Grocery Outlet Holding Corp. (NYSE:GO) has received a consensus rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $36.75.

Several equities research analysts recently issued reports on the company. Guggenheim assumed coverage on Grocery Outlet in a research note on Monday, July 15th. They issued a “neutral” rating for the company. Deutsche Bank boosted their price target on Facebook from $220.00 to $230.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Bank of America set a $68.00 price target on Inphi and gave the company a “buy” rating in a research note on Monday, July 15th. Cowen reiterated a “buy” rating on shares of Avrobio in a research note on Monday, July 15th. Finally, Jefferies Financial Group set a $189.00 price target on salesforce.com and gave the company a “buy” rating in a research note on Monday, July 15th.

Shares of GO stock traded up $1.60 during trading on Monday, hitting $39.25. The company had a trading volume of 402,719 shares, compared to its average volume of 664,977. Grocery Outlet has a one year low of $27.75 and a one year high of $39.56.

In other news, CFO Charles Bracher acquired 2,610 shares of the stock in a transaction on Monday, June 24th. The stock was acquired at an average cost of $22.00 per share, for a total transaction of $57,420.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey York acquired 25,000 shares of the stock in a transaction on Monday, June 24th. The shares were purchased at an average price of $22.00 per share, with a total value of $550,000.00. The disclosure for this purchase can be found here. Over the last 90 days, insiders have acquired 58,530 shares of company stock valued at $1,287,660.

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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Analyst Recommendations for Grocery Outlet (NYSE:GO)

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