Decker Retirement Planning Inc. Makes New $31,000 Investment in Grocery Outlet Holding Corp. (NASDAQ:GO)

Decker Retirement Planning Inc. bought a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,000 shares of the company’s stock, valued at approximately $31,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. grew its stake in Grocery Outlet by 76.6% during the 3rd 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 acquired a new position in shares of Grocery Outlet during the 3rd quarter worth approximately $32,000. True Wealth Design LLC purchased a new stake in shares of Grocery Outlet in the third quarter valued at approximately $75,000. Canada Pension Plan Investment Board purchased a new stake in shares of Grocery Outlet in the second quarter valued at approximately $82,000. Finally, Nisa Investment Advisors LLC acquired a new stake in shares of Grocery Outlet in the third quarter valued at approximately $181,000. Hedge funds and other institutional investors own 99.87% of the company’s stock.

Insider Transactions at Grocery Outlet

In other news, Director Erik D. Ragatz bought 110,000 shares of Grocery Outlet stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $18.25 per share, with a total value of $2,007,500.00. Following the acquisition, the director now owns 539,785 shares of the company’s stock, valued at approximately $9,851,076.25. This trade represents a 25.59 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.50% of the company’s stock.

Grocery Outlet Stock Down 0.3 %

GO stock opened at $15.95 on Friday. The company’s 50 day moving average price is $17.82 and its 200 day moving average price is $18.03. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 31.28, a PEG ratio of 17.51 and a beta of 0.31. Grocery Outlet Holding Corp. has a fifty-two week low of $13.60 and a fifty-two week high of $29.19. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46.

Grocery Outlet (NASDAQ:GO) last issued its earnings results on Tuesday, November 5th. The company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Grocery Outlet had a net margin of 1.20% and a return on equity of 5.25%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the firm posted $0.25 earnings per share. The company’s revenue was up 10.4% compared to the same quarter last year. On average, equities research analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently issued reports on GO shares. Melius Research started coverage on shares of Grocery Outlet in a research report on Monday, September 23rd. They set a “hold” rating and a $17.00 price objective for the company. UBS Group cut their price target on shares of Grocery Outlet from $21.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Loop Capital assumed coverage on Grocery Outlet in a report on Thursday, October 17th. They issued a “hold” rating and a $17.00 price objective on the stock. Roth Mkm cut their target price on Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Finally, Craig Hallum reduced their target price on Grocery Outlet from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

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.