Grocery Outlet Holding Corp. (NASDAQ:GO) Holdings Raised by Ieq Capital LLC

Ieq Capital LLC boosted its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO) by 218.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 116,885 shares of the company’s stock after acquiring an additional 80,125 shares during the period. Ieq Capital LLC owned about 0.12% of Grocery Outlet worth $1,825,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Alberta Investment Management Corp grew its stake in shares of Grocery Outlet by 55.2% in the fourth quarter. Alberta Investment Management Corp now owns 73,644 shares of the company’s stock worth $1,150,000 after purchasing an additional 26,201 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Grocery Outlet by 124.7% in the fourth quarter. New York State Common Retirement Fund now owns 88,350 shares of the company’s stock worth $1,379,000 after buying an additional 49,035 shares during the period. Principal Financial Group Inc. grew its stake in Grocery Outlet by 2.1% during the 4th quarter. Principal Financial Group Inc. now owns 471,098 shares of the company’s stock valued at $7,354,000 after acquiring an additional 9,758 shares in the last quarter. Choreo LLC acquired a new position in Grocery Outlet in the 4th quarter valued at approximately $245,000. Finally, Washington Capital Management Inc. increased its position in Grocery Outlet by 27.4% in the 4th quarter. Washington Capital Management Inc. now owns 28,400 shares of the company’s stock worth $443,000 after purchasing an additional 6,100 shares during the last quarter. Institutional investors own 99.87% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GO. TD Cowen lowered shares of Grocery Outlet from a “buy” rating to a “hold” rating and dropped their price target for the company from $25.00 to $16.00 in a research report on Wednesday, November 6th. The Goldman Sachs Group cut their target price on shares of Grocery Outlet from $17.00 to $15.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Grocery Outlet from $29.00 to $26.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. UBS Group lowered their target price on 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 reaffirmed a “market perform” rating and issued a $18.00 price objective on shares of Grocery Outlet in a research note on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.00.

Grocery Outlet Stock Down 1.4 %

NASDAQ GO opened at $15.68 on Monday. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 30.75, a PEG ratio of 9.08 and a beta of 0.32. Grocery Outlet Holding Corp. has a 1-year low of $13.60 and a 1-year high of $29.19. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average of $16.31 and a 200-day moving average of $17.23.

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.