Landscape Capital Management L.L.C. Purchases Shares of 65,375 Grocery Outlet Holding Corp. (NYSE:GO)

Landscape Capital Management L.L.C. purchased a new stake in Grocery Outlet Holding Corp. (NYSE:GO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 65,375 shares of the company’s stock, valued at approximately $2,150,000. Landscape Capital Management L.L.C. owned approximately 0.08% of Grocery Outlet as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Emerald Advisers LLC bought a new position in shares of Grocery Outlet in the second quarter valued at $256,000. Columbus Circle Investors bought a new position in shares of Grocery Outlet in the second quarter valued at $417,000. Janus Henderson Group PLC bought a new position in shares of Grocery Outlet in the second quarter valued at $486,000. Emerald Mutual Fund Advisers Trust purchased a new position in Grocery Outlet during the 2nd quarter worth approximately $730,000. Finally, SG Americas Securities LLC purchased a new position in Grocery Outlet during the 2nd quarter worth approximately $1,046,000.

NYSE GO traded up $2.80 on Friday, hitting $46.56. 53,774 shares of the stock were exchanged, compared to its average volume of 629,265. Grocery Outlet Holding Corp. has a 52-week low of $27.75 and a 52-week high of $43.82. The business’s 50-day moving average price is $36.13.

Grocery Outlet (NYSE:GO) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.20 earnings per share 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 company’s revenue for the quarter was up 12.2% on a year-over-year basis.

In related news, CFO Charles Bracher purchased 2,610 shares of the stock in a transaction dated Monday, June 24th. The shares were acquired at an average cost of $22.00 per share, for a total transaction of $57,420.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Steven K. Wilson purchased 20,000 shares of the stock in a transaction dated Monday, June 24th. The shares were bought at an average price of $22.00 per share, for a total transaction of $440,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 58,530 shares of company stock worth $1,287,660.

Several research firms have weighed in on GO. Deutsche Bank lifted their price objective on shares of Grocery Outlet from $40.00 to $43.00 and gave the stock a “buy” rating in a research report on Wednesday. Telsey Advisory Group began coverage on shares of Grocery Outlet in a research report on Monday, July 15th. They set an “outperform” rating and a $40.00 price objective on the stock. Bank of America lifted their price objective on shares of Grocery Outlet from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Wednesday. Goldman Sachs Group began coverage on shares of Grocery Outlet in a research report on Monday, July 15th. They set a “neutral” rating and a $32.00 price objective on the stock. Finally, Cowen reiterated an “outperform” rating and set a $48.00 price objective (up from $42.00) on shares of Grocery Outlet in a research report on Wednesday. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $40.00.

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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