16,476 Shares in Grocery Outlet Holding Corp. (NASDAQ:GO) Purchased by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new stake in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,476 shares of the company’s stock, valued at approximately $257,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GO. Franklin Resources Inc. grew its position in Grocery Outlet by 1.8% during the third quarter. Franklin Resources Inc. now owns 29,987 shares of the company’s stock worth $526,000 after buying an additional 529 shares in the last quarter. Amundi grew its holdings in shares of Grocery Outlet by 0.6% during the fourth quarter. Amundi now owns 116,139 shares of the company’s stock worth $1,895,000 after purchasing an additional 719 shares in the last quarter. Cedar Wealth Management LLC increased its position in shares of Grocery Outlet by 3.9% in the fourth quarter. Cedar Wealth Management LLC now owns 20,370 shares of the company’s stock worth $318,000 after purchasing an additional 765 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Grocery Outlet by 2.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 46,875 shares of the company’s stock valued at $732,000 after purchasing an additional 1,240 shares in the last quarter. Finally, KBC Group NV lifted its position in Grocery Outlet by 62.7% during the fourth quarter. KBC Group NV now owns 4,506 shares of the company’s stock valued at $70,000 after purchasing an additional 1,736 shares during the last quarter. 99.87% of the stock is currently owned by institutional investors.

Insider Transactions at Grocery Outlet

In related news, Director Erik D. Ragatz acquired 165,000 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $12.25 per share, for a total transaction of $2,021,250.00. Following the acquisition, the director now owns 201,500 shares of the company’s stock, valued at $2,468,375. This trade represents a 452.05 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Steven K. Wilson sold 6,682 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.16, for a total transaction of $87,935.12. Following the transaction, the executive vice president now owns 166,923 shares in the company, valued at $2,196,706.68. This represents a 3.85 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 200,000 shares of company stock worth $2,435,050 and sold 17,756 shares worth $216,892. 4.50% of the stock is currently owned by company insiders.

Grocery Outlet Trading Down 0.9 %

Shares of GO opened at $13.85 on Wednesday. The firm has a fifty day simple moving average of $14.47 and a two-hundred day simple moving average of $16.19. Grocery Outlet Holding Corp. has a twelve month low of $10.26 and a twelve month high of $28.60. The stock has a market capitalization of $1.35 billion, a P/E ratio of 27.16, a PEG ratio of 9.08 and a beta of 0.36. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group decreased their price target on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. Telsey Advisory Group dropped their price target on Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating for the company in a research note on Wednesday, February 26th. Bank of America reduced their price objective on Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft downgraded Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 target price for the company. in a research report on Wednesday, February 26th. Finally, Wells Fargo & Company decreased their price target on shares of Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.