244,224 Shares in Grocery Outlet Holding Corp. (NASDAQ:GO) Bought by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 244,224 shares of the company's stock, valued at approximately $3,812,000. WINTON GROUP Ltd owned approximately 0.25% of Grocery Outlet at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of GO. Connor Clark & Lunn Investment Management Ltd. bought a new position in Grocery Outlet during the 3rd quarter valued at approximately $441,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Grocery Outlet by 14.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,170,470 shares of the company's stock valued at $20,542,000 after acquiring an additional 147,312 shares in the last quarter. Cerity Partners LLC raised its position in shares of Grocery Outlet by 887.1% in the 3rd quarter. Cerity Partners LLC now owns 105,675 shares of the company's stock worth $1,855,000 after purchasing an additional 94,969 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Grocery Outlet by 14.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 165,480 shares of the company's stock worth $2,904,000 after purchasing an additional 20,914 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in Grocery Outlet during the 3rd quarter valued at about $227,000. 99.87% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Telsey Advisory Group dropped their target price on shares of Grocery Outlet from $18.00 to $16.00 and set a "market perform" rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group cut their target price on Grocery Outlet from $14.00 to $11.00 and set a "sell" rating on the stock in a research note on Thursday, February 27th. Morgan Stanley decreased 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. Deutsche Bank Aktiengesellschaft cut Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 price objective on the stock. in a research report on Wednesday, February 26th. Finally, Bank of America decreased their target price on Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating for the company in a research report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $15.25.

Grocery Outlet Price Performance

Shares of GO stock traded down $0.13 on Tuesday, hitting $13.85. 1,968,545 shares of the stock traded hands, compared to its average volume of 2,125,395. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 27.16, a PEG ratio of 9.08 and a beta of 0.36. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33. The firm has a 50 day simple moving average of $14.47 and a two-hundred day simple moving average of $16.19. Grocery Outlet Holding Corp. has a 52 week low of $10.26 and a 52 week high of $28.60.

Insider Activity

In related news, CFO Christopher M. Miller bought 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost of $11.68 per share, with a total value of $116,800.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares of the company's stock, valued at approximately $116,800. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kenneth W. Alterman purchased 25,000 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was bought at an average price of $11.88 per share, for a total transaction of $297,000.00. Following the purchase, the director now owns 64,592 shares in the company, valued at approximately $767,352.96. This represents a 63.14 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 200,000 shares of company stock worth $2,435,050 and have sold 17,756 shares worth $216,892. Company insiders own 4.50% of the company's stock.

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.