Grocery Outlet (NASDAQ:GO) Cut to “Hold” at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft lowered shares of Grocery Outlet (NASDAQ:GO) from a buy rating to a hold rating in a research report report published on Wednesday, Marketbeat Ratings reports. Deutsche Bank Aktiengesellschaft currently has $12.00 target price on the stock.

GO has been the subject of a number of other research reports. TD Cowen downgraded shares of Grocery Outlet from a “buy” rating to a “hold” rating and lowered their price target for the company from $25.00 to $16.00 in a report on Wednesday, November 6th. Roth Mkm lowered their price objective on Grocery Outlet from $20.00 to $16.00 and set a “neutral” rating for the company in a research note on Wednesday, November 6th. Craig Hallum cut their target price on Grocery Outlet from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Wednesday, November 6th. Telsey Advisory Group restated a “market perform” rating and set a $18.00 price target on shares of Grocery Outlet in a report on Wednesday, January 22nd. Finally, The Goldman Sachs Group dropped their price objective on shares of Grocery Outlet from $17.00 to $15.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.58.

Grocery Outlet Price Performance

GO stock opened at $10.99 on Wednesday. Grocery Outlet has a 52 week low of $10.26 and a 52 week high of $29.19. The firm has a market capitalization of $1.07 billion, a P/E ratio of 21.55, a price-to-earnings-growth ratio of 9.08 and a beta of 0.32. The company has a fifty day simple moving average of $16.14 and a two-hundred day simple moving average of $17.14. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GO. Barclays PLC boosted its position in Grocery Outlet by 1,224.1% in the 3rd quarter. Barclays PLC now owns 300,393 shares of the company’s stock valued at $5,271,000 after buying an additional 277,706 shares during the period. Jane Street Group LLC raised its stake in shares of Grocery Outlet by 357.7% during the third quarter. Jane Street Group LLC now owns 519,542 shares of the company’s stock valued at $9,118,000 after acquiring an additional 406,039 shares in the last quarter. Choreo LLC purchased a new stake in shares of Grocery Outlet in the fourth quarter valued at approximately $245,000. Cerity Partners LLC grew its stake in Grocery Outlet by 887.1% in the third quarter. Cerity Partners LLC now owns 105,675 shares of the company’s stock worth $1,855,000 after purchasing an additional 94,969 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in Grocery Outlet during the 3rd quarter worth $511,000. Hedge funds and other institutional investors own 99.87% of the company’s stock.

About Grocery Outlet

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.