WCM Investment Management LLC Raises Stock Holdings in Grocery Outlet Holding Corp. (NASDAQ:GO)

WCM Investment Management LLC raised its stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) by 3.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,264,133 shares of the company's stock after purchasing an additional 46,632 shares during the period. WCM Investment Management LLC owned 1.29% of Grocery Outlet worth $22,337,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Allspring Global Investments Holdings LLC purchased a new position in shares of Grocery Outlet in the first quarter valued at about $25,000. Blue Trust Inc. lifted its position in shares of Grocery Outlet by 76.6% in the third quarter. Blue Trust Inc. now owns 1,665 shares of the company's stock valued at $29,000 after acquiring an additional 722 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Grocery Outlet in the third quarter valued at about $32,000. Innealta Capital LLC purchased a new position in shares of Grocery Outlet in the second quarter valued at about $38,000. Finally, Canada Pension Plan Investment Board purchased a new position in shares of Grocery Outlet in the second quarter valued at about $82,000. Institutional investors own 99.87% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on GO. Deutsche Bank Aktiengesellschaft decreased their target price on Grocery Outlet from $29.00 to $26.00 and set a "buy" rating on the stock in a research report on Wednesday, November 6th. Telsey Advisory Group decreased their target price on Grocery Outlet from $19.00 to $18.00 and set a "market perform" rating on the stock in a research report on Wednesday, November 6th. Wells Fargo & Company decreased their target price on Grocery Outlet from $26.00 to $23.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 6th. UBS Group decreased their target price on Grocery Outlet from $21.00 to $16.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 6th. Finally, Roth Capital upgraded Grocery Outlet from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Grocery Outlet presently has a consensus rating of "Hold" and a consensus price target of $18.00.

Grocery Outlet Trading Up 5.4 %

Shares of GO traded up $0.97 during mid-day trading on Monday, reaching $18.77. 2,717,537 shares of the company's stock traded hands, compared to its average volume of 1,841,913. The stock has a market cap of $1.82 billion, a P/E ratio of 36.80, a P/E/G ratio of 4.45 and a beta of 0.13. The stock's 50-day moving average is $16.54 and its two-hundred day moving average is $19.47. Grocery Outlet Holding Corp. has a 12 month low of $13.60 and a 12 month high of $29.98. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.29.

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

Insider Buying and Selling at Grocery Outlet

In other Grocery Outlet news, Director Eric J. Jr. Lindberg sold 100,000 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $18.83, for a total transaction of $1,883,000.00. Following the sale, the director now owns 70,938 shares of the company's stock, valued at approximately $1,335,762.54. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, 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 completion of the sale, the director now owns 70,938 shares in the company, valued at approximately $1,155,580.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Eric J. Jr. Lindberg sold 100,000 shares of the stock in a transaction on Monday, August 19th. The shares were sold at an average price of $18.83, for a total value of $1,883,000.00. Following the sale, the director now owns 70,938 shares of the company's stock, valued at approximately $1,335,762.54. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, 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.

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.