D. E. Shaw & Co. Inc. Has $518,000 Stock Position in Grocery Outlet Holding Corp. (NASDAQ:GO)

D. E. Shaw & Co. Inc. lessened its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO) by 50.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 33,200 shares of the company’s stock after selling 33,980 shares during the period. D. E. Shaw & Co. Inc.’s holdings in Grocery Outlet were worth $518,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Aster Capital Management DIFC Ltd acquired a new position in Grocery Outlet during the fourth quarter valued at approximately $41,000. Quadrant Capital Group LLC boosted its holdings in shares of Grocery Outlet by 276.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company’s stock worth $43,000 after buying an additional 2,036 shares during the period. KBC Group NV grew its stake in Grocery Outlet by 62.7% in the 4th quarter. KBC Group NV now owns 4,506 shares of the company’s stock valued at $70,000 after buying an additional 1,736 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in Grocery Outlet by 472.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company’s stock valued at $76,000 after buying an additional 4,040 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in Grocery Outlet by 53.9% in the 4th quarter. Sterling Capital Management LLC now owns 5,808 shares of the company’s stock worth $91,000 after acquiring an additional 2,034 shares during the period. 99.87% of the stock is currently owned by institutional investors.

Insider Transactions at Grocery Outlet

In other Grocery Outlet news, EVP Steven K. Wilson sold 6,477 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total value of $73,449.18. Following the transaction, the executive vice president now directly owns 173,605 shares in the company, valued at $1,968,680.70. The trade was a 3.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Lindsay E. Gray sold 2,741 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total transaction of $31,082.94. Following the sale, the senior vice president now directly owns 41,448 shares of the company’s stock, valued at approximately $470,020.32. The trade was a 6.20% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 219,000 shares of company stock valued at $2,709,790 and sold 19,124 shares valued at $235,730. 4.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. UBS Group upped their price target on shares of Grocery Outlet from $14.50 to $17.00 and gave the company a “neutral” rating in a report on Wednesday, May 7th. Bank of America decreased their target price on Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. Telsey Advisory Group reissued a “market perform” rating and issued a $16.00 price objective on shares of Grocery Outlet in a research report on Wednesday, April 30th. Deutsche Bank Aktiengesellschaft lowered shares of Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company upped their target price on shares of Grocery Outlet from $18.00 to $19.00 and gave the company an “overweight” rating in a research note on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Grocery Outlet currently has an average rating of “Hold” and an average price target of $15.62.

Grocery Outlet Price Performance

NASDAQ:GO opened at $13.29 on Monday. 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 company has a 50-day moving average of $14.37 and a 200-day moving average of $15.74. Grocery Outlet Holding Corp. has a 52 week low of $10.26 and a 52 week high of $22.79. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 26.06, a PEG ratio of 9.08 and a beta of 0.42.

Grocery Outlet (NASDAQ:GO) last posted 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. The firm had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Grocery Outlet had a net margin of 1.20% and a return on equity of 5.25%. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.09 earnings per share. As a group, equities research analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current fiscal year.

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.