Grocery Outlet Holding Corp (GO)

Natixis Advisors L.P. Invests $291,000 in Grocery Outlet Holding Corp. (NASDAQ:GO)

Natixis Advisors L.P. purchased a new position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,801 shares of the company’s stock, valued at approximately $291,000. Several other hedge funds and other institutional investors have also made changes to their positions in GO. Acadian Asset Management LLC acquired a new position in Grocery Outlet in the 3rd quarter valued at about $113,000. Headlands Technologies LLC increased its stake in shares of Grocery Outlet by 32,200.0% during the 4th quarter. Headlands Technologies LLC now owns 4,845 shares of the company’s stock valued at $131,000 after acquiring an additional 4,830 shares during the last quarter. Corton Capital Inc. acquired a new position in shares of Grocery Outlet during the 3rd quarter valued at about $216,000. Numerai GP LLC acquired a new position in shares of Grocery Outlet during the 3rd quarter valued at about $236,000. Finally, MQS Management LLC acquired a new position in shares of Grocery Outlet during the 3rd quarter valued at about $280,000. Institutional investors and hedge funds own 99.87% of the company’s stock. Wall Street Analysts Forecast Growth GO has been the subject of a number of research reports. Craig Hallum upgraded Grocery Outlet from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, February 28th. Roth Mkm decreased their target price on Grocery Outlet from $27.00 to $22.00 and set a “neutral” rating for the company in a report on Thursday, May 9th. The Goldman Sachs Group decreased their price target on Grocery Outlet from $24.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, May 9th. TD Cowen decreased their price target on Grocery Outlet from $43.00 to $25.00 and set a “buy” rating for the company in a report on Friday, May 10th. Finally, UBS Group decreased their price target on Grocery Outlet from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $28.90. View Our Latest Report on GO Insiders Place Their Bets In other Grocery Outlet news, Director Thomas F. Herman sold 2,000 shares of the stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $29.00, for a total value of $58,000.00. Following the sale, the director now directly owns 11,400 shares of the company’s stock, valued at $330,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Robert Joseph Jr. Sheedy sold 10,456 shares of Grocery Outlet stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $26.33, for a total transaction of $275,306.48. Following the sale, the chief executive officer now directly owns 198,992 shares in the company, valued at $5,239,459.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Thomas F. Herman sold 2,000 shares of Grocery Outlet stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $29.00, for a total transaction of $58,000.00. Following the sale, the director now owns 11,400 shares in the company, valued at $330,600. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 146,500 shares of company stock valued at $3,323,025 and have sold 506,588 shares valued at $13,367,577. 4.50% of the stock is owned by corporate insiders. Grocery Outlet Stock Performance GO stock opened at $22.47 on Monday. 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 cap of $2.24 billion, a P/E ratio of 35.11, a P/E/G ratio of 3.39 and a beta of 0.13. Grocery Outlet Holding Corp. has a 12-month low of $19.73 and a 12-month high of $36.54. The stock’s 50 day simple moving average is $26.11 and its 200 day simple moving average is $26.71. Grocery Outlet (NASDAQ:GO – Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The business had revenue of $989.82 million for the quarter, compared to analyst estimates of $982.44 million. Grocery Outlet had a return on equity of 5.46% and a net margin of 1.60%. As a group, equities research analysts predict that Grocery Outlet Holding Corp. will post 0.72 EPS for the current year. Grocery Outlet Company Profile (Free Report) 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. Read More Five stocks we like better than Grocery Outlet What is a Secondary Public Offering? 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