Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. reduced its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 27.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 540,000 shares of the company’s stock after selling 200,000 shares during the period. Federated Hermes Inc. owned 0.56% of Grocery Outlet worth $8,429,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of GO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Grocery Outlet by 1.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 290,036 shares of the company’s stock valued at $5,090,000 after purchasing an additional 4,107 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Grocery Outlet during the 3rd quarter worth about $391,000. State Street Corp raised its holdings in Grocery Outlet by 0.6% in the 3rd quarter. State Street Corp now owns 3,407,152 shares of the company’s stock valued at $59,796,000 after buying an additional 21,237 shares during the period. Jane Street Group LLC lifted its position in Grocery Outlet by 357.7% in the third quarter. Jane Street Group LLC now owns 519,542 shares of the company’s stock valued at $9,118,000 after buying an additional 406,039 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Grocery Outlet during the third quarter worth about $511,000. 99.87% of the stock is owned by hedge funds and other institutional investors.

Grocery Outlet Trading Up 2.5 %

NASDAQ GO opened at $14.21 on Friday. Grocery Outlet Holding Corp. has a 52 week low of $10.26 and a 52 week high of $27.65. The firm has a 50 day moving average of $14.03 and a two-hundred day moving average of $16.03. The stock has a market capitalization of $1.39 billion, a PE ratio of 27.86, a price-to-earnings-growth ratio of 9.08 and a beta of 0.40. 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

A number of research firms have recently issued reports on GO. Bank of America reduced their price target on shares of 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 Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 26th. Telsey Advisory Group dropped their price objective on 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. The Goldman Sachs Group decreased their target price on Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th. Finally, Deutsche Bank Aktiengesellschaft downgraded Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $15.25.

Insider Buying and Selling

In other news, EVP Steven K. Wilson sold 6,477 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 $73,449.18. Following the completion of the sale, the executive vice president now owns 173,605 shares in the company, valued at approximately $1,968,680.70. The trade was a 3.60 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Lindsay E. Gray sold 2,741 shares of the stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 41,448 shares in the company, valued at $470,020.32. This trade represents a 6.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders bought 200,000 shares of company stock worth $2,435,050 and sold 17,756 shares worth $216,892. Insiders own 4.50% of the company’s stock.

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.