Grocery Outlet Holding Corp. (NASDAQ:GO) Director Thomas F. Herman Sells 2,000 Shares

Grocery Outlet Holding Corp. (NASDAQ:GO) Director Thomas F. Herman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $29.74, for a total transaction of $59,480.00. Following the sale, the director now owns 15,400 shares of the company’s stock, valued at $457,996. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Grocery Outlet Stock Performance

Shares of GO stock opened at $28.44 on Friday. The firm has a 50 day moving average of $28.31 and a two-hundred day moving average of $30.10. The stock has a market capitalization of $2.82 billion, a PE ratio of 35.11, a P/E/G ratio of 2.99 and a beta of 0.08. The company has a quick ratio of 0.54, a current ratio of 1.34 and a debt-to-equity ratio of 0.24. Grocery Outlet Holding Corp. has a 52 week low of $25.71 and a 52 week high of $36.54.

Wall Street Analyst Weigh In

GO has been the topic of several analyst reports. Credit Suisse Group lifted their price target on shares of Grocery Outlet from $30.00 to $33.00 and gave the company a “neutral” rating in a research report on Wednesday, August 9th. Roth Mkm reduced their target price on Grocery Outlet from $31.00 to $29.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 8th. The Goldman Sachs Group lowered their price target on Grocery Outlet from $38.00 to $33.00 and set a “buy” rating for the company in a report on Tuesday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Grocery Outlet from $38.00 to $39.00 and gave the company a “buy” rating in a report on Wednesday, August 9th. Finally, TheStreet lowered shares of Grocery Outlet from a “b-” rating to a “c+” rating in a report on Wednesday, October 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $33.38.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of GO. Captrust Financial Advisors increased its position in shares of Grocery Outlet by 58.1% in the 2nd quarter. Captrust Financial Advisors now owns 762 shares of the company’s stock valued at $32,000 after purchasing an additional 280 shares during the last quarter. CWM LLC grew its stake in shares of Grocery Outlet by 248.0% during the third quarter. CWM LLC now owns 1,399 shares of the company’s stock worth $40,000 after purchasing an additional 997 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in Grocery Outlet by 102.0% in the second quarter. Quadrant Capital Group LLC now owns 1,709 shares of the company’s stock valued at $52,000 after buying an additional 863 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in Grocery Outlet in the first quarter valued at $55,000. Finally, State of Wyoming lifted its holdings in Grocery Outlet by 78.7% during the 4th quarter. State of Wyoming now owns 2,012 shares of the company’s stock worth $59,000 after buying an additional 886 shares during the last quarter.

About Grocery Outlet

Grocery Outlet Holding Corp. engages in ownership and operation of a network of independently operated stores in the United States. The company's stores offer products in various categories, such as dairy and deli, produce, floral, and fresh meat and seafood products, as well as grocery, general merchandise, health and beauty care, frozen foods, and beer and wine.