Boston Partners Purchases 455,893 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO)

Boston Partners lifted its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 48.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,395,238 shares of the company's stock after acquiring an additional 455,893 shares during the quarter. Boston Partners owned approximately 1.44% of Grocery Outlet worth $21,776,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of GO. Point72 Asset Management L.P. increased its position in Grocery Outlet by 159.8% in the 3rd quarter. Point72 Asset Management L.P. now owns 1,235,078 shares of the company's stock valued at $21,676,000 after acquiring an additional 759,697 shares during the period. Jane Street Group LLC increased its holdings 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 purchasing an additional 406,039 shares during the period. Barclays PLC raised its position in Grocery Outlet by 1,224.1% during the 3rd quarter. Barclays PLC now owns 300,393 shares of the company's stock worth $5,271,000 after purchasing an additional 277,706 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Grocery Outlet by 112.6% during the 4th quarter. First Eagle Investment Management LLC now owns 474,000 shares of the company's stock worth $7,399,000 after buying an additional 251,000 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Grocery Outlet by 14.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,170,470 shares of the company's stock valued at $20,542,000 after buying an additional 147,312 shares during the last quarter. Institutional investors own 99.87% of the company's stock.

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Insider Activity

In other Grocery Outlet news, Director Erik D. Ragatz bought 165,000 shares of the firm's stock in a transaction dated Friday, February 28th. The stock was bought at an average cost of $12.25 per share, with a total value of $2,021,250.00. Following the completion of the transaction, the director now directly owns 201,500 shares in the company, valued at approximately $2,468,375. The trade was a 452.05 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Christopher M. Miller purchased 10,000 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The stock was acquired at an average cost of $11.68 per share, for a total transaction of $116,800.00. Following the transaction, the chief financial officer now owns 10,000 shares in the company, valued at $116,800. This represents a ∞ increase in their position. The disclosure for this purchase 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. Corporate insiders own 4.50% of the company's stock.

Analyst Ratings Changes

GO has been the subject of a number of analyst reports. Bank of America lowered their price objective on Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Telsey Advisory Group lowered their price target on shares of Grocery Outlet from $18.00 to $16.00 and set a "market perform" rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group reduced their price objective 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. Deutsche Bank Aktiengesellschaft downgraded shares of Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 target price for the company. in a research note on Wednesday, February 26th. Finally, Morgan Stanley cut their price target on shares of Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating on the stock in a research report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $15.25.

Grocery Outlet Stock Down 4.8 %

Shares of GO traded down $0.61 during trading hours on Tuesday, hitting $12.21. The stock had a trading volume of 1,515,960 shares, compared to its average volume of 2,049,818. The firm has a 50 day simple moving average of $14.81 and a 200-day simple moving average of $16.34. Grocery Outlet Holding Corp. has a 1-year low of $10.26 and a 1-year high of $29.13. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33. The firm has a market capitalization of $1.19 billion, a P/E ratio of 23.94, a price-to-earnings-growth ratio of 9.08 and a beta of 0.36.

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.