Vanguard Group Inc. purchased a new stake in Grocery Outlet Holding Corp. (NYSE:GO) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,024,122 shares of the company’s stock, valued at approximately $33,674,000. Vanguard Group Inc. owned about 1.19% of Grocery Outlet as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. Tower Research Capital LLC TRC purchased a new position in Grocery Outlet in the second quarter worth approximately $43,000. First Mercantile Trust Co. purchased a new position in Grocery Outlet in the second quarter worth approximately $53,000. Public Employees Retirement System of Ohio purchased a new position in Grocery Outlet in the second quarter worth approximately $226,000. Emerald Advisers LLC purchased a new position in Grocery Outlet in the second quarter worth approximately $256,000. Finally, Columbus Circle Investors purchased a new position in Grocery Outlet in the second quarter worth approximately $417,000.

GO has been the subject of several analyst reports. Goldman Sachs Group initiated coverage on Grocery Outlet in a research report on Monday, July 15th. They issued a “neutral” rating and a $32.00 price objective for the company. Deutsche Bank increased their price objective on Grocery Outlet from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Bank of America increased their price objective on Grocery Outlet from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 14th. Cowen reiterated an “outperform” rating and issued a $48.00 price objective (up from $42.00) on shares of Grocery Outlet in a research report on Wednesday, August 14th. Finally, Zacks Investment Research upgraded Grocery Outlet from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Grocery Outlet has a consensus rating of “Buy” and an average target price of $39.89.

In related news, CAO Pamela B. Burke sold 26,470 shares of Grocery Outlet stock in a transaction on Tuesday, October 8th. The stock was sold at an average price of $32.72, for a total value of $866,098.40. Also, EVP Thomas H. Mcmahon sold 50,000 shares of Grocery Outlet stock in a transaction on Tuesday, October 8th. The shares were sold at an average price of $32.72, for a total value of $1,636,000.00. Over the last 90 days, insiders have sold 12,119,742 shares of company stock valued at $396,557,958.

Shares of GO traded up $0.01 during midday trading on Wednesday, hitting $33.68. 371,027 shares of the stock were exchanged, compared to its average volume of 759,628. Grocery Outlet Holding Corp. has a 52-week low of $27.75 and a 52-week high of $47.57. The stock’s fifty day moving average is $36.83.

Grocery Outlet (NYSE:GO) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.13 by $0.07. The firm had revenue of $645.30 million for the quarter, compared to analysts’ expectations of $626.60 million. The business’s quarterly revenue was up 12.2% compared to the same quarter last year.

About Grocery Outlet

Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as grocery, dairy and deli, produce, refrigerated and frozen, floral, beer and wine, general merchandise, and health and beauty care, as well as fresh meat and seafood; and natural, organic, specialty, and healthy products.

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Institutional Ownership by Quarter for Grocery Outlet (NYSE:GO)

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