SG Americas Securities LLC boosted its holdings in Grocery Outlet Holding Corp. (NASDAQ:GO – Free Report) by 7.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,740 shares of the company’s stock after purchasing an additional 895 shares during the period. SG Americas Securities LLC’s holdings in Grocery Outlet were worth $421,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of GO. Quadrant Capital Group LLC boosted its holdings in Grocery Outlet by 1,269.8% in the fourth quarter. Quadrant Capital Group LLC now owns 863 shares of the company’s stock valued at $25,000 after purchasing an additional 800 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Grocery Outlet by 58.1% during the 2nd quarter. Captrust Financial Advisors now owns 762 shares of the company’s stock worth $32,000 after buying an additional 280 shares during the last quarter. Dark Forest Capital Management LP bought a new position in Grocery Outlet during the 1st quarter worth approximately $55,000. State of Wyoming lifted its holdings in Grocery Outlet by 78.7% during the 4th quarter. State of Wyoming now owns 2,012 shares of the company’s stock worth $59,000 after buying an additional 886 shares during the last quarter. Finally, Jefferies Financial Group Inc. bought a new position in Grocery Outlet during the 4th quarter worth approximately $72,000.
Insider Buying and Selling at Grocery Outlet
In other Grocery Outlet news, Director Thomas F. Herman sold 2,000 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $33.26, for a total transaction of $66,520.00. Following the completion of the sale, the director now owns 23,400 shares in the company, valued at approximately $778,284. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Eric J. Jr. Lindberg sold 255,951 shares of the company’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $34.35, for a total value of $8,791,916.85. Following the sale, the director now directly owns 37,616 shares of the company’s stock, valued at approximately $1,292,109.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Thomas F. Herman sold 2,000 shares of the company’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $33.26, for a total transaction of $66,520.00. Following the completion of the sale, the director now directly owns 23,400 shares in the company, valued at $778,284. The disclosure for this sale can be found here. In the last 90 days, insiders sold 267,748 shares of company stock worth $9,189,292. Insiders own 6.20% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Report on GO
Grocery Outlet Stock Performance
NASDAQ:GO opened at $28.94 on Friday. Grocery Outlet Holding Corp. has a 1 year low of $25.71 and a 1 year high of $36.54. The firm has a 50 day moving average of $31.71 and a 200-day moving average of $30.19. The company has a current ratio of 1.37, a quick ratio of 0.37 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $2.86 billion, a P/E ratio of 40.76, a price-to-earnings-growth ratio of 2.80 and a beta of 0.05.
Grocery Outlet (NASDAQ:GO – Get Free Report) last posted its quarterly earnings data on Tuesday, August 8th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.02. Grocery Outlet had a net margin of 1.87% and a return on equity of 7.28%. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $974.89 million. As a group, sell-side analysts anticipate that Grocery Outlet Holding Corp. will post 0.84 EPS for the current fiscal year.
Grocery Outlet Company Profile
Grocery Outlet Holding Corp. engages in ownership and operation of 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.
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