Los Angeles Capital Management LLC Makes New $3.69 Million Investment in Grocery Outlet Holding Corp. (NASDAQ:GO)

Los Angeles Capital Management LLC purchased a new position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 137,015 shares of the company’s stock, valued at approximately $3,694,000. Los Angeles Capital Management LLC owned 0.14% of Grocery Outlet at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Van Berkom & Associates Inc. increased its holdings in Grocery Outlet by 62.4% in the third quarter. Van Berkom & Associates Inc. now owns 2,394,826 shares of the company’s stock valued at $69,091,000 after buying an additional 920,032 shares during the last quarter. Qube Research & Technologies Ltd increased its holdings in shares of Grocery Outlet by 60.9% in the 3rd quarter. Qube Research & Technologies Ltd now owns 1,102,628 shares of the company’s stock valued at $31,811,000 after acquiring an additional 417,188 shares during the last quarter. AQR Capital Management LLC acquired a new stake in shares of Grocery Outlet during the 3rd quarter worth about $6,842,000. Vanguard Group Inc. lifted its stake in Grocery Outlet by 2.4% during the third quarter. Vanguard Group Inc. now owns 9,171,964 shares of the company’s stock worth $264,611,000 after purchasing an additional 217,421 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in Grocery Outlet by 4.6% in the fourth quarter. Mackenzie Financial Corp now owns 4,926,336 shares of the company’s stock valued at $132,814,000 after purchasing an additional 216,257 shares in the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

Grocery Outlet Stock Down 0.4 %

Shares of NASDAQ:GO opened at $25.71 on Monday. The company has a market capitalization of $2.57 billion, a P/E ratio of 32.54, a P/E/G ratio of 2.47 and a beta of 0.13. The stock’s fifty day simple moving average is $26.95 and its 200-day simple moving average is $27.10. Grocery Outlet Holding Corp. has a 52-week low of $23.41 and a 52-week high of $36.54. The company has a quick ratio of 0.43, a current ratio of 1.35 and a debt-to-equity ratio of 0.24.

Grocery Outlet (NASDAQ:GO) last released its earnings results on Tuesday, February 27th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.11 by $0.02. The firm had revenue of $989.82 million during the quarter, compared to analysts’ expectations of $982.44 million. Grocery Outlet had a net margin of 2.00% and a return on equity of 7.17%. As a group, equities research analysts forecast that Grocery Outlet Holding Corp. will post 0.95 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on GO. Telsey Advisory Group decreased their target price on Grocery Outlet from $40.00 to $37.00 and set an “outperform” rating for the company in a research report on Wednesday, February 28th. UBS Group cut their target price on shares of Grocery Outlet from $32.00 to $30.00 and set a “neutral” rating on the stock in a report on Wednesday, February 28th. Finally, Craig Hallum upgraded shares of Grocery Outlet from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a research note on Wednesday, February 28th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $31.44.

Insider Transactions at Grocery Outlet

In related news, insider Andrea Renee Bortner sold 4,112 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $26.33, for a total value of $108,268.96. Following the transaction, the insider now owns 49,308 shares in the company, valued at $1,298,279.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Andrea Renee Bortner sold 4,112 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $26.33, for a total value of $108,268.96. Following the sale, the insider now owns 49,308 shares of the company’s stock, valued at approximately $1,298,279.64. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Thomas F. Herman sold 1,000 shares of Grocery Outlet stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $29.00, for a total transaction of $29,000.00. Following the completion of the sale, the director now owns 10,400 shares in the company, valued at $301,600. The disclosure for this sale can be found here. Insiders have sold a total of 506,588 shares of company stock worth $13,367,577 in the last three months. 4.50% of the stock is currently owned by company insiders.

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.