Grocery Outlet Holding Corp. (NYSE:GO) President Sells $490,750.00 in Stock

Grocery Outlet Holding Corp. (NYSE:GO) President Robert Joseph Jr. Sheedy sold 12,500 shares of the firm’s stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $39.26, for a total transaction of $490,750.00. Following the completion of the transaction, the president now directly owns 28,309 shares of the company’s stock, valued at $1,111,411.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Robert Joseph Jr. Sheedy also recently made the following trade(s):

  • On Thursday, August 27th, Robert Joseph Jr. Sheedy sold 18,750 shares of Grocery Outlet stock. The shares were sold at an average price of $40.60, for a total transaction of $761,250.00.
  • On Thursday, August 13th, Robert Joseph Jr. Sheedy sold 18,750 shares of Grocery Outlet stock. The shares were sold at an average price of $42.71, for a total transaction of $800,812.50.

NYSE:GO opened at $40.08 on Wednesday. Grocery Outlet Holding Corp. has a twelve month low of $28.11 and a twelve month high of $46.00. The stock has a fifty day simple moving average of $41.88 and a 200-day simple moving average of $37.39.

Grocery Outlet (NYSE:GO) last released its earnings results on Monday, August 10th. The company reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.19. The business had revenue of $803.43 million for the quarter, compared to the consensus estimate of $780.56 million. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.20 earnings per share.

A number of research firms recently weighed in on GO. Nomura began coverage on shares of Grocery Outlet in a report on Tuesday, June 16th. They issued a “buy” rating and a $40.00 target price for the company. Deutsche Bank lifted their price objective on shares of Grocery Outlet from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Goldman Sachs Group lifted their price objective on shares of Grocery Outlet from $43.00 to $47.00 and gave the stock a “buy” rating in a research note on Tuesday, July 21st. Morgan Stanley lifted their price objective on shares of Grocery Outlet from $41.00 to $43.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 12th. Finally, Zacks Investment Research lowered shares of Grocery Outlet from a “buy” rating to a “hold” rating in a research note on Friday, July 3rd. Three research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $47.00.

Several hedge funds have recently added to or reduced their stakes in GO. Copper Rock Capital Partners LLC raised its holdings in shares of Grocery Outlet by 3,683.3% in the second 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 in the last quarter. Jackson Square Partners LLC raised its holdings in shares of Grocery Outlet by 39.8% in the second quarter. Jackson Square Partners LLC now owns 7,880,464 shares of the company’s stock valued at $321,522,000 after acquiring an additional 2,241,531 shares in the last quarter. Capital International Investors raised its holdings in shares of Grocery Outlet by 255.9% in the first 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 in the last quarter. Vanguard Group Inc. raised its holdings in shares of Grocery Outlet by 45.3% in the second quarter. Vanguard Group Inc. now owns 6,429,555 shares of the company’s stock valued at $262,325,000 after acquiring an additional 2,004,975 shares in the last quarter. Finally, Capital World Investors bought a new stake in shares of Grocery Outlet in the first quarter valued at about $40,933,000.

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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Insider Buying and Selling by Quarter for Grocery Outlet (NYSE:GO)

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