SG Americas Securities LLC Makes New Investment in Grocery Outlet Holding Corp. (NASDAQ:GO)

SG Americas Securities LLC acquired a new stake in Grocery Outlet Holding Corp. (NASDAQ:GOFree Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 42,130 shares of the company’s stock, valued at approximately $658,000.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Grocery Outlet by 76.6% in the third quarter. Blue Trust Inc. now owns 1,665 shares of the company’s stock worth $29,000 after acquiring an additional 722 shares in the last quarter. Decker Retirement Planning Inc. acquired a new position in shares of Grocery Outlet during the fourth quarter worth approximately $31,000. Capital Performance Advisors LLP bought a new position in shares of Grocery Outlet in the 3rd quarter worth $32,000. True Wealth Design LLC acquired a new stake in Grocery Outlet in the 3rd quarter valued at $75,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Grocery Outlet in the 3rd quarter valued at $181,000. Institutional investors and hedge funds own 99.87% of the company’s stock.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, Director Erik D. Ragatz acquired 110,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were acquired at an average cost of $18.25 per share, with a total value of $2,007,500.00. Following the completion of the acquisition, the director now directly owns 539,785 shares in the company, valued at $9,851,076.25. This trade represents a 25.59 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Grocery Outlet Stock Down 3.8 %

GO stock opened at $16.14 on Friday. The stock has a market cap of $1.57 billion, a P/E ratio of 31.65, a P/E/G ratio of 16.14 and a beta of 0.31. 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 stock’s fifty day simple moving average is $17.41 and its two-hundred day simple moving average is $17.66. Grocery Outlet Holding Corp. has a 1-year low of $13.60 and a 1-year high of $29.19.

Grocery Outlet (NASDAQ:GOGet Free Report) last released its earnings results on Tuesday, November 5th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Grocery Outlet had a return on equity of 5.25% and a net margin of 1.20%. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the business posted $0.25 EPS. The business’s revenue for the quarter was up 10.4% compared to the same quarter last year. Analysts expect that Grocery Outlet Holding Corp. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GO. The Goldman Sachs Group dropped their price objective on shares of Grocery Outlet from $17.00 to $15.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Craig Hallum dropped their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Roth Mkm decreased their price objective on Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Loop Capital started coverage on Grocery Outlet in a report on Thursday, October 17th. They issued a “hold” rating and a $17.00 target price on the stock. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $18.00 price target on shares of Grocery Outlet in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Grocery Outlet currently has a consensus rating of “Hold” and an average price target of $18.00.

Read Our Latest Stock Analysis on Grocery Outlet

Grocery Outlet Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Grocery Outlet (NASDAQ:GO)

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