Vanguard Group Inc. Decreases Holdings in Grocery Outlet Holding Corp. (NASDAQ:GO)

Vanguard Group Inc. decreased its stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,134,632 shares of the company's stock after selling 130,932 shares during the quarter. Vanguard Group Inc. owned about 10.43% of Grocery Outlet worth $158,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in Grocery Outlet during the 4th quarter worth approximately $31,000. KBC Group NV increased its holdings in shares of Grocery Outlet by 62.7% during the fourth quarter. KBC Group NV now owns 4,506 shares of the company's stock valued at $70,000 after acquiring an additional 1,736 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of Grocery Outlet by 472.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company's stock worth $76,000 after purchasing an additional 4,040 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Grocery Outlet in the 4th quarter worth $161,000. Finally, Natixis Advisors LLC acquired a new stake in Grocery Outlet in the 4th quarter valued at $240,000. Institutional investors own 99.87% of the company's stock.

Insiders Place Their Bets

In related news, SVP Lindsay E. Gray sold 2,741 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 transaction of $31,082.94. Following the completion of the transaction, the senior vice president now directly owns 41,448 shares in the company, valued at $470,020.32. The trade was a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Steven K. Wilson sold 6,477 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total value of $73,449.18. Following the completion of the sale, the executive vice president now directly owns 173,605 shares in the company, valued at approximately $1,968,680.70. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 200,000 shares of company stock worth $2,435,050 and sold 17,756 shares worth $216,892. Company insiders own 4.50% of the company's stock.

Grocery Outlet Stock Performance

NASDAQ:GO traded down $0.05 during trading hours on Friday, reaching $14.16. The stock had a trading volume of 3,362,946 shares, compared to its average volume of 2,206,091. Grocery Outlet Holding Corp. has a 12-month low of $10.26 and a 12-month 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. The stock has a 50 day simple moving average of $13.97 and a 200 day simple moving average of $16.02. The stock has a market cap of $1.39 billion, a P/E ratio of 27.77, a price-to-earnings-growth ratio of 9.08 and a beta of 0.40.

Wall Street Analysts Forecast Growth

GO has been the subject of a number of analyst reports. Morgan Stanley cut their price target on Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating for the company in a research note on Wednesday, February 26th. Bank of America dropped their price objective on Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Telsey Advisory Group cut their price objective on shares of Grocery Outlet from $18.00 to $16.00 and set a "market perform" rating on the stock in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 target price for the company. in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group cut their price target on shares of Grocery Outlet from $14.00 to $11.00 and set a "sell" rating on the stock in a report on Thursday, February 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $15.25.

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.