Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Bought by Kennedy Capital Management LLC

Kennedy Capital Management LLC lifted its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO) by 3.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 275,569 shares of the company’s stock after purchasing an additional 10,220 shares during the period. Kennedy Capital Management LLC owned about 0.28% of Grocery Outlet worth $7,931,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in GO. Boulder Hill Capital Management LP acquired a new position in Grocery Outlet during the 4th quarter worth about $2,038,000. Charles Schwab Investment Management Inc. increased its position in Grocery Outlet by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 879,116 shares of the company’s stock worth $23,701,000 after buying an additional 38,506 shares during the period. WCM Investment Management LLC lifted its stake in Grocery Outlet by 4.8% in the fourth quarter. WCM Investment Management LLC now owns 946,674 shares of the company’s stock valued at $25,532,000 after buying an additional 43,352 shares during the last quarter. Capstone Investment Advisors LLC boosted its stake in Grocery Outlet by 161.1% during the 1st quarter. Capstone Investment Advisors LLC now owns 93,188 shares of the company’s stock worth $2,682,000 after purchasing an additional 57,496 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in shares of Grocery Outlet by 4.6% during the fourth quarter. Mackenzie Financial Corp now owns 4,926,336 shares of the company’s stock worth $132,814,000 after buying an additional 216,257 shares during the period. Institutional investors and hedge funds own 99.87% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on GO shares. Wells Fargo & Company started coverage on Grocery Outlet in a report on Thursday, July 18th. They issued an “overweight” rating and a $28.00 target price for the company. Roth Mkm cut their target price on shares of Grocery Outlet from $27.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. UBS Group decreased their target price on Grocery Outlet from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, May 8th. Craig Hallum lowered shares of Grocery Outlet from a “buy” rating to a “hold” rating and set a $20.00 price objective on the stock. in a research note on Wednesday. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $31.00 target price on shares of Grocery Outlet in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $27.36.

Grocery Outlet Price Performance

GO stock traded down $1.93 during trading on Wednesday, hitting $19.14. The company had a trading volume of 920,169 shares, compared to its average volume of 1,666,019. The business has a 50 day moving average of $21.32 and a 200 day moving average of $24.27. The company has a current ratio of 1.25, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $1.91 billion, a price-to-earnings ratio of 29.94, a P/E/G ratio of 3.85 and a beta of 0.09. Grocery Outlet Holding Corp. has a fifty-two week low of $18.79 and a fifty-two week high of $36.54.

Grocery Outlet (NASDAQ:GO) last released its quarterly earnings results on Tuesday, May 7th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). Grocery Outlet had a net margin of 1.60% and a return on equity of 5.46%. The company had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. As a group, research analysts predict that Grocery Outlet Holding Corp. will post 0.69 earnings per share for the current year.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, EVP Luke D. Thompson sold 1,332 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $22.43, for a total value of $29,876.76. Following the completion of the sale, the executive vice president now owns 32,306 shares in the company, valued at approximately $724,623.58. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, Director John E. Bachman purchased 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average cost of $20.09 per share, for a total transaction of $200,900.00. Following the transaction, the director now directly owns 25,872 shares of the company’s stock, valued at approximately $519,768.48. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Luke D. Thompson sold 1,332 shares of the firm’s stock in a transaction that occurred on Tuesday, May 21st. The stock was sold at an average price of $22.43, for a total transaction of $29,876.76. Following the sale, the executive vice president now owns 32,306 shares in the company, valued at $724,623.58. The disclosure for this sale can be found here. Company insiders own 4.50% of the company’s stock.

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.