Jump Financial LLC Takes $704,000 Position in Grocery Outlet Holding Corp. (NASDAQ:GO)

Jump Financial LLC acquired 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 filing with the Securities & Exchange Commission. The firm acquired 45,087 shares of the company's stock, valued at approximately $704,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Guggenheim Capital LLC increased its position in shares of Grocery Outlet by 9.1% during the 4th quarter. Guggenheim Capital LLC now owns 16,955 shares of the company's stock worth $265,000 after purchasing an additional 1,408 shares during the last quarter. Senvest Management LLC increased its position in shares of Grocery Outlet by 88.3% in the 4th quarter. Senvest Management LLC now owns 1,569,656 shares of the company's stock valued at $24,502,000 after purchasing an additional 735,931 shares during the last quarter. Granite Investment Partners LLC acquired a new stake in Grocery Outlet in the fourth quarter valued at $7,914,000. 12 West Capital Management LP raised its position in shares of Grocery Outlet by 1.7% during the 4th quarter. 12 West Capital Management LP now owns 1,170,000 shares of the company's stock worth $18,264,000 after acquiring an additional 20,000 shares in the last quarter. Finally, Grandeur Peak Global Advisors LLC raised its holdings in Grocery Outlet by 13.4% during the fourth quarter. Grandeur Peak Global Advisors LLC now owns 899,180 shares of the company's stock worth $14,036,000 after purchasing an additional 106,019 shares in the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on GO. Telsey Advisory Group cut their target price on Grocery Outlet from $18.00 to $16.00 and set a "market perform" rating on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group cut their price objective on shares of Grocery Outlet from $14.00 to $11.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company decreased 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. Morgan Stanley lowered their target price 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. Finally, Jefferies Financial Group raised shares of Grocery Outlet from a "hold" rating to a "buy" rating and increased their price objective for the company from $13.00 to $18.00 in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $15.46.

Grocery Outlet Stock Performance

Shares of GO stock opened at $16.12 on Wednesday. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 31.61, a price-to-earnings-growth ratio of 9.08 and a beta of 0.40. The company has a 50 day moving average price of $13.68 and a 200 day moving average price of $15.92. Grocery Outlet Holding Corp. has a one year low of $10.26 and a one year high of $27.64. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46.

Insider Activity at Grocery Outlet

In other Grocery Outlet news, SVP Lindsay E. Gray sold 2,741 shares of the business'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 owns 41,448 shares in the company, valued at $470,020.32. The trade was a 6.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 value of $73,449.18. Following the completion of the transaction, the executive vice president now owns 173,605 shares in the company, valued at approximately $1,968,680.70. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 200,000 shares of company stock worth $2,435,050 and have sold 17,756 shares worth $216,892. 4.50% of the stock is owned by insiders.

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.

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