Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Sold by Senvest Management LLC

Senvest Management LLC decreased its position in Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 6.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 833,725 shares of the company's stock after selling 60,227 shares during the period. Senvest Management LLC owned 0.86% of Grocery Outlet worth $14,632,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in GO. Blue Trust Inc. increased its position in shares of Grocery Outlet by 76.6% during the 3rd quarter. Blue Trust Inc. now owns 1,665 shares of the company's stock worth $29,000 after purchasing an additional 722 shares during the last quarter. Capital Performance Advisors LLP purchased a new stake in shares of Grocery Outlet in the 3rd quarter valued at approximately $32,000. Innealta Capital LLC acquired a new position in shares of Grocery Outlet in the 2nd quarter worth approximately $38,000. Canada Pension Plan Investment Board acquired a new stake in Grocery Outlet in the 2nd quarter valued at approximately $82,000. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Grocery Outlet during the third quarter worth $181,000. Institutional investors and hedge funds own 99.87% of the company's stock.

Grocery Outlet Stock Up 4.8 %

NASDAQ:GO traded up $0.89 during midday trading on Friday, hitting $19.54. 2,632,680 shares of the company were exchanged, compared to its average volume of 2,752,887. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. Grocery Outlet Holding Corp. has a fifty-two week low of $13.60 and a fifty-two week high of $29.80. The company has a market capitalization of $1.90 billion, a PE ratio of 38.31, a price-to-earnings-growth ratio of 4.69 and a beta of 0.13. The company has a fifty day simple moving average of $16.82 and a 200 day simple moving average of $19.05.

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

Wall Street Analysts Forecast Growth

GO has been the topic of several research reports. Melius Research started coverage on Grocery Outlet in a research note on Monday, September 23rd. They set a "hold" rating and a $17.00 target price on the stock. The Goldman Sachs Group reduced their price target on shares of Grocery Outlet from $17.00 to $15.00 and set a "sell" rating on the stock in a research report on Friday, November 1st. Telsey Advisory Group cut their target price 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. Wells Fargo & Company decreased their price target on shares of Grocery Outlet from $26.00 to $23.00 and set an "overweight" rating for the company in a research report on Wednesday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Grocery Outlet from $29.00 to $26.00 and set a "buy" rating on the stock in a research note on Wednesday, November 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Grocery Outlet currently has a consensus rating of "Hold" and an average target price of $18.00.

Insider Activity at Grocery Outlet

In other news, Director Eric J. Jr. Lindberg sold 200,095 shares of the stock in a transaction that occurred 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 transaction, the director now directly owns 70,938 shares of the company's stock, valued at approximately $1,155,580.02. This represents a 73.83 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Erik D. Ragatz acquired 110,000 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of $18.25 per share, for a total transaction of $2,007,500.00. Following the acquisition, the director now directly owns 539,785 shares of the company's stock, valued at $9,851,076.25. This trade represents 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 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.