Grocery Outlet Holding Corp. (NASDAQ:GO) EVP Sells $87,935.12 in Stock

by · The Cerbat Gem

Grocery Outlet Holding Corp. (NASDAQ:GO – Get Free Report) EVP Steven K. Wilson sold 6,682 shares of the stock in a transaction on Monday, March 10th. The shares were sold at an average price of $13.16, for a total value of $87,935.12. Following the sale, the executive vice president now directly owns 166,923 shares in the company, valued at $2,196,706.68. This trade represents a 3.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Grocery Outlet Stock Performance

NASDAQ GO traded down $0.58 on Tuesday, reaching $12.88. 2,838,419 shares of the stock were exchanged, compared to its average volume of 2,024,251. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. Grocery Outlet Holding Corp. has a one year low of $10.26 and a one year high of $29.13. The firm has a market capitalization of $1.25 billion, a PE ratio of 25.26, a PEG ratio of 9.08 and a beta of 0.36. The company’s 50-day simple moving average is $15.52 and its two-hundred day simple moving average is $16.74.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Franklin Resources Inc. raised its position in shares of Grocery Outlet by 1.8% during the third quarter. Franklin Resources Inc. now owns 29,987 shares of the company’s stock valued at $526,000 after buying an additional 529 shares during the last quarter. Amundi increased its holdings in Grocery Outlet by 0.6% in the 4th quarter. Amundi now owns 116,139 shares of the company’s stock valued at $1,895,000 after acquiring an additional 719 shares during the last quarter. Cedar Wealth Management LLC boosted its holdings in shares of Grocery Outlet by 3.9% during the 4th quarter. Cedar Wealth Management LLC now owns 20,370 shares of the company’s stock valued at $318,000 after purchasing an additional 765 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Grocery Outlet by 2.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 46,875 shares of the company’s stock valued at $732,000 after purchasing an additional 1,240 shares during the last quarter. Finally, Integrated Wealth Concepts LLC grew its position in shares of Grocery Outlet by 9.6% during the fourth quarter. Integrated Wealth Concepts LLC now owns 15,671 shares of the company’s stock valued at $245,000 after purchasing an additional 1,377 shares in the last quarter. Hedge funds and other institutional investors own 99.87% of the company’s stock.

Analysts Set New Price Targets

GO has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. The Goldman Sachs Group dropped their target price on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. Deutsche Bank Aktiengesellschaft cut Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price target on the stock. in a report on Wednesday, February 26th. Telsey Advisory Group cut their price objective on Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating for the company in a report on Wednesday, February 26th. Finally, Bank of America lowered their target price on Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $15.25.

View Our Latest Report on Grocery Outlet

Grocery Outlet Company Profile

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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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