GSA Capital Partners LLP Acquires Shares of 142,846 Grocery Outlet Holding Corp. (NASDAQ:GO)

GSA Capital Partners LLP bought a new position in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 142,846 shares of the company's stock, valued at approximately $2,507,000. GSA Capital Partners LLP owned approximately 0.15% of Grocery Outlet as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in GO. Entropy Technologies LP bought a new position in shares of Grocery Outlet during the 3rd quarter valued at $258,000. WCM Investment Management LLC grew its stake in Grocery Outlet by 3.8% in the 3rd quarter. WCM Investment Management LLC now owns 1,264,133 shares of the company's stock valued at $22,337,000 after buying an additional 46,632 shares during the last quarter. Versor Investments LP acquired a new position in Grocery Outlet in the 3rd quarter valued at $634,000. State of New Jersey Common Pension Fund D grew its stake in Grocery Outlet by 28.4% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 111,500 shares of the company's stock valued at $1,957,000 after buying an additional 24,672 shares during the last quarter. Finally, Capital Performance Advisors LLP acquired a new position in Grocery Outlet in the 3rd quarter valued at $32,000. Hedge funds and other institutional investors own 99.87% of the company's stock.

Grocery Outlet Trading Up 1.6 %

Shares of NASDAQ:GO traded up $0.30 during trading on Tuesday, hitting $19.07. 2,813,896 shares of the company's stock were exchanged, compared to its average volume of 1,846,352. Grocery Outlet Holding Corp. has a 1-year low of $13.60 and a 1-year high of $29.98. The firm has a 50-day moving average price of $16.54 and a two-hundred day moving average price of $19.47. The company has a current ratio of 1.46, a quick ratio of 0.29 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.85 billion, a P/E ratio of 36.80, a PEG ratio of 4.45 and a beta of 0.13.

Grocery Outlet (NASDAQ:GO - Get Free Report) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.27 by $0.01. The firm had revenue of $1.11 billion during the quarter, compared to analysts' expectations of $1.10 billion. Grocery Outlet had a net margin of 1.20% and a return on equity of 5.25%. The business's revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.25 earnings per share. Equities analysts predict that Grocery Outlet Holding Corp. will post 0.65 earnings per share for the current year.

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, Director Eric J. Jr. Lindberg sold 100,000 shares of Grocery Outlet stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $18.90, for a total value of $1,890,000.00. Following the transaction, the director now owns 70,938 shares of the company's stock, valued at approximately $1,340,728.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Eric J. Jr. Lindberg sold 100,000 shares of the business's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $18.90, for a total value of $1,890,000.00. Following the sale, the director now owns 70,938 shares of the company's stock, valued at $1,340,728.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eric J. Jr. Lindberg sold 200,095 shares of the business's stock in a transaction on 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 completion of the sale, the director now directly owns 70,938 shares in the company, valued at approximately $1,155,580.02. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 500,095 shares of company stock valued at $8,876,548. 4.50% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GO. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Grocery Outlet from $29.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Melius Research began coverage on shares of Grocery Outlet in a research report on Monday, September 23rd. They issued a "hold" rating and a $17.00 price target on the stock. Bank of America lowered shares of Grocery Outlet from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $29.00 to $17.00 in a research report on Wednesday, October 30th. TD Cowen downgraded shares of Grocery Outlet from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $25.00 to $16.00 in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group reduced their price objective on shares of Grocery Outlet from $17.00 to $15.00 and set a "sell" rating for the company in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $18.00.

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.