Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Bought by Invesco Ltd.

Invesco Ltd. increased its position in Grocery Outlet Holding Corp. (NASDAQ:GO) by 11.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 834,373 shares of the company’s stock after acquiring an additional 83,043 shares during the period. Invesco Ltd. owned approximately 0.86% of Grocery Outlet worth $13,025,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Decker Retirement Planning Inc. bought a new stake in shares of Grocery Outlet during the fourth quarter valued at about $31,000. Aster Capital Management DIFC Ltd acquired a new stake in shares of Grocery Outlet in the 4th quarter worth approximately $41,000. Quadrant Capital Group LLC boosted its holdings in shares of Grocery Outlet by 276.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company’s stock valued at $43,000 after acquiring an additional 2,036 shares in the last quarter. KBC Group NV raised its holdings in Grocery Outlet by 62.7% during the fourth quarter. KBC Group NV now owns 4,506 shares of the company’s stock worth $70,000 after purchasing an additional 1,736 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Grocery Outlet by 472.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company’s stock worth $76,000 after purchasing an additional 4,040 shares during the period. 99.87% of the stock is currently owned by institutional investors.

Grocery Outlet Trading Up 3.8 %

NASDAQ:GO opened at $15.74 on Tuesday. The stock’s 50-day moving average is $13.70 and its two-hundred day moving average is $15.92. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33. The stock has a market cap of $1.54 billion, a PE ratio of 30.86, a price-to-earnings-growth ratio of 9.08 and a beta of 0.40. Grocery Outlet Holding Corp. has a fifty-two week low of $10.26 and a fifty-two week high of $27.64.

Insider Activity at Grocery Outlet

In other Grocery Outlet news, CFO Christopher M. Miller acquired 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $11.68 per share, with a total value of $116,800.00. Following the completion of the transaction, the chief financial officer now owns 10,000 shares in the company, valued at $116,800. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven K. Wilson sold 6,682 shares of the stock in a transaction on Monday, March 10th. The stock was sold at an average price of $13.16, for a total transaction of $87,935.12. Following the transaction, the executive vice president now owns 166,923 shares in the company, valued at approximately $2,196,706.68. This trade represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 200,000 shares of company stock valued at $2,435,050 and have sold 17,756 shares valued at $216,892. 4.50% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

GO has been the topic of a number of research reports. Wells Fargo & Company dropped their price objective on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Bank of America lowered their price objective on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Telsey Advisory Group reduced their target price on shares of Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group decreased their price target on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a research report on Thursday, February 27th. Finally, Jefferies Financial Group upgraded Grocery Outlet from a “hold” rating to a “buy” rating and lifted their target price for the stock from $13.00 to $18.00 in a report on Wednesday, April 16th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Grocery Outlet presently has a consensus rating of “Hold” and a consensus price target of $15.46.

About Grocery Outlet

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.