Christopher M. Miller Buys 10,000 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO) Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) CFO Christopher M. Miller acquired 10,000 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $11.68 per share, for a total transaction of $116,800.00. Following the purchase, the chief financial officer now owns 10,000 shares in the company, valued at approximately $116,800. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Grocery Outlet Trading Up 0.3 %

NASDAQ GO opened at $11.87 on Friday. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. Grocery Outlet Holding Corp. has a twelve month low of $10.26 and a twelve month high of $29.13. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 23.27, a price-to-earnings-growth ratio of 9.08 and a beta of 0.32. The business’s fifty day moving average is $15.95 and its 200 day moving average is $17.05.

Wall Street Analyst Weigh In

GO has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their target price on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday. TD Cowen downgraded Grocery Outlet from a “buy” rating to a “hold” rating and reduced their target price for the company from $25.00 to $16.00 in a report on Wednesday, November 6th. Morgan Stanley reduced their target price on Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating on the stock in a report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a report on Wednesday. Finally, Telsey Advisory Group reduced their target price on Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating on the stock in a report on Wednesday. Two analysts have rated the stock with a sell rating, nine have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Grocery Outlet has an average rating of “Hold” and an average target price of $15.25.

Institutional Investors Weigh In On Grocery Outlet

Hedge funds have recently modified their holdings of the company. Barclays PLC lifted its holdings in Grocery Outlet by 1,224.1% during the 3rd quarter. Barclays PLC now owns 300,393 shares of the company’s stock worth $5,271,000 after buying an additional 277,706 shares during the period. Jane Street Group LLC lifted its holdings in Grocery Outlet by 357.7% during the 3rd quarter. Jane Street Group LLC now owns 519,542 shares of the company’s stock worth $9,118,000 after buying an additional 406,039 shares during the period. Choreo LLC acquired a new position in Grocery Outlet during the 4th quarter worth about $245,000. Cerity Partners LLC lifted its holdings in Grocery Outlet by 887.1% during the 3rd quarter. Cerity Partners LLC now owns 105,675 shares of the company’s stock worth $1,855,000 after buying an additional 94,969 shares during the period. Finally, Y Intercept Hong Kong Ltd acquired a new position in Grocery Outlet during the 3rd quarter worth about $511,000. Institutional investors and hedge funds own 99.87% of the company’s stock.

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.