5,177 Shares in Grocery Outlet Holding Corp. (NASDAQ:GO) Bought by Pictet Asset Management SA

Pictet Asset Management SA acquired a new position in shares of Grocery Outlet Holding Corp. (NASDAQ:GOGet Rating) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 5,177 shares of the company’s stock, valued at approximately $221,000.

Other large investors have also recently added to or reduced their stakes in the company. Yousif Capital Management LLC lifted its stake in Grocery Outlet by 9.2% during the second quarter. Yousif Capital Management LLC now owns 38,837 shares of the company’s stock worth $1,656,000 after purchasing an additional 3,275 shares during the last quarter. Xponance Inc. lifted its stake in Grocery Outlet by 16.9% in the second quarter. Xponance Inc. now owns 11,243 shares of the company’s stock valued at $479,000 after buying an additional 1,628 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Grocery Outlet by 2.1% in the first quarter. Principal Financial Group Inc. now owns 297,124 shares of the company’s stock valued at $9,740,000 after buying an additional 6,070 shares during the last quarter. Pembroke Management LTD lifted its stake in Grocery Outlet by 2.0% in the first quarter. Pembroke Management LTD now owns 261,348 shares of the company’s stock valued at $8,567,000 after buying an additional 5,247 shares during the last quarter. Finally, James Investment Research Inc. bought a new stake in Grocery Outlet in the second quarter valued at $58,000. 98.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

GO has been the topic of a number of recent research reports. Morgan Stanley cut their target price on Grocery Outlet from $33.00 to $30.00 and set an “underweight” rating on the stock in a research note on Thursday, November 10th. Cowen raised their price target on Grocery Outlet from $45.00 to $53.00 in a report on Wednesday, August 10th. Telsey Advisory Group lowered their price target on Grocery Outlet from $50.00 to $44.00 and set an “outperform” rating on the stock in a report on Wednesday, November 9th. The Goldman Sachs Group raised their price target on Grocery Outlet from $38.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, November 9th. Finally, Cowen raised their price target on Grocery Outlet from $45.00 to $53.00 in a report on Thursday, August 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $42.67.

Grocery Outlet Trading Down 1.8 %

NASDAQ:GO opened at $30.55 on Thursday. The company has a quick ratio of 0.48, a current ratio of 1.63 and a debt-to-equity ratio of 0.35. Grocery Outlet Holding Corp. has a 1-year low of $23.69 and a 1-year high of $46.37. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 54.55, a price-to-earnings-growth ratio of 3.35 and a beta of -0.04. The stock has a fifty day simple moving average of $33.12 and a 200 day simple moving average of $37.94.

Grocery Outlet (NASDAQ:GOGet Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.20 by ($0.03). Grocery Outlet had a net margin of 1.63% and a return on equity of 7.83%. The company had revenue of $918.19 million during the quarter, compared to analyst estimates of $880.51 million. Sell-side analysts forecast that Grocery Outlet Holding Corp. will post 0.77 earnings per share for the current year.

Insider Activity at Grocery Outlet

In other Grocery Outlet news, Director Thomas F. Herman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $31.69, for a total transaction of $63,380.00. Following the completion of the sale, the director now directly owns 39,400 shares in the company, valued at approximately $1,248,586. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Grocery Outlet news, Director Jeffrey York sold 50,000 shares of the firm’s stock in a transaction dated Thursday, September 8th. The stock was sold at an average price of $37.73, for a total transaction of $1,886,500.00. Following the completion of the sale, the director now directly owns 67,459 shares in the company, valued at approximately $2,545,228.07. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Thomas F. Herman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 16th. The stock was sold at an average price of $31.69, for a total value of $63,380.00. Following the sale, the director now owns 39,400 shares of the company’s stock, valued at $1,248,586. The disclosure for this sale can be found here. Insiders sold 180,078 shares of company stock worth $6,600,224 in the last quarter. 11.20% of the stock is owned by company insiders.

About Grocery Outlet

(Get Rating)

Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine.

Featured Articles

Want to see what other hedge funds are holding GO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Grocery Outlet Holding Corp. (NASDAQ:GOGet Rating).

Institutional Ownership by Quarter for Grocery Outlet (NASDAQ:GO)

Receive News & Ratings for Grocery Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grocery Outlet and related companies with MarketBeat.com's FREE daily email newsletter.