2,000 Shares in Grocery Outlet Holding Corp. (NASDAQ:GO) Bought by Decker Retirement Planning Inc.

Decker Retirement Planning Inc. acquired a new stake in Grocery Outlet Holding Corp. (NASDAQ:GO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 2,000 shares of the company’s stock, valued at approximately $31,000.

Other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. increased its position in Grocery Outlet by 76.6% during the 3rd quarter. Blue Trust Inc. now owns 1,665 shares of the company’s stock worth $29,000 after purchasing an additional 722 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Grocery Outlet in the third quarter valued at approximately $32,000. True Wealth Design LLC acquired a new position in Grocery Outlet during the third quarter worth $75,000. Canada Pension Plan Investment Board purchased a new position in Grocery Outlet in the second quarter worth $82,000. Finally, Nisa Investment Advisors LLC acquired a new stake in Grocery Outlet in the third quarter valued at $181,000. 99.87% of the stock is owned by institutional investors and hedge funds.

Grocery Outlet Stock Performance

NASDAQ GO opened at $15.95 on Friday. 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 stock has a market cap of $1.55 billion, a price-to-earnings ratio of 31.28, a price-to-earnings-growth ratio of 17.51 and a beta of 0.31. Grocery Outlet Holding Corp. has a fifty-two week low of $13.60 and a fifty-two week high of $29.19. The business has a fifty day moving average of $17.82 and a 200-day moving average of $18.03.

Grocery Outlet (NASDAQ:GO) last announced its earnings results on Tuesday, November 5th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. Grocery Outlet had a net margin of 1.20% and a return on equity of 5.25%. The firm had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same quarter in the previous year, the company posted $0.25 EPS. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. As a group, analysts predict that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

GO has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Grocery Outlet from $29.00 to $26.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. The Goldman Sachs Group dropped their target price on shares of Grocery Outlet from $17.00 to $15.00 and set a “sell” rating for the company in a report on Friday, November 1st. Craig Hallum decreased their price target on Grocery Outlet from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. Melius Research started coverage on Grocery Outlet in a research note on Monday, September 23rd. They issued a “hold” rating and a $17.00 price objective for the company. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $18.00 target price on shares of Grocery Outlet in a research report on Thursday, December 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $18.00.

Insider Activity at Grocery Outlet

In other Grocery Outlet news, Director Erik D. Ragatz purchased 110,000 shares of the stock in a transaction on Friday, November 15th. The stock was bought at an average price of $18.25 per share, for a total transaction of $2,007,500.00. Following the acquisition, the director now directly owns 539,785 shares of the company’s stock, valued at $9,851,076.25. This represents a 25.59 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.50% of the company’s stock.

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.