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 completion of the transaction, the chief financial officer now directly owns 72,519 shares in the company, valued at $3,118,317. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

NYSE:GO opened at $43.99 on Friday. The stock’s fifty day moving average is $39.44 and its 200 day moving average is $35.37. Grocery Outlet Holding Corp. has a fifty-two week low of $28.11 and a fifty-two week high of $47.57.

Grocery Outlet (NYSE:GO) last released its quarterly earnings results on Monday, May 11th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ 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. During the same quarter in the previous year, the company posted $0.15 EPS. The business’s quarterly revenue was up 25.4% on a year-over-year basis.

GO has been the topic of a number of research analyst reports. Deutsche Bank boosted their price target on Grocery Outlet from $42.00 to $43.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Zacks Investment Research cut Grocery Outlet from a “buy” rating to a “hold” rating in a report on Friday, July 3rd. Morgan Stanley upped 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. MKM Partners initiated coverage on Grocery Outlet in a report on Wednesday. They set a “buy” rating and a $50.00 price objective on the stock. Finally, Nomura initiated coverage on Grocery Outlet in a report on Tuesday, June 16th. They set a “buy” rating and a $40.00 price objective on the stock. Five analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Grocery Outlet presently has an average rating of “Buy” and an average price target of $43.85.

A number of large investors have recently added to or reduced their stakes in the stock. Copper Rock Capital Partners LLC grew its position in Grocery Outlet by 3,683.3% in the 2nd quarter. Copper Rock Capital Partners LLC now owns 20,315,500 shares of the company’s stock valued at $725,049,000 after acquiring an additional 19,778,517 shares during the last quarter. Alliancebernstein L.P. grew its position in Grocery Outlet by 6.6% in the 1st quarter. Alliancebernstein L.P. now owns 3,919,095 shares of the company’s stock valued at $134,582,000 after acquiring an additional 242,040 shares during the last quarter. Capital Research Global Investors grew its position in Grocery Outlet by 23.2% in the 1st quarter. Capital Research Global Investors now owns 3,109,000 shares of the company’s stock valued at $106,763,000 after acquiring an additional 585,300 shares during the last quarter. Capital International Investors grew its position in Grocery Outlet by 255.9% in the 1st quarter. Capital International Investors now owns 3,090,814 shares of the company’s stock valued at $106,139,000 after acquiring an additional 2,222,314 shares during the last quarter. Finally, BlackRock Inc. grew its position in Grocery Outlet by 58.3% in the 1st quarter. BlackRock Inc. now owns 2,169,524 shares of the company’s stock valued at $74,500,000 after acquiring an additional 798,815 shares during the last quarter.

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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