Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Bought by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP boosted its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 61.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 295,445 shares of the company’s stock after buying an additional 112,233 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Grocery Outlet were worth $4,612,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in GO. Decker Retirement Planning Inc. purchased a new position in Grocery Outlet in the 4th quarter worth about $31,000. KBC Group NV grew its position in 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 purchasing an additional 1,736 shares in the last quarter. True Wealth Design LLC purchased a new stake in shares of Grocery Outlet in the third quarter valued at $75,000. PNC Financial Services Group Inc. lifted its stake 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 worth $76,000 after acquiring an additional 4,040 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Grocery Outlet during the 4th quarter worth about $161,000. Institutional investors own 99.87% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Activity

In other Grocery Outlet news, EVP Steven K. Wilson sold 6,477 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total transaction of $73,449.18. Following the transaction, the executive vice president now owns 173,605 shares in the company, valued at $1,968,680.70. This trade represents a 3.60 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Lindsay E. Gray sold 2,741 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total transaction of $31,082.94. Following the transaction, the senior vice president now owns 41,448 shares of the company’s stock, valued at approximately $470,020.32. This represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have acquired 200,000 shares of company stock worth $2,435,050 and have sold 17,756 shares worth $216,892. 4.50% of the stock is currently owned by company insiders.

Grocery Outlet Stock Up 0.4 %

Grocery Outlet stock opened at $12.68 on Monday. The company’s 50 day simple moving average is $14.89 and its 200 day simple moving average is $16.37. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 24.86, a PEG ratio of 9.08 and a beta of 0.36. Grocery Outlet Holding Corp. has a fifty-two week low of $10.26 and a fifty-two week high of $29.13.

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.