Grocery Outlet Holding Corp. (NASDAQ:GO) Stock Position Decreased by Jackson Square Partners LLC

Jackson Square Partners LLC lowered its position in Grocery Outlet Holding Corp. (NASDAQ:GO) by 11.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 2,112,096 shares of the company’s stock after selling 285,268 shares during the period. Grocery Outlet comprises approximately 3.5% of Jackson Square Partners LLC’s holdings, making the stock its 5th largest position. Jackson Square Partners LLC’s holdings in Grocery Outlet were worth $32,970,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of GO. EntryPoint Capital LLC bought a new stake in shares of Grocery Outlet in the fourth quarter worth about $242,000. Advantage Alpha Capital Partners LP grew its holdings in shares of Grocery Outlet by 61.3% in the fourth quarter. Advantage Alpha Capital Partners LP now owns 295,445 shares of the company’s stock worth $4,612,000 after purchasing an additional 112,233 shares during the last quarter. Cedar Wealth Management LLC raised its position in Grocery Outlet by 3.9% during the 4th quarter. Cedar Wealth Management LLC now owns 20,370 shares of the company’s stock valued at $318,000 after purchasing an additional 765 shares in the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Grocery Outlet in the 4th quarter worth $315,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Grocery Outlet during the 4th quarter worth $326,000. Hedge funds and other institutional investors own 99.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on GO. The Goldman Sachs Group lowered their price objective on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating for the company in a research note on Thursday, February 27th. Telsey Advisory Group dropped 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 research note on Wednesday, February 26th. Wells Fargo & Company lowered their target price on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft lowered Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a research report on Wednesday, February 26th. Finally, Morgan Stanley decreased their price target on shares of Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating for the company in a research report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $15.25.

Grocery Outlet Trading Up 1.1 %

Shares of Grocery Outlet stock opened at $12.82 on Tuesday. Grocery Outlet Holding Corp. has a 1-year low of $10.26 and a 1-year high of $29.13. 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 stock’s 50 day simple moving average is $14.81 and its 200-day simple moving average is $16.34. The stock has a market cap of $1.25 billion, a P/E ratio of 25.14, a P/E/G ratio of 9.08 and a beta of 0.36.

Insider Buying and Selling at Grocery Outlet

In other news, EVP Steven K. Wilson sold 6,682 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $13.16, for a total value of $87,935.12. Following the completion of the transaction, the executive vice president now owns 166,923 shares of the company’s stock, valued at approximately $2,196,706.68. This trade represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Erik D. Ragatz purchased 165,000 shares of the company’s stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $12.25 per share, with a total value of $2,021,250.00. Following the purchase, the director now owns 201,500 shares of the company’s stock, valued at approximately $2,468,375. This represents a 452.05 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders have purchased 200,000 shares of company stock valued at $2,435,050 and have sold 17,756 shares valued at $216,892. 4.50% of the stock is currently owned by corporate 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.