their target price on shares of Grocery Outlet from $40.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. Finally, UBS Group lowered their price target on shares of Grocery Outlet from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $31.44.

Insider Buying and Selling

In other Grocery Outlet news, Director Thomas F. Herman sold 1,000 shares of Grocery Outlet stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $29.00, for a total transaction of $29,000.00. Following the completion of the transaction, the director now owns 10,400 shares of the company’s stock, valued at approximately $301,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Grocery Outlet news, Director Erik D. Ragatz acquired 36,500 shares of the company’s stock in a transaction that occurred on Friday, March 22nd. The stock was bought at an average price of $28.25 per share, with a total value of $1,031,125.00. Following the completion of the purchase, the director now owns 36,500 shares of the company’s stock, valued at $1,031,125. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas F. Herman sold 1,000 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $29.00, for a total value of $29,000.00. Following the completion of the transaction, the director now owns 10,400 shares in the company, valued at $301,600. The disclosure for this sale can be found here. In the last quarter, insiders have sold 506,588 shares of company stock valued at $13,367,577. Corporate insiders own 6.20% of the company’s stock.

Grocery Outlet 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.