Farringdon Capital Ltd. Takes Position in Grocery Outlet Holding Corp. (NASDAQ:GO)

Farringdon Capital Ltd. acquired a new stake in Grocery Outlet Holding Corp. (NASDAQ:GO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 14,353 shares of the company’s stock, valued at approximately $224,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new stake in Grocery Outlet in the fourth quarter worth approximately $31,000. Aster Capital Management DIFC Ltd bought a new stake in Grocery Outlet in the fourth quarter worth about $41,000. Quadrant Capital Group LLC lifted its holdings in Grocery Outlet by 276.3% in the 4th quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company’s stock valued at $43,000 after acquiring an additional 2,036 shares during the last quarter. KBC Group NV grew its stake in shares of Grocery Outlet by 62.7% in the 4th quarter. KBC Group NV now owns 4,506 shares of the company’s stock worth $70,000 after purchasing an additional 1,736 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Grocery Outlet by 472.0% in the 4th 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 in the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Grocery Outlet

In other Grocery Outlet news, CFO Christopher M. Miller acquired 10,000 shares of the company’s stock in a transaction dated Thursday, February 27th. The shares were acquired at an average cost of $11.68 per share, for a total transaction 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. This trade represents a ? increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Steven K. Wilson sold 6,477 shares of the firm’s stock in a transaction that occurred on 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 $1,968,680.70. This trade represents a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders purchased 200,000 shares of company stock worth $2,435,050 and sold 17,756 shares worth $216,892. 4.50% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price target on the stock. in a research report on Wednesday, February 26th. 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 report on Wednesday, February 26th. Jefferies Financial Group upgraded Grocery Outlet from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $13.00 to $18.00 in a report on Wednesday. The Goldman Sachs Group decreased their target price on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating for the company in a report on Thursday, February 27th. Finally, Bank of America reduced their price target on shares of 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 assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Grocery Outlet currently has an average rating of “Hold” and an average target price of $15.46.

Grocery Outlet Stock Up 3.6 %

GO stock opened at $15.16 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.49 billion, a PE ratio of 29.73, a PEG ratio of 9.08 and a beta of 0.40. Grocery Outlet Holding Corp. has a 1 year low of $10.26 and a 1 year high of $27.64. The company has a fifty day simple moving average of $13.72 and a 200 day simple moving average of $15.92.

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.