Fox Run Management L.L.C. Invests $315,000 in Grocery Outlet Holding Corp. (NASDAQ:GO)

Fox Run Management L.L.C. purchased a new position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 20,186 shares of the company's stock, valued at approximately $315,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Franklin Resources Inc. lifted its stake in shares of Grocery Outlet by 1.8% in the 3rd quarter. Franklin Resources Inc. now owns 29,987 shares of the company's stock worth $526,000 after acquiring an additional 529 shares during the period. Amundi increased its holdings in shares of Grocery Outlet by 0.6% in the 4th quarter. Amundi now owns 116,139 shares of the company's stock valued at $1,895,000 after purchasing an additional 719 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Grocery Outlet by 2.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 46,875 shares of the company's stock valued at $732,000 after acquiring an additional 1,240 shares during the period. KBC Group NV lifted its position in shares of Grocery Outlet by 62.7% during the 4th quarter. KBC Group NV now owns 4,506 shares of the company's stock valued at $70,000 after acquiring an additional 1,736 shares during the period. Finally, Decker Retirement Planning Inc. purchased a new stake in shares of Grocery Outlet during the 4th quarter worth approximately $31,000. Hedge funds and other institutional investors own 99.87% of the company's stock.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, EVP Steven K. Wilson sold 6,477 shares of the business's stock in a transaction dated Tuesday, March 4th. The stock was 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 of the company's stock, valued at approximately $1,968,680.70. The trade was a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Lindsay E. Gray sold 2,741 shares of the firm's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total value of $31,082.94. Following the completion of the transaction, the senior vice president now owns 41,448 shares in the company, valued at approximately $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. In the last 90 days, insiders acquired 200,000 shares of company stock worth $2,435,050 and sold 17,756 shares worth $216,892. 4.50% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on GO. Bank of America reduced their price objective on Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft downgraded Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 price target for the company. in a research note on Wednesday, February 26th. Telsey Advisory Group lowered their price objective on shares of Grocery Outlet from $18.00 to $16.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 26th. Wells Fargo & Company cut their target price on shares of Grocery Outlet from $23.00 to $18.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Finally, Morgan Stanley lowered 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 equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $15.25.

Grocery Outlet Trading Up 5.5 %

Shares of NASDAQ:GO traded up $0.73 during midday trading on Monday, reaching $13.98. The company's stock had a trading volume of 2,128,895 shares, compared to its average volume of 2,121,774. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 27.41, a price-to-earnings-growth ratio of 9.08 and a beta of 0.36. The business has a 50 day moving average price of $14.51 and a 200 day moving average price of $16.21. Grocery Outlet Holding Corp. has a 1 year low of $10.26 and a 1 year high of $28.98. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

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.