Illinois Municipal Retirement Fund Has $908,000 Stake in Grocery Outlet Holding Corp. (NASDAQ:GO)

Illinois Municipal Retirement Fund reduced its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 58,179 shares of the company’s stock after selling 1,207 shares during the period. Illinois Municipal Retirement Fund’s holdings in Grocery Outlet were worth $908,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Blue Trust Inc. grew its position in shares of Grocery Outlet by 76.6% in the 3rd quarter. Blue Trust Inc. now owns 1,665 shares of the company’s stock valued at $29,000 after acquiring an additional 722 shares during the period. Decker Retirement Planning Inc. bought a new position in shares of Grocery Outlet in the 4th quarter valued at about $31,000. Capital Performance Advisors LLP bought a new position in shares of Grocery Outlet in the 3rd quarter valued at about $32,000. KBC Group NV boosted its holdings in shares of Grocery Outlet by 62.7% during the 4th quarter. KBC Group NV now owns 4,506 shares of the company’s stock worth $70,000 after buying an additional 1,736 shares during the period. Finally, True Wealth Design LLC bought a new stake in shares of Grocery Outlet during the 3rd quarter worth about $75,000. Institutional investors and hedge funds own 99.87% of the company’s stock.

Grocery Outlet Price Performance

GO stock opened at $11.87 on Monday. The company has a 50 day simple moving average of $15.95 and a 200 day simple moving average of $17.02. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 23.27, a P/E/G ratio of 9.08 and a beta of 0.32. Grocery Outlet Holding Corp. has a 1 year low of $10.26 and a 1 year high of $29.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33.

Insider Buying and Selling

In other news, CFO Christopher M. Miller acquired 10,000 shares of Grocery Outlet stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of $11.68 per share, with a total value of $116,800.00. Following the purchase, the chief financial officer now owns 10,000 shares in the company, valued at $116,800. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.

Analyst Ratings Changes

GO has been the subject of several research analyst reports. TD Cowen downgraded shares of Grocery Outlet from a “buy” rating to a “hold” rating and reduced their target price for the stock from $25.00 to $16.00 in a report on Wednesday, November 6th. Roth Mkm reduced their target price on shares of Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Bank of America dropped their price objective on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th. UBS Group dropped their price objective on shares of Grocery Outlet from $21.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Finally, Telsey Advisory Group dropped their price objective on shares of Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating for the company in a research note on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.25.

Grocery Outlet Company 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.