Headlands Technologies LLC Has $131,000 Holdings in Grocery Outlet Holding Corp. (NASDAQ:GO)

Headlands Technologies LLC lifted its position in Grocery Outlet Holding Corp. (NASDAQ:GO) by 32,200.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,845 shares of the company’s stock after purchasing an additional 4,830 shares during the quarter. Headlands Technologies LLC’s holdings in Grocery Outlet were worth $131,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in GO. CWM LLC raised its holdings in shares of Grocery Outlet by 248.0% in the third quarter. CWM LLC now owns 1,399 shares of the company’s stock valued at $40,000 after buying an additional 997 shares during the last quarter. Acadian Asset Management LLC bought a new position in Grocery Outlet in the 3rd quarter worth approximately $113,000. Corton Capital Inc. acquired a new position in Grocery Outlet during the 3rd quarter worth $216,000. Numerai GP LLC bought a new position in Grocery Outlet in the 3rd quarter valued at $236,000. Finally, Securian Asset Management Inc. raised its position in shares of Grocery Outlet by 5.4% during the third quarter. Securian Asset Management Inc. now owns 8,366 shares of the company’s stock worth $241,000 after acquiring an additional 432 shares during the last quarter. Institutional investors and hedge funds own 99.87% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Craig Hallum raised shares of Grocery Outlet from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a report on Wednesday, February 28th. UBS Group cut their target price on Grocery Outlet from $32.00 to $30.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 28th. Finally, Telsey Advisory Group reduced their price objective on shares of Grocery Outlet from $40.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.44.

Grocery Outlet Price Performance

GO stock opened at $25.78 on Tuesday. The company’s 50-day moving average price is $26.96 and its two-hundred day moving average price is $27.15. The firm has a market cap of $2.58 billion, a P/E ratio of 32.63, a P/E/G ratio of 2.52 and a beta of 0.10. The company has a quick ratio of 0.43, a current ratio of 1.35 and a debt-to-equity ratio of 0.24. Grocery Outlet Holding Corp. has a 12 month low of $23.41 and a 12 month high of $36.54.

Grocery Outlet (NASDAQ:GO) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $989.82 million for the quarter, compared to analyst estimates of $982.44 million. Grocery Outlet had a return on equity of 7.17% and a net margin of 2.00%. On average, analysts anticipate that Grocery Outlet Holding Corp. will post 0.95 earnings per share for the current fiscal year.

Insider Activity at Grocery Outlet

In related news, Director Eric J. Jr. Lindberg sold 300,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $26.16, for a total value of $7,848,000.00. Following the completion of the transaction, the director now owns 107,123 shares in the company, valued at approximately $2,802,337.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Eric J. Jr. Lindberg sold 300,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $26.16, for a total value of $7,848,000.00. Following the sale, the director now directly owns 107,123 shares in the company, valued at $2,802,337.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas F. Herman sold 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $29.00, for a total transaction of $29,000.00. Following the completion of the transaction, the director now owns 10,400 shares in the company, valued at approximately $301,600. The disclosure for this sale can be found here. Insiders have sold a total of 506,588 shares of company stock valued at $13,367,577 in the last 90 days. 4.50% of the stock is owned by corporate insiders.

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.