Grocery Outlet Holding Corp. (NASDAQ:GO – Get Free Report) Director Eric J. Jr. Lindberg sold 200,095 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $16.29, for a total value of $3,259,547.55. Following the completion of the sale, the director now owns 70,938 shares in the company, valued at $1,155,580.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Grocery Outlet Stock Up 1.9 %
GO traded up $0.31 during trading on Monday, hitting $16.28. 1,793,017 shares of the company’s stock were exchanged, compared to its average volume of 1,750,622. The stock has a market cap of $1.63 billion, a P/E ratio of 25.34, a PEG ratio of 3.16 and a beta of 0.10. The business’s 50 day moving average is $18.69 and its two-hundred day moving average is $22.25. Grocery Outlet Holding Corp. has a fifty-two week low of $15.72 and a fifty-two week high of $29.98. The company has a quick ratio of 0.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.31.
Grocery Outlet (NASDAQ:GO – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.05. The business had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Grocery Outlet had a net margin of 1.30% and a return on equity of 5.18%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.23 EPS. As a group, equities analysts expect that Grocery Outlet Holding Corp. will post 0.68 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Grocery Outlet
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on GO shares. Melius Research assumed coverage on shares of Grocery Outlet in a research report on Monday. They set a “hold” rating and a $17.00 price objective for the company. UBS Group dropped their price objective on Grocery Outlet from $27.00 to $21.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Craig Hallum lowered Grocery Outlet from a “buy” rating to a “hold” rating and dropped their price target for the company from $32.00 to $20.00 in a research note on Wednesday, July 31st. Roth Mkm reduced their price objective on shares of Grocery Outlet from $22.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Roth Capital upgraded shares of Grocery Outlet from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Grocery Outlet presently has an average rating of “Hold” and an average target price of $22.11.
Get Our Latest Stock Report on Grocery Outlet
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.
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