Grocery Outlet Holding Corp. (NASDAQ:GO – Get Rating) Chief Financial Officer Charles Bracher sold 10,000 shares in a trade on Friday, June 10. The shares were sold at an average price of $38.66, for a total value of $386,600.00. Following the completion of the sale, the CFO now owns 77,234 shares of the company, valued at approximately $2,985,866.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this link.
Charles Bracher has also recently performed the following job(s):
- On Tuesday, May 24, Charles Bracher sold 30,000 shares of Grocery Outlet. The shares were sold at an average price of $37.80, for a total value of $1,134,000.00.
- On Friday, May 13, Charles Bracher sold 40,000 shares of Grocery Outlet. The stock was sold at an average price of $37.52, for a total value of $1,500,800.00.
Grocery Outlet shares were down $0.98 during Monday trading hours, hitting $37.67. 1,076,262 shares of the company were traded, with an average volume of 909,990. Grocery Outlet Holding Corp. has a 12-month low of $21.01 and a 12-month high of $39.50. The company has a current ratio of 1.90, a quick ratio of 0.68 and a debt ratio of 0.44. The stock has a 50-day moving average of $35.40 and a 200-day moving average of $30.64. The company has a market capitalization of $3.63 billion, a price/earnings ratio of 67.30, a PEG ratio of 4.85 and a beta of -0.20.
Grocery Outlet (NASDAQ:GO – Get Rating) last reported results on Tuesday, May 10. The company reported earnings per share (EPS) of $0.22 for the quarter, beating consensus analyst estimates of $0.20 by $0.02. The company posted revenue of $831.40 million for the quarter, versus analyst estimates of $810.39 million. Grocery Outlet had a net margin of 1.74% and a return on equity of 8.65%. Grocery Outlet revenues increased by 10.5% compared to the same quarter last year. During the same period last year, the company posted EPS of $0.23. As a group, research analysts predict that Grocery Outlet Holding Corp. will post an EPS of 0.76 for the current year.
Hedge funds and other institutional investors have recently been buying and selling stocks. Point72 Hong Kong Ltd acquired a new stake in Grocery Outlet during Q3, valued at approximately $36,000. Advisor Group Holdings Inc. increased its position in Grocery Outlet stocks by 51.3% in the first quarter. Advisor Group Holdings Inc. now owns 5,508 shares of the company valued at $192,000 after acquiring an additional 1,868 shares during the period. Sawtooth Solutions LLC acquired a new stake in Grocery Outlet stock in the first quarter worth $206,000. Lombard Odier Asset Management USA Corp acquired a new position in Grocery Outlet during the fourth quarter worth $202,000. Finally, Private Advisor Group LLC acquired a new position in Grocery Outlet during Q1 worth $242,000. 96.41% of the shares are held by institutional investors and hedge funds.
Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft upgraded Grocery Outlet shares from a “hold” rating to a “buy” rating and raised its price target for the stock from $29.00 to $40.00 in a Wednesday report May 11. Craig Hallum upgraded Grocery Outlet shares from a “hold” rating to a “buy” rating and set a price target of $43.00 on the stock in a Wednesday, May 11 report. TheStreet upgraded Grocery Outlet from a “d+” rating to a “c-” rating in a Friday, February 25 report. Telsey Advisory Group rephrased an “outperform” rating on Grocery Outlet shares in a Thursday, Feb. 24, research note. Finally, Cowen raised its price target on Grocery Outlet from $42.00 to $45.00 and gave the stock an “outperform” rating in a research note on Friday. Two research analysts rated the stock with a hold rating and six gave the company’s stock a buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $36.56.
About the grocery store (Get a rating)
Grocery Outlet Holding Corp. owns and operates a network of independent stores in the United States. The Company’s stores offer products in various categories, such as dairy and deli products, fruits and vegetables, floral and fresh meat and seafood products, as well as groceries, general merchandise, health and beauty care, frozen food, beer and wine.
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