Cerity Partners LLC Sells 64,060 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO)

Cerity Partners LLC lowered its stake in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 60.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,615 shares of the company's stock after selling 64,060 shares during the quarter. Cerity Partners LLC's holdings in Grocery Outlet were worth $666,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Boston Partners boosted its stake 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 acquiring an additional 455,893 shares during the last quarter. Barclays PLC raised its holdings in Grocery Outlet by 1,224.1% in 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 period. Clearbridge Investments LLC lifted its position in Grocery Outlet by 9.4% during the fourth quarter. Clearbridge Investments LLC now owns 3,158,059 shares of the company's stock valued at $49,297,000 after purchasing an additional 272,285 shares in the last quarter. First Eagle Investment Management LLC increased its position in Grocery Outlet by 112.6% in the fourth 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 in the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Grocery Outlet during the 4th quarter valued at approximately $3,812,000. Hedge funds and other institutional investors own 99.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on GO. Bank of America decreased their target price 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. Telsey Advisory Group dropped their target price 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. Deutsche Bank Aktiengesellschaft lowered Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 price objective 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, Jefferies Financial Group upgraded Grocery Outlet from a "hold" rating to a "buy" rating and upped their price target for the stock from $13.00 to $18.00 in a research note on Wednesday, April 16th. Two analysts have rated the stock with a sell rating, nine 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.com, Grocery Outlet has a consensus rating of "Hold" and an average price target of $15.46.

Insider Transactions at Grocery Outlet

In other Grocery Outlet news, EVP Steven K. Wilson sold 6,477 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total value of $73,449.18. Following the completion of the sale, the executive vice president now owns 173,605 shares of the company's stock, valued at $1,968,680.70. This trade represents a 3.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Lindsay E. Gray sold 2,741 shares of the company'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 value of $31,082.94. Following the transaction, the senior vice president now directly owns 41,448 shares in the company, valued at approximately $470,020.32. This represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders purchased 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.

Grocery Outlet Trading Down 1.7 %

GO traded down $0.27 on Friday, hitting $15.57. The company had a trading volume of 527,888 shares, compared to its average volume of 2,276,503. The business's fifty day simple moving average is $13.64 and its 200 day simple moving average is $15.92. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. Grocery Outlet Holding Corp. has a 12-month low of $10.26 and a 12-month high of $27.64. The company has a market cap of $1.53 billion, a PE ratio of 30.56, a PEG ratio of 9.08 and a beta of 0.40.

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.