Grocery Outlet Holding Corp. (NASDAQ:GO - Get Free Report) SVP Lindsay E. Gray sold 2,741 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total transaction of $31,082.94. Following the completion of the sale, the senior vice president now owns 41,448 shares in the company, valued at $470,020.32. This represents a 6.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Grocery Outlet Stock Performance
Shares of GO stock opened at $11.53 on Friday. The stock has a market cap of $1.12 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 9.08 and a beta of 0.36. Grocery Outlet Holding Corp. has a 52-week low of $10.26 and a 52-week high of $29.13. The business has a 50-day simple moving average of $15.60 and a 200-day simple moving average of $16.84. 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 Investors Weigh In On Grocery Outlet
A number of institutional investors have recently modified their holdings of GO. Decker Retirement Planning Inc. purchased a new position in Grocery Outlet during the fourth quarter worth approximately $31,000. Capital Performance Advisors LLP purchased a new position in shares of Grocery Outlet during the 3rd quarter worth $32,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Grocery Outlet during the 4th quarter valued at about $41,000. Quadrant Capital Group LLC grew its holdings in shares of Grocery Outlet by 276.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company's stock valued at $43,000 after purchasing an additional 2,036 shares during the period. Finally, KBC Group NV increased its position in Grocery Outlet by 62.7% during the fourth quarter. KBC Group NV now owns 4,506 shares of the company's stock worth $70,000 after purchasing an additional 1,736 shares during the last quarter. 99.87% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
GO has been the subject of a number of recent analyst reports. The Goldman Sachs Group lowered their price objective on Grocery Outlet from $14.00 to $11.00 and set a "sell" rating for the company in a research report on Thursday, February 27th. Wells Fargo & Company decreased their price objective on shares of Grocery Outlet from $23.00 to $18.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft downgraded shares of Grocery Outlet from a "buy" rating to a "hold" rating and set a $12.00 target price on the stock. in a research report on Wednesday, February 26th. Bank of America decreased their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a "neutral" rating for the company in a report on Wednesday, February 26th. Finally, Morgan Stanley dropped their price objective on shares of Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating on the stock in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a sell rating, nine have assigned 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, Grocery Outlet has an average rating of "Hold" and an average price target of $15.25.
Check Out Our Latest Report on GO
Grocery Outlet Company Profile
(
Get Free Report)
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.
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