Grocery Outlet Holding Corp. (NASDAQ:GO) EVP Luke D. Thompson Sells 1,332 Shares of Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) EVP Luke D. Thompson sold 1,332 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $22.43, for a total value of $29,876.76. Following the completion of the sale, the executive vice president now owns 32,306 shares of the company’s stock, valued at $724,623.58. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Grocery Outlet Trading Down 0.0 %

Shares of NASDAQ GO opened at $22.83 on Thursday. Grocery Outlet Holding Corp. has a twelve month low of $19.73 and a twelve month high of $36.54. The company has a current ratio of 1.25, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23. The stock has a fifty day simple moving average of $25.87 and a 200-day simple moving average of $26.60. The stock has a market capitalization of $2.28 billion, a PE ratio of 35.69, a PEG ratio of 4.06 and a beta of 0.13.

Grocery Outlet (NASDAQ:GO) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. Grocery Outlet had a return on equity of 5.46% and a net margin of 1.60%. The business had revenue of $989.82 million during the quarter, compared to analysts’ expectations of $982.44 million. On average, equities analysts forecast that Grocery Outlet Holding Corp. will post 0.72 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on GO shares. Craig Hallum raised Grocery Outlet from a “hold” rating to a “buy” rating and set a $36.00 price objective on the stock in a report on Wednesday, February 28th. UBS Group cut their price objective on Grocery Outlet from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th. The Goldman Sachs Group dropped their target price on Grocery Outlet from $24.00 to $21.00 and set a “sell” rating on the stock in a report on Thursday, May 9th. Roth Mkm dropped their target price on Grocery Outlet from $27.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, May 9th. Finally, TD Cowen dropped their target price on Grocery Outlet from $43.00 to $25.00 and set a “buy” rating on the stock in a report on Friday, May 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Grocery Outlet currently has an average rating of “Hold” and an average target price of $28.90.

Institutional Investors Weigh In On Grocery Outlet

A number of institutional investors have recently modified their holdings of GO. Yousif Capital Management LLC grew its stake in Grocery Outlet by 3.9% during the 3rd quarter. Yousif Capital Management LLC now owns 34,406 shares of the company’s stock worth $993,000 after purchasing an additional 1,300 shares in the last quarter. Teacher Retirement System of Texas grew its stake in Grocery Outlet by 131.8% during the 3rd quarter. Teacher Retirement System of Texas now owns 16,261 shares of the company’s stock worth $469,000 after purchasing an additional 9,245 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in Grocery Outlet by 8.3% during the 3rd quarter. Principal Financial Group Inc. now owns 364,065 shares of the company’s stock worth $10,503,000 after buying an additional 27,817 shares during the last quarter. Capula Management Ltd lifted its holdings in Grocery Outlet by 106.3% during the 3rd quarter. Capula Management Ltd now owns 16,340 shares of the company’s stock worth $471,000 after buying an additional 8,420 shares during the last quarter. Finally, Versor Investments LP lifted its holdings in Grocery Outlet by 12.6% during the 3rd quarter. Versor Investments LP now owns 36,791 shares of the company’s stock worth $1,061,000 after buying an additional 4,113 shares during the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

Grocery Outlet Company Profile

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.