Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its holdings in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 53.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 910,399 shares of the company's stock after selling 1,025,620 shares during the period. Janus Henderson Group PLC owned approximately 0.94% of Grocery Outlet worth $15,978,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Blue Trust Inc. grew its holdings in shares of Grocery Outlet by 76.6% during the third quarter. Blue Trust Inc. now owns 1,665 shares of the company's stock valued at $29,000 after buying an additional 722 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in Grocery Outlet during the 3rd quarter valued at about $32,000. Innealta Capital LLC acquired a new position in shares of Grocery Outlet in the second quarter valued at about $38,000. True Wealth Design LLC purchased a new position in shares of Grocery Outlet in the third quarter worth about $75,000. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Grocery Outlet during the second quarter worth about $82,000. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Erik D. Ragatz purchased 110,000 shares of Grocery Outlet stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $18.25 per share, with a total value of $2,007,500.00. Following the purchase, the director now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Eric J. Jr. Lindberg sold 200,095 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $16.29, for a total value of $3,259,547.55. Following the completion of the sale, the director now directly owns 70,938 shares in the company, valued at approximately $1,155,580.02. The trade was a 73.83 % decrease in their position. The disclosure for this sale can be found here. 4.50% of the stock is currently owned by company insiders.

Grocery Outlet Price Performance

GO traded up $0.35 on Friday, reaching $19.12. 1,576,889 shares of the company's stock were exchanged, compared to its average volume of 2,131,723. The stock has a market cap of $1.86 billion, a PE ratio of 37.49, a P/E/G ratio of 4.95 and a beta of 0.25. 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 twelve month low of $13.60 and a twelve month high of $29.80. The stock's fifty day moving average price is $17.56 and its 200-day moving average price is $18.99.

Grocery Outlet (NASDAQ:GO - Get Free Report) last issued its earnings results on Tuesday, November 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate 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 in the prior year, the business earned $0.25 EPS. The firm's quarterly revenue was up 10.4% on a year-over-year basis. Sell-side analysts expect that Grocery Outlet Holding Corp. will post 0.63 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on GO shares. Roth Mkm decreased their target price on shares of Grocery Outlet from $20.00 to $16.00 and set a "neutral" rating for the company in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their price objective on Grocery Outlet from $26.00 to $23.00 and set an "overweight" rating for the company in a report on Wednesday, November 6th. TD Cowen lowered Grocery Outlet from a "buy" rating to a "hold" rating and dropped their target price for the stock from $25.00 to $16.00 in a report on Wednesday, November 6th. Melius Research started coverage on Grocery Outlet in a report on Monday, September 23rd. They issued a "hold" rating and a $17.00 price target for the company. Finally, Telsey Advisory Group dropped their price objective on shares of Grocery Outlet from $19.00 to $18.00 and set a "market perform" rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Grocery Outlet currently has an average rating of "Hold" and an average price target of $18.00.

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.