Grocery Outlet Holding Corp. (NASDAQ:GO) EVP Steven K. Wilson Sells 6,477 Shares

Grocery Outlet Holding Corp. (NASDAQ:GO) EVP Steven K. Wilson sold 6,477 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $11.34, for a total value of $73,449.18. Following the completion of the sale, the executive vice president now owns 173,605 shares in the company, valued at approximately $1,968,680.70. This represents a 3.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Grocery Outlet Stock Performance

NASDAQ GO opened at $11.53 on Friday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.46 and a quick ratio of 0.33. Grocery Outlet Holding Corp. has a 1-year low of $10.26 and a 1-year high of $29.13. The business’s 50-day simple moving average is $15.60 and its 200-day simple moving average is $16.84. The firm has a market capitalization of $1.12 billion, a P/E ratio of 22.61, a P/E/G ratio of 9.08 and a beta of 0.36.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on GO shares. Morgan Stanley cut their target price on shares of Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating for the company in a research note on Wednesday, February 26th. Bank of America decreased their target price on shares of Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating for the company in a research report 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. Wells Fargo & Company decreased their price target on shares of Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group reduced their target price on shares of Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Decker Retirement Planning Inc. acquired a new position 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 in the third quarter valued at about $32,000. Aster Capital Management DIFC Ltd acquired a new position in Grocery Outlet during the fourth quarter worth approximately $41,000. Quadrant Capital Group LLC grew its position in Grocery Outlet by 276.3% during the fourth quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company’s stock worth $43,000 after buying an additional 2,036 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Grocery Outlet by 62.7% in the 4th quarter. KBC Group NV now owns 4,506 shares of the company’s stock valued at $70,000 after acquiring an additional 1,736 shares during the last quarter. Institutional investors own 99.87% of the company’s stock.

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.