45,000 Shares in Grocery Outlet Holding Corp. (NYSE:GO) Acquired by Monashee Investment Management LLC

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Monashee Investment Management LLC acquired a new stake in shares of Grocery Outlet Holding Corp. (NYSE:GO) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 45,000 shares of the company’s stock, valued at approximately $1,480,000. Monashee Investment Management LLC owned 0.05% of Grocery Outlet at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Emerald Advisers LLC acquired a new position in shares of Grocery Outlet in the 2nd quarter valued at $256,000. Columbus Circle Investors acquired a new position in shares of Grocery Outlet in the 2nd quarter valued at $417,000. Janus Henderson Group PLC acquired a new position in shares of Grocery Outlet in the 2nd quarter valued at $486,000. Emerald Mutual Fund Advisers Trust acquired a new position in shares of Grocery Outlet in the 2nd quarter valued at $730,000. Finally, SG Americas Securities LLC acquired a new position in shares of Grocery Outlet in the 2nd quarter valued at $1,046,000.

NYSE GO traded up $2.11 during trading hours on Tuesday, reaching $44.91. The company had a trading volume of 12,984 shares, compared to its average volume of 612,878. The firm has a 50-day moving average price of $38.46. Grocery Outlet Holding Corp. has a 1-year low of $27.75 and a 1-year high of $47.57.

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

In other news, CFO Charles Bracher bought 2,610 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were purchased at an average cost of $22.00 per share, for a total transaction of $57,420.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jeffrey York bought 25,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were purchased at an average price of $22.00 per share, for a total transaction of $550,000.00. The disclosure for this purchase can be found here. Insiders have bought 58,530 shares of company stock worth $1,287,660 in the last three months.

Several equities research analysts recently commented on the stock. Guggenheim assumed coverage on shares of Grocery Outlet in a report on Monday, July 15th. They issued a “neutral” rating for the company. Goldman Sachs Group assumed coverage on shares of Grocery Outlet in a report on Monday, July 15th. They issued a “neutral” rating and a $32.00 price target for the company. Telsey Advisory Group assumed coverage on shares of Grocery Outlet in a report on Monday, July 15th. They issued an “outperform” rating and a $40.00 price target for the company. Jefferies Financial Group boosted their price target on shares of Grocery Outlet from $41.00 to $50.00 and gave the stock a “buy” rating in a report on Wednesday, August 14th. Finally, Morgan Stanley assumed coverage on shares of Grocery Outlet in a report on Monday, July 15th. They issued an “equal weight” rating and a $30.00 price target for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Grocery Outlet currently has an average rating of “Hold” and an average 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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