Grocery Outlet Holding Corp. (NASDAQ: GO) SVP Steven K. Wilson Actions Sells 5556

Grocery Outlet Holding Corp. (NASDAQ: GO – Get Rating) SVP Steven K. Wilson sold 5556 shares in a transaction dated Thursday, May 12 The shares were sold at an average price of $ 35.65, for a total value of $ 198 071.40. After the completion of the sale, the Senior Vice President now holds 155.993 shares of company stock, valued at $ 5,561,150.45. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is accessible through this link.

NASDAQ GO shares traded at $1.41 during Friday trading, hitting $36.92. 1,971,971 shares of the company were traded, against an average volume of 890,777. The company’s fifty-day simple moving average is $32.95 and its 200-day simple moving average is $29.00 . The stock has a market capitalization of $3.56 billion, a P/E ratio of 65.93, a PEG ratio of 3.25 and a beta of -0.19. Grocery Outlet Holding Corp. has a 12-month low of $21.01 and a 12-month high of $37.82. The company has a current ratio of 1.86, a quick ratio of 0.70 and a debt ratio of 0.45.

Grocery Outlet (NASDAQ:GO – Get Rating) last released its earnings results on Tuesday, May 10. The company reported earnings of $0.22 per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The company posted revenue of $831.40 million in the quarter, compared to analysts’ estimates of $810,390,000. Grocery Outlet had a net margin of 1.74% and a return on equity of 8.71%. The company’s quarterly revenue was up 10.5% on a year-over-year basis. During the same period of the previous year, the company earned EPS $0.23. As a group, research analysts expect Grocery Outlet Holding Corp. will show 0.96 EPS for the current year.

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Several large investors have recently bought and sold shares of GO. BlackRock Inc. increased its stake in Grocery Outlet by 7.7% in Q1. BlackRock Inc. now owns 8,852,693 shares of the company worth $290,192,000 after purchasing an additional 631,964 shares during the period. Vanguard Group Inc. increased its holdings in Grocery Outlet by 1.2% in the first quarter. Vanguard Group Inc. now owns 8,490,964 shares of the company valued at $278,334,000 after purchasing an additional 96,832 shares during the period. Capital Research Global Investors increased its holding in Grocery Outlet shares by 1.1% during the third quarter. Capital Research Global Investors now owns 6,870,625 shares of the company worth $148,199,000 after purchasing an additional 76,221 shares during the period. Capital World Investors increased its stake in Grocery Outlet by 44.7% in the 4th quarter. Capital World Investors now owns 5,693,839 shares of the company valued at $161,022,000 after purchasing an additional 1,760,000 shares in the last quarter. Finally, Parnassus Investments LLC increased its stake in Grocery Outlet by 12.5% ​​in the 1st quarter. Parnassus Investments LLC now owns 5,448,421 shares of the company valued at $178,599,000 after acquiring an additional 605,392 shares last quarter. Hedge funds and other institutional investors hold 96.41% of the company’s shares.

A number of research analysts have published reports on the stock. Cowen raises their price target on Grocery Outlet shares from $30.00 to $32.00 in a research note on Thursday, March 3. Bank of America grocery upgrade shares exited from an “underperform” to a “buy” rating and raised their price target for the company from $23.00 to $37.00 in a rating search on Friday April 29th. They noted that the move was an evaluation call. Craig Hallum updated Grocery Outlet from a “hold” to “buy” rating and set a $43.00 price target on the stock in a research note Wednesday. Deutsche Bank Aktiengesellschaft updated Grocery Outlet from a “hold” rating to “buy” and raised their price target for the company from $29.00 to $40.00 in a research note Wednesday. Finally, TheStreet updated from a grocery store outlet “d+” rating to a “c-” rating in a research note on Friday, February 25. One analyst rated the stock with a sell rating, three gave the stock a hold rating and five gave the stock a buy recommendation. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.70.

About groceries (Get an evaluation)

Grocery Outlet Holding Corp. owns and operates a network of independently operated stores in the United States. The company’s stores offer products in various categories, such as dairy and deli, produce, floral, and meat and fresh seafood, as well as groceries, general merchandise, health and beauty treatments, frozen foods, and beer and wine.

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Insider Buys and Sales by Quarter for Grocery Outlet (NASDAQ:GO)

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