Ieq Capital LLC Has $1.83 Million Stock Position in Grocery Outlet Holding Corp. (NASDAQ:GO)

Ieq Capital LLC lifted its holdings in shares of Grocery Outlet Holding Corp. (NASDAQ:GO) by 218.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 116,885 shares of the company’s stock after acquiring an additional 80,125 shares during the quarter. Ieq Capital LLC’s holdings in Grocery Outlet were worth $1,825,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Blue Trust Inc. raised its holdings 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 last quarter. Decker Retirement Planning Inc. bought a new position in Grocery Outlet during the fourth quarter worth $31,000. Capital Performance Advisors LLP acquired a new position in Grocery Outlet in the third quarter valued at $32,000. KBC Group NV boosted 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 acquiring an additional 1,736 shares during the last quarter. Finally, True Wealth Design LLC acquired a new stake in Grocery Outlet during the 3rd quarter worth about $75,000. Institutional investors own 99.87% of the company’s stock.

Grocery Outlet Stock Performance

Shares of GO stock opened at $15.68 on Monday. Grocery Outlet Holding Corp. has a 12 month low of $13.60 and a 12 month high of $29.19. The firm has a market capitalization of $1.52 billion, a PE ratio of 30.75, a price-to-earnings-growth ratio of 9.08 and a beta of 0.32. The firm has a fifty day simple moving average of $16.31 and a two-hundred day simple moving average of $17.23. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34.

Analyst Upgrades and Downgrades

GO has been the topic of a number of recent analyst reports. Roth Mkm dropped their price objective on Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 6th. Telsey Advisory Group reissued a “market perform” rating and issued a $18.00 price target on shares of Grocery Outlet in a research note on Wednesday, January 22nd. TD Cowen downgraded shares of Grocery Outlet from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $25.00 to $16.00 in a research report on Wednesday, November 6th. Wells Fargo & Company lowered their price objective on shares of Grocery Outlet from $26.00 to $23.00 and set an “overweight” rating for the company in a research note on Wednesday, November 6th. Finally, Craig Hallum cut their target price on shares of Grocery Outlet from $20.00 to $17.00 and set a “hold” rating on the stock in a research note on Wednesday, November 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.00.

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.