Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Bought by Cwm LLC

CWM LLC grew its stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 505.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 51,933 shares of the company's stock after purchasing an additional 43,358 shares during the period. CWM LLC owned about 0.05% of Grocery Outlet worth $911,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State of Michigan Retirement System boosted its position in Grocery Outlet by 2.5% in the first quarter. State of Michigan Retirement System now owns 24,380 shares of the company's stock worth $702,000 after purchasing an additional 600 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in shares of Grocery Outlet in the 1st quarter worth about $25,000. Oak Ridge Investments LLC grew its position in Grocery Outlet by 1.2% during the first quarter. Oak Ridge Investments LLC now owns 73,820 shares of the company's stock valued at $2,125,000 after buying an additional 876 shares during the period. Texas Permanent School Fund Corp increased its holdings in Grocery Outlet by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 86,879 shares of the company's stock worth $2,500,000 after buying an additional 1,126 shares during the last quarter. Finally, Swiss National Bank raised its position in Grocery Outlet by 0.6% in the first quarter. Swiss National Bank now owns 186,100 shares of the company's stock worth $5,356,000 after acquiring an additional 1,200 shares during the period. 99.87% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

GO has been the subject of a number of recent research reports. UBS Group decreased their target price on Grocery Outlet from $27.00 to $21.00 and set a "neutral" rating for the company in a research report on Wednesday, August 7th. Roth Mkm dropped their price objective on shares of Grocery Outlet from $22.00 to $20.00 and set a "neutral" rating on the stock in a report on Wednesday, August 7th. Telsey Advisory Group dropped their price target on shares of Grocery Outlet from $31.00 to $27.00 and set an "outperform" rating on the stock in a research note on Wednesday, August 7th. Roth Capital raised shares of Grocery Outlet from a "hold" rating to a "strong-buy" rating in a report on Wednesday, August 7th. Finally, Loop Capital assumed coverage on shares of Grocery Outlet in a report on Thursday. They set a "hold" rating and a $17.00 target price on the stock. Two research analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $21.60.

Insider Activity at Grocery Outlet

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

Grocery Outlet Price Performance

Shares of NASDAQ:GO traded down $0.16 during mid-day trading on Friday, reaching $17.36. The stock had a trading volume of 1,536,447 shares, compared to its average volume of 1,765,771. The business's 50 day moving average price is $17.34 and its 200 day moving average price is $20.77. Grocery Outlet Holding Corp. has a 1 year low of $15.18 and a 1 year high of $29.98. The company has a current ratio of 1.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.31. The company has a market cap of $1.73 billion, a P/E ratio of 27.13, a price-to-earnings-growth ratio of 3.10 and a beta of 0.10.

Grocery Outlet (NASDAQ:GO - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. Grocery Outlet had a net margin of 1.30% and a return on equity of 5.18%. The business had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business's revenue for the quarter was up 11.7% on a year-over-year basis. Research analysts expect that Grocery Outlet Holding Corp. will post 0.68 EPS for the current fiscal year.

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.