Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors trimmed its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 11.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,752 shares of the company’s stock after selling 2,555 shares during the quarter. Captrust Financial Advisors’ holdings in Grocery Outlet were worth $308,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in GO. BNP Paribas Financial Markets boosted its position in shares of Grocery Outlet by 46.1% during the 4th quarter. BNP Paribas Financial Markets now owns 241,835 shares of the company’s stock valued at $3,775,000 after acquiring an additional 76,355 shares during the last quarter. Algert Global LLC purchased a new stake in shares of Grocery Outlet during the fourth quarter worth approximately $414,000. Solel Partners LP increased its stake in Grocery Outlet by 2.1% in the fourth quarter. Solel Partners LP now owns 2,491,567 shares of the company’s stock valued at $38,893,000 after purchasing an additional 51,367 shares during the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Grocery Outlet in the fourth quarter valued at approximately $13,602,000. Finally, Schonfeld Strategic Advisors LLC boosted its holdings in shares of Grocery Outlet by 76.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 28,741 shares of the company’s stock valued at $449,000 after acquiring an additional 12,440 shares during the period. 99.87% of the stock is owned by hedge funds and other institutional investors.

Grocery Outlet Price Performance

Grocery Outlet stock opened at $13.97 on Wednesday. Grocery Outlet Holding Corp. has a one year low of $10.26 and a one year high of $23.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. The business has a fifty day moving average of $14.32 and a two-hundred day moving average of $15.78. The company has a market cap of $1.37 billion, a P/E ratio of 27.39, a price-to-earnings-growth ratio of 9.08 and a beta of 0.42.

Grocery Outlet (NASDAQ:GO) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.07 by $0.06. Grocery Outlet had a return on equity of 5.25% and a net margin of 1.20%. The business had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. During the same quarter in the previous year, the company posted $0.09 EPS. The business’s revenue was up 8.6% on a year-over-year basis. As a group, analysts predict that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current fiscal year.

Insider Activity at Grocery Outlet

In other news, CFO Christopher M. Miller bought 10,000 shares of the firm’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $11.68 per share, for a total transaction of $116,800.00. Following the acquisition, the chief financial officer now owns 10,000 shares of the company’s stock, valued at $116,800. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Steven K. Wilson sold 6,477 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total value of $73,449.18. Following the sale, the executive vice president now owns 173,605 shares of the company’s stock, valued at $1,968,680.70. The trade was a 3.60% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders bought 219,000 shares of company stock valued at $2,709,790 and sold 17,756 shares valued at $216,892. 4.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on GO shares. UBS Group increased their price target on Grocery Outlet from $14.50 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 7th. Jefferies Financial Group raised Grocery Outlet from a “hold” rating to a “buy” rating and increased their price target for the stock from $13.00 to $18.00 in a report on Wednesday, April 16th. Morgan Stanley decreased their price target on Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating for the company in a report on Wednesday, February 26th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $16.00 price target on shares of Grocery Outlet in a report on Wednesday, April 30th. Finally, Wells Fargo & Company increased their price target on Grocery Outlet from $18.00 to $19.00 and gave the stock an “overweight” rating in a report on Wednesday, May 7th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Grocery Outlet has a consensus rating of “Hold” and a consensus target price of $15.62.

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.