Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC raised its stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 887.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,675 shares of the company's stock after buying an additional 94,969 shares during the quarter. Cerity Partners LLC owned about 0.11% of Grocery Outlet worth $1,855,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Grocery Outlet by 22.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,613,617 shares of the company's stock worth $79,933,000 after acquiring an additional 655,065 shares during the last quarter. Van Berkom & Associates Inc. lifted its position in Grocery Outlet by 21.1% during the second quarter. Van Berkom & Associates Inc. now owns 3,498,533 shares of the company's stock valued at $77,388,000 after purchasing an additional 609,871 shares during the last quarter. Millennium Management LLC grew its stake in shares of Grocery Outlet by 677.6% in the 2nd quarter. Millennium Management LLC now owns 1,981,558 shares of the company's stock worth $43,832,000 after buying an additional 1,726,741 shares in the last quarter. Solel Partners LP bought a new stake in shares of Grocery Outlet in the 2nd quarter worth about $35,980,000. Finally, Geneva Capital Management LLC raised its position in shares of Grocery Outlet by 0.9% during the 3rd quarter. Geneva Capital Management LLC now owns 1,575,495 shares of the company's stock valued at $27,650,000 after buying an additional 13,561 shares in the last quarter. Institutional investors own 99.87% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on GO shares. UBS Group lowered their price target on Grocery Outlet from $21.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Grocery Outlet from $29.00 to $26.00 and set a "buy" rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company reduced their price objective on shares of Grocery Outlet from $26.00 to $23.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. Roth Mkm dropped their target price on Grocery Outlet from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. Finally, Craig Hallum reduced their price target on Grocery Outlet from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $18.00.

Insiders Place Their Bets

In other Grocery Outlet news, Director Eric J. Jr. Lindberg sold 200,095 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $16.29, for a total transaction of $3,259,547.55. Following the sale, the director now directly owns 70,938 shares of the company's stock, valued at approximately $1,155,580.02. This trade represents a 73.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Erik D. Ragatz bought 110,000 shares of the stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $18.25 per share, for a total transaction of $2,007,500.00. Following the purchase, the director now directly owns 539,785 shares of the company's stock, valued at approximately $9,851,076.25. The trade was a 25.59 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.50% of the stock is currently owned by insiders.

Grocery Outlet Stock Down 0.9 %

NASDAQ:GO traded down $0.18 during midday trading on Tuesday, reaching $19.80. 1,594,343 shares of the stock traded hands, compared to its average volume of 1,858,534. The business has a 50-day moving average of $17.43 and a two-hundred day moving average of $19.03. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46. Grocery Outlet Holding Corp. has a 12-month low of $13.60 and a 12-month high of $29.80. The stock has a market capitalization of $1.92 billion, a PE ratio of 38.82, a price-to-earnings-growth ratio of 5.03 and a beta of 0.25.

Grocery Outlet (NASDAQ:GO - Get Free Report) last released its quarterly earnings results on Tuesday, November 5th. The company reported $0.28 EPS for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. Grocery Outlet had a return on equity of 5.25% and a net margin of 1.20%. The company had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.10 billion. During the same period last year, the business posted $0.25 earnings per share. The firm's revenue was up 10.4% compared to the same quarter last year. On average, equities analysts forecast that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current fiscal year.

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.