Insider Selling: Grocery Outlet Holding Corp. (NASDAQ:GO) SVP Sells 1,856 Shares of Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) SVP Lindsay E. Gray sold 1,856 shares of Grocery Outlet stock in a transaction dated Monday, March 10th. The stock was sold at an average price of $13.16, for a total value of $24,424.96. Following the completion of the transaction, the senior vice president now owns 39,592 shares of the company’s stock, valued at approximately $521,030.72. This represents a 4.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Grocery Outlet Price Performance

NASDAQ:GO opened at $12.26 on Thursday. Grocery Outlet Holding Corp. has a one year low of $10.26 and a one 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. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 24.04, a PEG ratio of 9.08 and a beta of 0.36. The firm’s fifty day moving average is $15.40 and its two-hundred day moving average is $16.68.

Wall Street Analyst Weigh In

Several research analysts recently commented on GO shares. Deutsche Bank Aktiengesellschaft lowered Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a research report on Wednesday, February 26th. Telsey Advisory Group dropped their target price on Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating for the company in a research report on Wednesday, February 26th. Bank of America dropped their target price on Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating for the company in a research report on Wednesday, February 26th. The Goldman Sachs Group dropped their target price on Grocery Outlet from $14.00 to $11.00 and set a “sell” rating for the company in a research report on Thursday, February 27th. Finally, Morgan Stanley dropped their target price on Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating for the company in a research report on Wednesday, February 26th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $15.25.

Institutional Investors Weigh In On Grocery Outlet

Hedge funds have recently added to or reduced their stakes in the business. Decker Retirement Planning Inc. purchased a new stake in Grocery Outlet in the fourth quarter valued at $31,000. Capital Performance Advisors LLP acquired a new position in shares of Grocery Outlet in the third quarter worth about $32,000. Aster Capital Management DIFC Ltd acquired a new position in shares of Grocery Outlet in the fourth quarter worth about $41,000. Quadrant Capital Group LLC raised its position in shares of Grocery Outlet by 276.3% in the fourth quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company’s stock worth $43,000 after acquiring an additional 2,036 shares during the period. Finally, KBC Group NV raised its position in shares of Grocery Outlet by 62.7% in the fourth quarter. KBC Group NV now owns 4,506 shares of the company’s stock worth $70,000 after acquiring an additional 1,736 shares during the period. 99.87% of the stock is owned by hedge funds and other institutional investors.

Grocery Outlet Company Profile

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.