Grocery Outlet Holding Corp. (NYSE:GO) VP Lindsay E. Gray sold 2,000 shares of the business’s stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $32.40, for a total value of $64,800.00. Following the completion of the sale, the vice president now owns 2,400 shares in the company, valued at $77,760. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
GO stock traded up $0.71 during mid-day trading on Friday, reaching $32.91. 613,700 shares of the company traded hands, compared to its average volume of 1,092,452. Grocery Outlet Holding Corp. has a 52-week low of $27.75 and a 52-week high of $47.57. The company has a fifty day moving average price of $32.99 and a 200-day moving average price of $34.67.
Grocery Outlet (NYSE:GO) last posted its earnings results on Monday, November 11th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.03. The company had revenue of $652.50 million for the quarter, compared to analysts’ expectations of $652.60 million. The firm’s revenue was up 13.1% on a year-over-year basis.
A number of equities research analysts recently issued reports on GO shares. Morgan Stanley lowered their price objective on Grocery Outlet from $39.00 to $36.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Zacks Investment Research cut Grocery Outlet from a “hold” rating to a “sell” rating in a research note on Thursday, January 23rd. Finally, Craig Hallum started coverage on Grocery Outlet in a research note on Wednesday, January 29th. They issued a “buy” rating and a $47.00 price objective on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $41.20.
Hedge funds have recently bought and sold shares of the business. Ladenburg Thalmann Financial Services Inc. purchased a new position in Grocery Outlet during the 2nd quarter valued at about $30,000. Great West Life Assurance Co. Can purchased a new position in Grocery Outlet during the 4th quarter valued at about $46,000. Atlas Capital Advisors LLC purchased a new position in Grocery Outlet during the 4th quarter valued at about $50,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Grocery Outlet during the 4th quarter valued at about $82,000. Finally, Squar Milner Financial Services LLC purchased a new position in Grocery Outlet during the 4th quarter valued at about $83,000.
About Grocery Outlet
Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as grocery, dairy and deli, produce, refrigerated and frozen, floral, beer and wine, general merchandise, and health and beauty care, as well as fresh meat and seafood; and natural, organic, specialty, and healthy products.
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