Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its stake in Grocery Outlet Holding Corp. (NASDAQ:GO) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 235,237 shares of the company’s stock after selling 1,740 shares during the period. Rhumbline Advisers owned 0.24% of Grocery Outlet worth $3,672,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Barclays PLC boosted its stake in Grocery Outlet by 1,224.1% during the 3rd quarter. Barclays PLC now owns 300,393 shares of the company’s stock valued at $5,271,000 after purchasing an additional 277,706 shares during the period. Jane Street Group LLC grew its stake in shares of Grocery Outlet by 357.7% in the third quarter. Jane Street Group LLC now owns 519,542 shares of the company’s stock worth $9,118,000 after purchasing an additional 406,039 shares in the last quarter. Choreo LLC acquired a new position in Grocery Outlet during the 4th quarter valued at about $245,000. Cerity Partners LLC increased its stake in shares of Grocery Outlet by 887.1% during the third quarter. Cerity Partners LLC now owns 105,675 shares of the company’s stock valued at $1,855,000 after acquiring an additional 94,969 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Grocery Outlet in the 3rd quarter worth $511,000. Institutional investors and hedge funds own 99.87% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Christopher M. Miller bought 10,000 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $11.68 per share, with a total value of $116,800.00. Following the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at $116,800. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.50% of the company’s stock.

Grocery Outlet Price Performance

Shares of GO stock opened at $11.87 on Friday. The company has a market capitalization of $1.15 billion, a P/E ratio of 23.27, a P/E/G ratio of 9.08 and a beta of 0.32. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. Grocery Outlet Holding Corp. has a 12 month low of $10.26 and a 12 month high of $29.13. The stock has a 50 day moving average of $15.95 and a two-hundred day moving average of $17.05.

Analysts Set New Price Targets

GO has been the subject of several recent research reports. The Goldman Sachs Group cut their target price on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating for the company in a research note on Thursday. Roth Mkm cut their target price on shares of Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft cut Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a research note on Wednesday. Bank of America cut their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday. Finally, Craig Hallum reduced their target price on Grocery Outlet from $20.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $15.25.

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.