SG Americas Securities LLC Makes New $658,000 Investment in Grocery Outlet Holding Corp. (NASDAQ:GO)

SG Americas Securities LLC purchased a new stake in Grocery Outlet Holding Corp. (NASDAQ:GO) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 42,130 shares of the company’s stock, valued at approximately $658,000.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. grew its position in Grocery Outlet by 76.6% in the third quarter. Blue Trust Inc. now owns 1,665 shares of the company’s stock valued at $29,000 after purchasing 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 about $32,000. Decker Retirement Planning Inc. bought a new position in shares of Grocery Outlet in the 4th quarter valued at about $31,000. True Wealth Design LLC acquired a new stake in shares of Grocery Outlet in the third quarter valued at about $75,000. Finally, Nisa Investment Advisors LLC bought a new stake in Grocery Outlet during the third quarter worth about $181,000. 99.87% of the stock is currently owned by institutional investors.

Grocery Outlet Trading Down 3.8 %

Shares of GO opened at $16.14 on Friday. 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 Holding Corp. has a 52-week low of $13.60 and a 52-week high of $29.19. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 31.65, a PEG ratio of 16.14 and a beta of 0.31. The business’s fifty day moving average is $17.41 and its 200-day moving average is $17.66.

Grocery Outlet (NASDAQ:GO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.28 EPS for the quarter, beating the consensus estimate 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 net margin of 1.20% and a return on equity of 5.25%. The firm’s revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.25 EPS. Equities analysts anticipate that Grocery Outlet Holding Corp. will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on GO shares. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Grocery Outlet from $29.00 to $26.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. Roth Mkm reduced their price target on Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, November 6th. Wells Fargo & Company lowered their price target on Grocery Outlet from $26.00 to $23.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 6th. Bank of America cut Grocery Outlet from a “buy” rating to a “neutral” rating and cut their price objective for the company from $29.00 to $17.00 in a research report on Wednesday, October 30th. Finally, Loop Capital began coverage on Grocery Outlet in a report on Thursday, October 17th. They set a “hold” rating and a $17.00 target price on the stock. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.00.

Insider Buying and Selling

In related news, Director Erik D. Ragatz purchased 110,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was bought at an average price of $18.25 per share, with a total value of $2,007,500.00. Following the completion of the purchase, the director now owns 539,785 shares in the company, valued at approximately $9,851,076.25. This represents a 25.59 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 4.50% of the stock is 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.