Advantage Alpha Capital Partners LP Acquires 112,233 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO)

Advantage Alpha Capital Partners LP grew its stake in Grocery Outlet Holding Corp. (NASDAQ:GO) by 61.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,445 shares of the company’s stock after acquiring an additional 112,233 shares during the period. Advantage Alpha Capital Partners LP owned 0.30% of Grocery Outlet worth $4,612,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in Grocery Outlet during the 4th quarter worth about $31,000. KBC Group NV lifted its holdings 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 purchasing an additional 1,736 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Grocery Outlet in the third quarter valued at approximately $75,000. PNC Financial Services Group Inc. boosted its holdings 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 purchasing an additional 4,040 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new position in Grocery Outlet in the fourth quarter worth approximately $161,000. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Grocery Outlet

In other news, Director Erik D. Ragatz purchased 165,000 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were purchased at an average price of $12.25 per share, with a total value of $2,021,250.00. Following the purchase, the director now directly owns 201,500 shares of the company’s stock, valued at approximately $2,468,375. This represents a 452.05 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Christopher M. Miller purchased 10,000 shares of the business’s stock in a transaction that occurred on 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 purchase, the chief financial officer now owns 10,000 shares of the company’s stock, valued at approximately $116,800. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 200,000 shares of company stock valued at $2,435,050 and sold 17,756 shares valued at $216,892. Company insiders own 4.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Bank of America dropped their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft lowered shares of Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price target on the stock. in a research note on Wednesday, February 26th. The Goldman Sachs Group lowered their target price on Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th. Telsey Advisory Group cut their price objective on Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday, February 26th. Finally, Morgan Stanley cut their price target on Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating for the company in a research note on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.25.

Grocery Outlet Stock Up 0.4 %

Shares of NASDAQ:GO opened at $12.68 on Monday. The stock has a market capitalization of $1.23 billion, a P/E ratio of 24.86, a PEG ratio of 9.08 and a beta of 0.36. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. Grocery Outlet Holding Corp. has a 1 year low of $10.26 and a 1 year high of $29.13. The stock has a 50-day simple moving average of $14.89 and a 200-day simple moving average of $16.37.

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.