Grocery Outlet Holding Corp. (NASDAQ:GO – Get Free Report) Director Eric J. Jr. Lindberg sold 100,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $18.90, for a total value of $1,890,000.00. Following the completion of the transaction, the director now owns 70,938 shares of the company’s stock, valued at $1,340,728.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Grocery Outlet Stock Performance
NASDAQ GO opened at $18.88 on Wednesday. The company has a quick ratio of 0.30, a current ratio of 1.25 and a debt-to-equity ratio of 0.23. Grocery Outlet Holding Corp. has a 52-week low of $18.16 and a 52-week high of $33.79. The business’s 50-day moving average price is $20.52 and its 200 day moving average price is $23.58. The firm has a market cap of $1.89 billion, a P/E ratio of 29.50, a P/E/G ratio of 3.55 and a beta of 0.09.
Grocery Outlet (NASDAQ:GO – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.20 by $0.05. Grocery Outlet had a return on equity of 5.46% and a net margin of 1.60%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the company earned $0.23 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities research analysts expect that Grocery Outlet Holding Corp. will post 0.69 earnings per share for the current year.
Institutional Investors Weigh In On Grocery Outlet
Wall Street Analysts Forecast Growth
GO has been the topic of a number of research reports. TD Cowen decreased their price target on Grocery Outlet from $43.00 to $25.00 and set a “buy” rating on the stock in a research note on Friday, May 10th. Wells Fargo & Company started coverage on Grocery Outlet in a research note on Thursday, July 18th. They issued an “overweight” rating and a $28.00 price objective on the stock. Roth Mkm reduced their price objective on Grocery Outlet from $22.00 to $20.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Roth Capital upgraded Grocery Outlet from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 7th. Finally, The Goldman Sachs Group reduced their price objective on Grocery Outlet from $24.00 to $21.00 and set a “sell” rating on the stock in a research note on Thursday, May 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Grocery Outlet presently has an average rating of “Hold” and a consensus price target of $22.75.
Check Out Our Latest Research Report on GO
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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