EntryPoint Capital LLC Makes New Investment in Grocery Outlet Holding Corp. (NASDAQ:GO)

EntryPoint Capital LLC purchased a new stake in Grocery Outlet Holding Corp. (NASDAQ:GO) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,513 shares of the company’s stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Decker Retirement Planning Inc. acquired a new position in Grocery Outlet during the 4th quarter valued at about $31,000. True Wealth Design LLC acquired a new position in shares of Grocery Outlet during the third quarter valued at about $75,000. KBC Group NV raised its position in shares of Grocery Outlet by 62.7% in the 4th 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. PNC Financial Services Group Inc. boosted its stake in Grocery Outlet by 472.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,896 shares of the company’s stock worth $76,000 after purchasing an additional 4,040 shares in the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in Grocery Outlet during the 4th quarter worth approximately $161,000. Hedge funds and other institutional investors own 99.87% of the company’s stock.

Grocery Outlet Trading Up 2.2 %

GO stock opened at $13.25 on Friday. Grocery Outlet Holding Corp. has a 52-week low of $10.26 and a 52-week high of $28.98. 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 firm has a market cap of $1.29 billion, a P/E ratio of 25.98, a PEG ratio of 9.08 and a beta of 0.36. The company’s 50-day simple moving average is $14.55 and its 200-day simple moving average is $16.23.

Insiders Place Their Bets

In related news, EVP Steven K. Wilson sold 6,682 shares of the firm’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $13.16, for a total value of $87,935.12. Following the transaction, the executive vice president now directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Christopher M. Miller acquired 10,000 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were purchased at an average price of $11.68 per share, with a total value of $116,800.00. Following the completion of the purchase, the chief financial officer now owns 10,000 shares in the company, valued at $116,800. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 200,000 shares of company stock worth $2,435,050 and have sold 17,756 shares worth $216,892. 4.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Telsey Advisory Group lowered 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. Deutsche Bank Aktiengesellschaft cut Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a research report on Wednesday, February 26th. Morgan Stanley cut their price objective on Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating on the stock in a report on Wednesday, February 26th. Wells Fargo & Company decreased their target price on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group cut 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. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.25.

Grocery Outlet 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.