Insider Selling: Grocery Outlet Holding Corp. (NASDAQ:GO) EVP Sells $73,449.18 in Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) EVP Steven K. Wilson sold 6,477 shares of Grocery Outlet stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total transaction of $73,449.18. Following the transaction, the executive vice president now owns 173,605 shares in the company, valued at $1,968,680.70. The trade was a 3.60 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Grocery Outlet Price Performance

GO opened at $13.10 on Friday. The company has a 50-day moving average of $15.55 and a 200-day moving average of $16.78. The company has a market capitalization of $1.28 billion, a P/E ratio of 25.69, a PEG ratio of 9.08 and a beta of 0.36. Grocery Outlet Holding Corp. has a 1-year low of $10.26 and a 1-year high of $29.13. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.33 and a current ratio of 1.46.

Institutional Investors Weigh In On Grocery Outlet

Several hedge funds and other institutional investors have recently modified their holdings of GO. Decker Retirement Planning Inc. bought a new stake in shares of Grocery Outlet during the 4th quarter valued at about $31,000. Capital Performance Advisors LLP bought a new stake in shares of Grocery Outlet during the 3rd quarter valued at about $32,000. Aster Capital Management DIFC Ltd bought a new stake in shares of Grocery Outlet during the 4th quarter valued at about $41,000. Quadrant Capital Group LLC grew its position in shares of Grocery Outlet by 276.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company’s stock valued at $43,000 after buying an additional 2,036 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Grocery Outlet by 62.7% during the 4th quarter. KBC Group NV now owns 4,506 shares of the company’s stock valued at $70,000 after buying an additional 1,736 shares during the last quarter. Institutional investors own 99.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company dropped their price target on shares of Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Telsey Advisory Group dropped their price target on shares of Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating on the stock in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a research note on Thursday, February 27th. Deutsche Bank Aktiengesellschaft downgraded shares of Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price target on the stock. in a research note on Wednesday, February 26th. Finally, Bank of America dropped their price target on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $15.25.

About Grocery Outlet

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.