Ensign Peak Advisors Inc reduced its position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO – Get Rating) by 25.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 34,800 shares of the company’s stock after selling 12,060 shares during the quarter. Ensign Peak Advisors Inc’s holdings in Grocery Outlet were worth $1,158,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Grocery Outlet by 7.7% in the first quarter. BlackRock Inc. now owns 8,852,693 shares of the company’s stock worth $290,192,000 after buying an additional 631,964 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Grocery Outlet by 305.8% in the third quarter. First Trust Advisors LP now owns 814,298 shares of the company’s stock worth $27,107,000 after buying an additional 613,641 shares during the period. Driehaus Capital Management LLC purchased a new position in shares of Grocery Outlet in the second quarter worth about $25,856,000. Capital Research Global Investors grew its stake in shares of Grocery Outlet by 6.7% in the first quarter. Capital Research Global Investors now owns 7,339,446 shares of the company’s stock worth $240,587,000 after purchasing an additional 463,415 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in shares of Grocery Outlet by 30.5% in the third quarter. Victory Capital Management Inc. now owns 1,185,785 shares of the company’s stock worth $39,475,000 after purchasing an additional 277,286 shares during the last quarter. 97.42% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Grocery Outlet news, insider Steven K. Wilson sold 8,978 shares of the stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $27.17, for a total transaction of $243,932.26. Following the completion of the transaction, the insider now owns 186,084 shares of the company’s stock, valued at approximately $5,055,902.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Steven K. Wilson sold 8,978 shares of the company’s stock in a transaction dated Monday, March 6th. The shares were sold at an average price of $27.17, for a total transaction of $243,932.26. Following the sale, the insider now directly owns 186,084 shares in the company, valued at approximately $5,055,902.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert Joseph Jr. Sheedy sold 6,837 shares of the stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $27.46, for a total transaction of $187,744.02. Following the completion of the sale, the chief executive officer now directly owns 147,562 shares in the company, valued at $4,052,052.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 131,588 shares of company stock valued at $3,600,360. Company insiders own 11.20% of the company’s stock.
Grocery Outlet Trading Down 1.8 %
Analyst Upgrades and Downgrades
GO has been the topic of several recent analyst reports. TheStreet cut Grocery Outlet from a “b-” rating to a “c+” rating in a research note on Wednesday, February 1st. Credit Suisse Group reaffirmed a “neutral” rating and set a $30.00 price objective on shares of Grocery Outlet in a research report on Wednesday, March 1st. The Goldman Sachs Group cut their price objective on Grocery Outlet from $38.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, March 1st. Morgan Stanley cut their price objective on Grocery Outlet from $26.00 to $25.00 and set an “underweight” rating on the stock in a research report on Wednesday, March 1st. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $44.00 price objective on shares of Grocery Outlet in a research report on Friday, February 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Grocery Outlet has an average rating of “Hold” and an average target price of $39.20.
About Grocery Outlet
Grocery Outlet Holding Corp. engages in the operation of retail stores in the United States. It offers name-brand consumables and fresh products through a network of independently operated stores. The company was founded by Jim Read in 1946 and is headquartered in Emeryville, CA.
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