27,900 Shares in Grocery Outlet Holding Corp. (NASDAQ:GO) Purchased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,900 shares of the company’s stock, valued at approximately $752,000.

Other large investors have also recently added to or reduced their stakes in the company. WCM Investment Management LLC grew its position in Grocery Outlet by 4.8% during the fourth quarter. WCM Investment Management LLC now owns 946,674 shares of the company’s stock worth $25,532,000 after buying an additional 43,352 shares during the period. Hsbc Holdings PLC grew its position in Grocery Outlet by 1,410.7% during the third quarter. Hsbc Holdings PLC now owns 138,349 shares of the company’s stock worth $3,983,000 after buying an additional 129,191 shares during the period. State of Michigan Retirement System grew its position in Grocery Outlet by 6.8% during the third quarter. State of Michigan Retirement System now owns 23,580 shares of the company’s stock worth $680,000 after buying an additional 1,500 shares during the period. Barclays PLC grew its position in Grocery Outlet by 88.6% during the third quarter. Barclays PLC now owns 100,361 shares of the company’s stock worth $2,897,000 after buying an additional 47,140 shares during the period. Finally, 12 West Capital Management LP grew its position in Grocery Outlet by 50.0% during the third quarter. 12 West Capital Management LP now owns 300,000 shares of the company’s stock worth $8,655,000 after buying an additional 100,000 shares during the period. 99.87% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Thomas F. Herman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $29.00, for a total transaction of $58,000.00. Following the sale, the director now owns 11,400 shares in the company, valued at $330,600. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Grocery Outlet news, Director Thomas F. Herman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $29.00, for a total transaction of $58,000.00. Following the transaction, the director now owns 11,400 shares of the company’s stock, valued at $330,600. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Thomas F. Herman sold 1,000 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $29.00, for a total transaction of $29,000.00. Following the transaction, the director now directly owns 10,400 shares in the company, valued at approximately $301,600. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 506,588 shares of company stock worth $13,367,577. 6.20% of the stock is owned by insiders.

Grocery Outlet Stock Down 3.8 %

Shares of NASDAQ GO opened at $26.17 on Friday. Grocery Outlet Holding Corp. has a 1 year low of $23.41 and a 1 year high of $36.54. The firm’s 50 day moving average price is $26.97 and its 200 day moving average price is $27.16. The firm has a market cap of $2.62 billion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 2.62 and a beta of 0.10. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.43 and a current ratio of 1.35.

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

Analyst Upgrades and Downgrades

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

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.