US Bancorp DE Has $40,000 Holdings in Grocery Outlet Holding Corp. (NASDAQ:GO)

US Bancorp DE decreased its position in Grocery Outlet Holding Corp. (NASDAQ:GO) by 74.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 2,251 shares of the company’s stock after selling 6,617 shares during the quarter. US Bancorp DE’s holdings in Grocery Outlet were worth $40,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of GO. Allspring Global Investments Holdings LLC acquired a new position in Grocery Outlet in the first quarter valued at about $25,000. Blue Trust Inc. grew its holdings in shares of Grocery Outlet by 76.6% in the 3rd quarter. Blue Trust Inc. now owns 1,665 shares of the company’s stock valued at $29,000 after buying an additional 722 shares during the period. Innealta Capital LLC bought a new stake in shares of Grocery Outlet in the 2nd quarter valued at $38,000. Canada Pension Plan Investment Board acquired a new stake in Grocery Outlet during the 2nd quarter worth $82,000. Finally, Nisa Investment Advisors LLC bought a new position in Grocery Outlet during the third quarter worth about $181,000. Institutional investors own 99.87% of the company’s stock.

Insider Transactions at Grocery Outlet

In related news, Director Eric J. Jr. Lindberg sold 100,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $18.44, for a total value of $1,844,000.00. Following the completion of the sale, the director now directly owns 70,938 shares of the company’s stock, valued at $1,308,096.72. The trade was a 58.50 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Erik D. Ragatz purchased 110,000 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were acquired at an average price of $18.25 per share, with a total value of $2,007,500.00. Following the purchase, the director now directly owns 539,785 shares in the company, valued at $9,851,076.25. This represents a 25.59 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on GO. UBS Group lowered their price objective on shares of Grocery Outlet from $21.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. TD Cowen lowered shares of Grocery Outlet from a “buy” rating to a “hold” rating and lowered their price target for the company from $25.00 to $16.00 in a research note on Wednesday, November 6th. Craig Hallum cut their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. The Goldman Sachs Group decreased their price objective on Grocery Outlet from $17.00 to $15.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, Roth Mkm dropped their target price on Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, November 6th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.00.

Grocery Outlet Stock Up 0.2 %

Shares of GO opened at $17.86 on Tuesday. 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 stock has a market capitalization of $1.73 billion, a PE ratio of 35.02, a P/E/G ratio of 4.45 and a beta of 0.13. The firm’s 50 day moving average is $16.64 and its 200-day moving average is $19.21. Grocery Outlet Holding Corp. has a 12 month low of $13.60 and a 12 month high of $29.80.

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

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.