Grocery Outlet Holding Corp. (NASDAQ:GO - Get Free Report) Director John E. Bachman acquired 10,000 shares of Grocery Outlet stock in a transaction that occurred on Tuesday, May 14th. The stock was acquired at an average price of $20.09 per share, with a total value of $200,900.00. Following the completion of the purchase, the director now directly owns 25,872 shares in the company, valued at approximately $519,768.48. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Grocery Outlet Trading Up 3.3 %
Shares of GO opened at $20.43 on Wednesday. Grocery Outlet Holding Corp. has a fifty-two week low of $19.73 and a fifty-two week high of $36.54. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 31.92, a PEG ratio of 2.34 and a beta of 0.13. The firm has a 50 day moving average price of $26.37 and a 200-day moving average price of $26.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.30 and a current ratio of 1.25.
Grocery Outlet (NASDAQ:GO - Get Free Report) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.02. Grocery Outlet had a net margin of 1.60% and a return on equity of 5.46%. The business had revenue of $989.82 million during the quarter, compared to the consensus estimate of $982.44 million. As a group, equities research analysts forecast that Grocery Outlet Holding Corp. will post 0.92 earnings per share for the current year.
Hedge Funds Weigh In On Grocery Outlet
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Large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC bought a new stake in shares of Grocery Outlet in the first quarter worth about $1,099,000. Capital World Investors lifted its holdings in Grocery Outlet by 281.4% in the 1st quarter. Capital World Investors now owns 3,579,683 shares of the company's stock worth $103,023,000 after buying an additional 2,641,016 shares during the period. Delap Wealth Advisory LLC purchased a new position in shares of Grocery Outlet during the first quarter valued at approximately $242,000. CANADA LIFE ASSURANCE Co increased its stake in shares of Grocery Outlet by 4.2% during the first quarter. CANADA LIFE ASSURANCE Co now owns 77,079 shares of the company's stock valued at $2,219,000 after buying an additional 3,109 shares during the period. Finally, Summit Creek Advisors LLC raised its holdings in shares of Grocery Outlet by 0.7% during the first quarter. Summit Creek Advisors LLC now owns 300,726 shares of the company's stock valued at $8,655,000 after acquiring an additional 2,109 shares in the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have weighed in on GO. UBS Group reduced their target price on Grocery Outlet from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Wednesday, May 8th. Telsey Advisory Group lowered their price target on Grocery Outlet from $37.00 to $31.00 and set an "outperform" rating on the stock in a report on Wednesday, May 8th. Craig Hallum raised Grocery Outlet from a "hold" rating to a "buy" rating and set a $36.00 price objective for the company in a report on Wednesday, February 28th. Roth Mkm decreased their price objective on shares of Grocery Outlet from $27.00 to $22.00 and set a "neutral" rating on the stock in a research report on Thursday, May 9th. Finally, The Goldman Sachs Group dropped their target price on shares of Grocery Outlet from $24.00 to $21.00 and set a "sell" rating for the company in a research report on Thursday, May 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $28.90.
View Our Latest Stock Analysis 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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