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

Advantage Alpha Capital Partners LP raised its holdings in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 61.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 295,445 shares of the company's stock after acquiring an additional 112,233 shares during the period. Advantage Alpha Capital Partners LP owned approximately 0.30% of Grocery Outlet worth $4,612,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GO. Cedar Wealth Management LLC lifted its position in shares of Grocery Outlet by 3.9% during the 4th quarter. Cedar Wealth Management LLC now owns 20,370 shares of the company's stock valued at $318,000 after buying an additional 765 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Grocery Outlet during the fourth quarter valued at $315,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Grocery Outlet in the fourth quarter valued at about $326,000. Boston Partners raised its position in shares of Grocery Outlet by 48.5% during the 4th quarter. Boston Partners now owns 1,395,238 shares of the company's stock worth $21,776,000 after purchasing an additional 455,893 shares during the last quarter. Finally, Natixis Advisors LLC purchased a new position in Grocery Outlet in the 4th quarter valued at about $240,000. Institutional investors and hedge funds own 99.87% of the company's stock.

Insider Transactions at Grocery Outlet

In related news, EVP Steven K. Wilson sold 6,682 shares of Grocery Outlet stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.16, for a total value of $87,935.12. Following the completion of the sale, the executive vice president now owns 166,923 shares in the company, valued at approximately $2,196,706.68. This trade represents a 3.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Erik D. Ragatz acquired 165,000 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average price of $12.25 per share, for a total transaction of $2,021,250.00. Following the acquisition, the director now directly owns 201,500 shares in the company, valued at approximately $2,468,375. This trade represents a 452.05 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 200,000 shares of company stock worth $2,435,050 and sold 17,756 shares worth $216,892. Company insiders own 4.50% of the company's stock.

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Grocery Outlet Trading Up 2.2 %

Grocery Outlet stock traded up $0.28 during mid-day trading on Friday, hitting $13.25. The company's stock had a trading volume of 2,321,839 shares, compared to its average volume of 2,121,745. Grocery Outlet Holding Corp. has a 1 year low of $10.26 and a 1 year high of $28.98. 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 firm has a market capitalization of $1.29 billion, a PE ratio of 25.98, a price-to-earnings-growth ratio of 9.08 and a beta of 0.36. The stock's fifty day moving average is $14.55 and its two-hundred day moving average is $16.23.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Morgan Stanley decreased their price objective on Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating on the stock in a report on Wednesday, February 26th. Bank of America decreased 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. Wells Fargo & Company dropped their price objective on shares of Grocery Outlet from $23.00 to $18.00 and set an "overweight" rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group decreased their target price on shares of 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 lowered Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 price target for the company. in a research report on Wednesday, February 26th. Two 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $15.25.

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.