WINTON GROUP Ltd Purchases Shares of 244,224 Grocery Outlet Holding Corp. (NASDAQ:GO)

WINTON GROUP Ltd acquired a new position in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 244,224 shares of the company’s stock, valued at approximately $3,812,000. WINTON GROUP Ltd owned 0.25% of Grocery Outlet as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in Grocery Outlet in the 4th quarter worth about $31,000. KBC Group NV raised its position in shares of Grocery Outlet by 62.7% in the fourth quarter. KBC Group NV now owns 4,506 shares of the company’s stock valued at $70,000 after buying an additional 1,736 shares in the last quarter. True Wealth Design LLC acquired a new stake in shares of Grocery Outlet in the third quarter valued at approximately $75,000. PNC Financial Services Group Inc. grew its position in Grocery Outlet by 472.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company’s stock worth $76,000 after buying an additional 4,040 shares in the last quarter. Finally, Proficio Capital Partners LLC bought a new position in Grocery Outlet during the 4th quarter worth $161,000. Institutional investors and hedge funds own 99.87% of the company’s stock.

Insider Buying and Selling at Grocery Outlet

In other news, EVP Steven K. Wilson sold 6,682 shares of the firm’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.16, for a total transaction of $87,935.12. Following the completion of the transaction, the executive vice president now owns 166,923 shares of the company’s stock, valued at approximately $2,196,706.68. This trade represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Lindsay E. Gray sold 2,741 shares of Grocery Outlet stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total transaction of $31,082.94. Following the transaction, the senior vice president now owns 41,448 shares in the company, valued at approximately $470,020.32. This trade represents a 6.20 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders bought 200,000 shares of company stock worth $2,435,050 and sold 17,756 shares worth $216,892. Corporate insiders own 4.50% of the company’s stock.

Grocery Outlet Trading Up 0.5 %

NASDAQ GO opened at $12.97 on Friday. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 9.08 and a beta of 0.36. Grocery Outlet Holding Corp. has a twelve month low of $10.26 and a twelve month high of $29.10. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The business’s fifty day moving average is $14.61 and its 200 day moving average is $16.26.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on GO shares. Wells Fargo & Company cut their target price on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Morgan Stanley reduced their price objective on shares of Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 26th. Bank of America dropped their target price on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. Telsey Advisory Group reduced their price target on shares of Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating on the stock in a research report on Wednesday, February 26th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price objective for the company. in a research report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $15.25.

About Grocery Outlet

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.