Grocery Outlet Holding Corp. (NASDAQ:GO) Shares Bought by Teacher Retirement System of Texas

Teacher Retirement System of Texas lifted its stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 26.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 20,505 shares of the company’s stock after purchasing an additional 4,244 shares during the period. Teacher Retirement System of Texas’ holdings in Grocery Outlet were worth $553,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Van Berkom & Associates Inc. increased its position in shares of Grocery Outlet by 62.4% in the 3rd quarter. Van Berkom & Associates Inc. now owns 2,394,826 shares of the company’s stock valued at $69,091,000 after purchasing an additional 920,032 shares during the last quarter. Geneva Capital Management LLC increased its holdings in Grocery Outlet by 48.1% in the fourth quarter. Geneva Capital Management LLC now owns 1,373,378 shares of the company’s stock valued at $37,026,000 after buying an additional 446,198 shares during the last quarter. Qube Research & Technologies Ltd raised its stake in Grocery Outlet by 60.9% in the third quarter. Qube Research & Technologies Ltd now owns 1,102,628 shares of the company’s stock valued at $31,811,000 after buying an additional 417,188 shares in the last quarter. AQR Capital Management LLC purchased a new stake in Grocery Outlet during the 3rd quarter worth about $6,842,000. Finally, Vanguard Group Inc. boosted its position in shares of Grocery Outlet by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 9,171,964 shares of the company’s stock worth $264,611,000 after acquiring an additional 217,421 shares in the last quarter. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on GO. Craig Hallum upgraded Grocery Outlet from a “hold” rating to a “buy” rating and set a $36.00 target price for the company in a research note on Wednesday, February 28th. UBS Group dropped their target price on shares of Grocery Outlet from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. TD Cowen reduced their price target on shares of Grocery Outlet from $43.00 to $25.00 and set a “buy” rating for the company in a research report on Friday, May 10th. Roth Mkm dropped their price objective on Grocery Outlet from $27.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Finally, The Goldman Sachs Group reduced their target price on Grocery Outlet from $24.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, May 9th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Grocery Outlet presently has a consensus rating of “Hold” and an average target price of $28.90.

Insider Activity at Grocery Outlet

In related news, Director Thomas F. Herman sold 1,000 shares of Grocery Outlet stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $29.00, for a total value of $29,000.00. Following the sale, the director now directly owns 10,400 shares in the company, valued at $301,600. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Grocery Outlet news, Director Thomas F. Herman sold 2,000 shares of the stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $29.00, for a total value of $58,000.00. Following the completion of the transaction, the director now directly owns 11,400 shares of the company’s stock, valued at $330,600. The sale was disclosed in a filing with the SEC, which is available at this link. 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 value of $29,000.00. Following the sale, the director now directly owns 10,400 shares in the company, valued at approximately $301,600. The disclosure for this sale can be found here. Over the last 90 days, insiders bought 146,500 shares of company stock worth $3,323,025 and sold 507,920 shares worth $13,397,454. 4.50% of the stock is owned by insiders.

Grocery Outlet Trading Down 0.1 %

Shares of GO stock opened at $22.62 on Friday. Grocery Outlet Holding Corp. has a twelve month low of $19.73 and a twelve month high of $36.54. The company has a current ratio of 1.25, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $25.70 and its two-hundred day moving average is $26.52. The company has a market capitalization of $2.26 billion, a P/E ratio of 35.34, a price-to-earnings-growth ratio of 3.99 and a beta of 0.13.

Grocery Outlet (NASDAQ:GO) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). The firm had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.02 billion. Grocery Outlet had a net margin of 1.60% and a return on equity of 5.46%. Equities analysts forecast that Grocery Outlet Holding Corp. will post 0.72 EPS for the current year.

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.