Grocery Outlet Holding Corp. (NYSE:GO) CAO Sells $486,502.00 in Stock
Grocery Outlet Holding Corp. (NYSE:GO) CAO Pamela B. Burke sold 11,314 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $43.00, for a total value of $486,502.00. Following the completion of the sale, the chief accounting officer now directly owns 20,364 shares in the company, valued at $875,652. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
Shares of NYSE:GO opened at $43.99 on Friday. Grocery Outlet Holding Corp. has a one year low of $28.11 and a one 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 announced its earnings results on Monday, May 11th. The company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The company had revenue of $760.30 million for the quarter, compared to analysts’ expectations of $748.13 million. The business’s quarterly revenue was up 25.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 earnings per share.
A number of brokerages have issued reports on GO. MKM Partners started coverage on Grocery Outlet in a research note on Wednesday. They issued a “buy” rating and a $50.00 price target on the stock. Morgan Stanley raised their price objective on Grocery Outlet from $38.00 to $41.00 and gave the stock an “equal weight” rating in a report on Tuesday, May 12th. Nomura Instinet started coverage on Grocery Outlet in a report on Tuesday, June 16th. They issued a “buy” rating and a $40.00 price objective on the stock. UBS Group raised their price objective on Grocery Outlet from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Finally, Deutsche Bank raised their price objective on Grocery Outlet from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Grocery Outlet presently has a consensus rating of “Buy” and a consensus price target of $43.85.
Grocery Outlet Company Profile
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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