Grocery Outlet Holding Corp. (NYSE:GO) CFO Charles Bracher sold 18,750 shares of the business’s stock in a transaction that occurred on Wednesday, July 29th. The stock was sold at an average price of $43.00, for a total value of $806,250.00. Following the transaction, the chief financial officer now directly owns 72,519 shares in the company, valued at approximately $3,118,317. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of NYSE:GO opened at $43.99 on Friday. Grocery Outlet Holding Corp. has a 1 year low of $28.11 and a 1 year high of $47.57. The business’s 50 day simple moving average is $39.44 and its 200 day simple moving average is $35.37.
Grocery Outlet (NYSE:GO) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. The company had revenue of $760.30 million for the quarter, compared to analyst estimates of $748.13 million. During the same period in the prior year, the company earned $0.15 EPS. The company’s quarterly revenue was up 25.4% compared to the same quarter last year.
A number of equities analysts have weighed in on GO shares. Nomura Instinet started coverage on Grocery Outlet in a research report on Tuesday, June 16th. They set a “buy” rating and a $40.00 price target on the stock. Nomura started coverage on Grocery Outlet in a research report on Tuesday, June 16th. They issued a “buy” rating and a $40.00 target price on the stock. Morgan Stanley upped their target price on Grocery Outlet from $38.00 to $41.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 12th. UBS Group upped their target price on Grocery Outlet from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, May 12th. Finally, Cowen reaffirmed a “buy” rating and issued a $48.00 target price on shares of Grocery Outlet in a research report on Thursday, June 18th. Five research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $43.85.
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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