Stifel Financial Corp grew its stake in shares of Grocery Outlet Holding Corp. (NYSE:GO) by 134.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 106,380 shares of the company’s stock after acquiring an additional 61,092 shares during the period. Stifel Financial Corp’s holdings in Grocery Outlet were worth $4,340,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in GO. CSat Investment Advisory L.P. acquired a new stake in Grocery Outlet in the second quarter valued at approximately $25,000. AllSquare Wealth Management LLC bought a new stake in shares of Grocery Outlet during the first quarter worth about $26,000. American International Group Inc. grew its position in Grocery Outlet by 68.8% in the 1st quarter. American International Group Inc. now owns 915 shares of the company’s stock worth $31,000 after purchasing an additional 373 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Grocery Outlet by 24.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 1,784 shares of the company’s stock worth $61,000 after purchasing an additional 356 shares in the last quarter. Finally, Tower Research Capital LLC TRC purchased a new position in Grocery Outlet in the first quarter valued at about $68,000.

Grocery Outlet stock opened at $40.08 on Wednesday. The stock’s 50-day moving average is $41.88 and its 200-day moving average is $37.39. Grocery Outlet Holding Corp. has a 12 month low of $28.11 and a 12 month high of $46.00.

Grocery Outlet (NYSE:GO) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.19. The firm had revenue of $803.43 million for the quarter, compared to analyst estimates of $780.56 million. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year.

GO has been the topic of a number of analyst reports. UBS Group upped their target price on shares of Grocery Outlet from $40.00 to $46.00 and gave the stock a “neutral” rating in a report on Tuesday, August 11th. DA Davidson began coverage on shares of Grocery Outlet in a research note on Friday, August 14th. They issued a “buy” rating and a $53.00 price target for the company. MKM Partners assumed coverage on shares of Grocery Outlet in a research report on Wednesday, July 29th. They set a “buy” rating and a $50.00 target price for the company. Goldman Sachs Group lifted their price target on shares of Grocery Outlet from $43.00 to $47.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. Finally, Morgan Stanley boosted their price target on shares of Grocery Outlet from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Grocery Outlet presently has a consensus rating of “Buy” and a consensus target price of $47.00.

In other Grocery Outlet news, VP Lindsay E. Gray sold 2,000 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $40.66, for a total transaction of $81,320.00. Following the transaction, the vice president now owns 5,587 shares of the company’s stock, valued at approximately $227,167.42. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Brian Mcandrews sold 4,000 shares of the company’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $38.30, for a total value of $153,200.00. Following the transaction, the insider now directly owns 12,055 shares in the company, valued at approximately $461,706.50. The disclosure for this sale can be found here. Insiders sold 636,759 shares of company stock worth $26,902,591 over the last quarter.

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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