Christopher M. Miller Acquires 10,000 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO) Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) CFO Christopher M. Miller bought 10,000 shares of Grocery Outlet stock in a transaction dated Thursday, February 27th. The shares were bought at an average cost of $11.68 per share, for a total transaction of $116,800.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at $116,800. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Grocery Outlet Trading Up 7.6 %

GO opened at $11.83 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1.15 billion, a PE ratio of 23.20, a PEG ratio of 9.08 and a beta of 0.32. The business has a 50 day moving average of $16.05 and a 200-day moving average of $17.10. Grocery Outlet Holding Corp. has a 52 week low of $10.26 and a 52 week high of $29.19.

Analyst Ratings Changes

GO has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price on Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating on the stock in a research report on Wednesday. The Goldman Sachs Group dropped their price objective on Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a research note on Thursday. Telsey Advisory Group decreased their target price on shares of Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday. Craig Hallum cut their price objective 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. Finally, TD Cowen downgraded Grocery Outlet from a “buy” rating to a “hold” rating and decreased their target price for the stock from $25.00 to $16.00 in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.25.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Grocery Outlet by 8.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 313,642 shares of the company’s stock worth $4,896,000 after buying an additional 23,606 shares in the last quarter. Voloridge Investment Management LLC raised its position in shares of Grocery Outlet by 28.8% during the fourth quarter. Voloridge Investment Management LLC now owns 1,239,352 shares of the company’s stock valued at $19,346,000 after buying an additional 277,489 shares during the last quarter. Twinbeech Capital LP bought a new stake in Grocery Outlet in the 4th quarter worth approximately $4,040,000. Two Sigma Advisers LP purchased a new stake in Grocery Outlet during the fourth quarter valued at approximately $1,033,000. Finally, Two Sigma Investments LP raised its position in Grocery Outlet by 188.3% in the 4th quarter. Two Sigma Investments LP now owns 396,445 shares of the company’s stock worth $6,189,000 after purchasing an additional 258,913 shares during the period. 99.87% of the stock is currently owned by institutional investors.

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.