Alberta Investment Management Corp Purchases 26,201 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO)

Alberta Investment Management Corp lifted its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO) by 55.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 73,644 shares of the company’s stock after purchasing an additional 26,201 shares during the quarter. Alberta Investment Management Corp owned 0.08% of Grocery Outlet worth $1,150,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. State Street Corp raised its position in Grocery Outlet by 0.6% during the third quarter. State Street Corp now owns 3,407,152 shares of the company’s stock valued at $59,796,000 after purchasing an additional 21,237 shares during the period. Geneva Capital Management LLC increased its position in shares of Grocery Outlet by 0.9% during the 3rd quarter. Geneva Capital Management LLC now owns 1,575,495 shares of the company’s stock valued at $27,650,000 after purchasing an additional 13,561 shares during the last quarter. WCM Investment Management LLC increased its position in shares of Grocery Outlet by 3.8% during the 3rd quarter. WCM Investment Management LLC now owns 1,264,133 shares of the company’s stock valued at $22,337,000 after purchasing an additional 46,632 shares during the last quarter. Point72 Asset Management L.P. raised its holdings in Grocery Outlet by 159.8% during the 3rd quarter. Point72 Asset Management L.P. now owns 1,235,078 shares of the company’s stock valued at $21,676,000 after buying an additional 759,697 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in Grocery Outlet by 14.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,170,470 shares of the company’s stock worth $20,542,000 after buying an additional 147,312 shares during the last quarter. Institutional investors own 99.87% of the company’s stock.

Grocery Outlet Trading Down 1.4 %

GO opened at $15.68 on Friday. Grocery Outlet Holding Corp. has a 52 week low of $13.60 and a 52 week high of $29.19. The company has a market capitalization of $1.52 billion, a P/E ratio of 30.75, a PEG ratio of 9.14 and a beta of 0.32. The stock’s fifty day moving average is $16.31 and its two-hundred day moving average is $17.26. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on GO shares. Wells Fargo & Company reduced their target price on shares of Grocery Outlet from $26.00 to $23.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 6th. Bank of America lowered shares of Grocery Outlet from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $29.00 to $17.00 in a research report on Wednesday, October 30th. Telsey Advisory Group restated a “market perform” rating and set a $18.00 target price on shares of Grocery Outlet in a research report on Wednesday, January 22nd. Deutsche Bank Aktiengesellschaft reduced their price target on Grocery Outlet from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group decreased their price target on Grocery Outlet from $17.00 to $15.00 and set a “sell” rating for the company in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $18.00.

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.