36,124 Shares in Grocery Outlet Holding Corp. (NASDAQ:GO) Acquired by Versor Investments LP

Versor Investments LP acquired a new stake in Grocery Outlet Holding Corp. (NASDAQ:GO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 36,124 shares of the company’s stock, valued at approximately $634,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC purchased a new stake in Grocery Outlet during the 1st quarter worth about $25,000. Swiss National Bank boosted its position in shares of Grocery Outlet by 0.6% in the 1st quarter. Swiss National Bank now owns 186,100 shares of the company’s stock valued at $5,356,000 after purchasing an additional 1,200 shares during the period. Russell Investments Group Ltd. grew its position in shares of Grocery Outlet by 15.2% during the first quarter. Russell Investments Group Ltd. now owns 186,511 shares of the company’s stock worth $5,368,000 after acquiring an additional 24,543 shares during the last quarter. Bleakley Financial Group LLC purchased a new position in Grocery Outlet during the 1st quarter worth $217,000. Finally, Entropy Technologies LP purchased a new position in shares of Grocery Outlet during the first quarter worth about $435,000. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Melius Research began coverage on shares of Grocery Outlet in a research note on Monday, September 23rd. They issued a “hold” rating and a $17.00 price objective on the stock. Roth Capital raised shares of Grocery Outlet from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Roth Mkm reduced their price objective on shares of Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Telsey Advisory Group decreased their price target on Grocery Outlet from $19.00 to $18.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Finally, TD Cowen downgraded Grocery Outlet from a “buy” rating to a “hold” rating and dropped their price objective for the company from $25.00 to $16.00 in a research note on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $18.00.

Insiders Place Their Bets

In other news, Director Eric J. Jr. Lindberg sold 100,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $18.90, for a total transaction of $1,890,000.00. Following the completion of the sale, the director now directly owns 70,938 shares in the company, valued at $1,340,728.20. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Grocery Outlet news, Director Eric J. Jr. Lindberg sold 100,000 shares of Grocery Outlet stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $18.90, for a total transaction of $1,890,000.00. Following the transaction, the director now directly owns 70,938 shares of the company’s stock, valued at $1,340,728.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Eric J. Jr. Lindberg sold 200,095 shares of the stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $16.29, for a total transaction of $3,259,547.55. Following the completion of the sale, the director now directly owns 70,938 shares of the company’s stock, valued at $1,155,580.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 500,095 shares of company stock valued at $8,876,548. Insiders own 4.50% of the company’s stock.

Grocery Outlet Stock Up 0.2 %

GO opened at $19.11 on Thursday. The firm has a market cap of $1.86 billion, a P/E ratio of 37.86, a PEG ratio of 4.76 and a beta of 0.13. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The business’s fifty day simple moving average is $16.57 and its 200 day simple moving average is $19.42. Grocery Outlet Holding Corp. has a 52 week low of $13.60 and a 52 week high of $29.98.

Grocery Outlet (NASDAQ:GO) last released its earnings results on Tuesday, November 5th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Grocery Outlet had a net margin of 1.20% and a return on equity of 5.25%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $0.25 EPS. Grocery Outlet’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, equities research analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 EPS for the current fiscal year.

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.