Grandeur Peak Global Advisors LLC Buys 106,019 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO)

Grandeur Peak Global Advisors LLC lifted its stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 13.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 899,180 shares of the company's stock after purchasing an additional 106,019 shares during the quarter. Grocery Outlet comprises about 1.2% of Grandeur Peak Global Advisors LLC's investment portfolio, making the stock its 21st largest position. Grandeur Peak Global Advisors LLC owned approximately 0.93% of Grocery Outlet worth $14,036,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in the stock. Captrust Financial Advisors purchased a new stake in shares of Grocery Outlet in the 3rd quarter worth about $391,000. State Street Corp raised its position in Grocery Outlet by 0.6% during the third quarter. State Street Corp now owns 3,407,152 shares of the company's stock worth $59,796,000 after acquiring an additional 21,237 shares during the last quarter. Jane Street Group LLC grew its position in shares of 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 last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Grocery Outlet in the third quarter valued at approximately $511,000. Finally, Barclays PLC raised its position in shares of 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. Hedge funds and other institutional investors own 99.87% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Jefferies Financial Group upgraded Grocery Outlet from a "hold" rating to a "buy" rating and upped their price objective for the company from $13.00 to $18.00 in a research report on Wednesday. The Goldman Sachs Group lowered their price target on shares of Grocery Outlet from $14.00 to $11.00 and set a "sell" rating for the company in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft cut Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 price target for the company. in a report on Wednesday, February 26th. Wells Fargo & Company cut their price target on Grocery Outlet from $23.00 to $18.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, Telsey Advisory Group dropped their price objective on Grocery Outlet from $18.00 to $16.00 and set a "market perform" rating on the stock in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, two have issued 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 a consensus price target of $15.46.

Grocery Outlet Stock Up 4.1 %

GO traded up $0.60 on Thursday, reaching $15.24. 1,431,234 shares of the company traded hands, compared to its average volume of 2,226,782. The stock's 50 day moving average price is $13.80 and its 200-day moving average price is $15.96. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33. Grocery Outlet Holding Corp. has a 52-week low of $10.26 and a 52-week high of $27.64. The company has a market cap of $1.49 billion, a price-to-earnings ratio of 29.85, a PEG ratio of 9.08 and a beta of 0.40.

Insider Buying and Selling at Grocery Outlet

In related news, SVP Lindsay E. Gray sold 2,741 shares of the firm's stock in a transaction 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 trade represents a 6.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Steven K. Wilson sold 6,682 shares of the company's stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.16, for a total transaction of $87,935.12. Following the sale, the executive vice president now owns 166,923 shares of the company's stock, valued at $2,196,706.68. This trade represents a 3.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 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.

Grocery Outlet 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.