Fox Run Management L.L.C. Invests $315,000 in Grocery Outlet Holding Corp. (NASDAQ:GO)

Fox Run Management L.L.C. purchased a new stake in Grocery Outlet Holding Corp. (NASDAQ:GO) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 20,186 shares of the company’s stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Decker Retirement Planning Inc. bought a new position in shares of Grocery Outlet in the fourth quarter worth $31,000. KBC Group NV lifted its holdings in shares of Grocery Outlet by 62.7% during the 4th quarter. KBC Group NV now owns 4,506 shares of the company’s stock worth $70,000 after acquiring an additional 1,736 shares during the period. True Wealth Design LLC acquired a new stake in shares of Grocery Outlet during the 3rd quarter worth approximately $75,000. PNC Financial Services Group Inc. increased its stake in Grocery Outlet by 472.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company’s stock valued at $76,000 after acquiring an additional 4,040 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Grocery Outlet during the fourth quarter valued at approximately $161,000. 99.87% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GO has been the topic of a number of research analyst reports. Morgan Stanley reduced their target price on Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating on the stock in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft cut Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a research report on Wednesday, February 26th. The Goldman Sachs Group dropped their target price on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating for the company in a report on Thursday, February 27th. Bank of America decreased their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Finally, Telsey Advisory Group dropped their price objective on shares of 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. Two analysts have rated the stock with a sell rating, nine have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.25.

Insider Buying and Selling at Grocery Outlet

In other news, SVP Lindsay E. Gray sold 2,741 shares of Grocery Outlet stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $11.34, for a total value of $31,082.94. Following the completion of the transaction, the senior vice president now directly owns 41,448 shares of the company’s stock, valued at approximately $470,020.32. This trade represents a 6.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Steven K. Wilson sold 6,477 shares of the company’s stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total value of $73,449.18. Following the sale, the executive vice president now owns 173,605 shares in the company, valued at approximately $1,968,680.70. The trade was a 3.60 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have purchased 200,000 shares of company stock worth $2,435,050 and have sold 17,756 shares worth $216,892. Corporate insiders own 4.50% of the company’s stock.

Grocery Outlet Stock Performance

NASDAQ GO opened at $12.90 on Thursday. The company has a market capitalization of $1.26 billion, a price-to-earnings ratio of 25.29, a PEG 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 $29.13. The stock has a fifty day simple moving average of $14.67 and a 200 day simple moving average of $16.28. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

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.