Grocery Outlet Holding Corp. (NASDAQ:GO) SVP Lindsay E. Gray Sells 1,856 Shares

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

Grocery Outlet Price Performance

NASDAQ:GO opened at $12.88 on Wednesday. Grocery Outlet Holding Corp. has a 52 week low of $10.26 and a 52 week high of $29.13. The company has a quick ratio of 0.33, a current ratio of 1.46 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1.25 billion, a P/E ratio of 25.26, a P/E/G ratio of 9.08 and a beta of 0.36. The stock’s fifty day moving average is $15.47 and its two-hundred day moving average is $16.71.

Institutional Investors Weigh In On Grocery Outlet

A number of institutional investors and hedge funds have recently added to or reduced their stakes in GO. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Grocery Outlet by 8.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 313,642 shares of the company’s stock valued at $4,896,000 after buying an additional 23,606 shares during the period. Voloridge Investment Management LLC raised its holdings in shares of Grocery Outlet by 28.8% in the 4th quarter. Voloridge Investment Management LLC now owns 1,239,352 shares of the company’s stock valued at $19,346,000 after buying an additional 277,489 shares during the period. Twinbeech Capital LP purchased a new stake in shares of Grocery Outlet in the 4th quarter valued at $4,040,000. Two Sigma Advisers LP acquired a new position in Grocery Outlet during the 4th quarter worth $1,033,000. Finally, Two Sigma Investments LP grew its stake in Grocery Outlet by 188.3% during the 4th quarter. Two Sigma Investments LP now owns 396,445 shares of the company’s stock worth $6,189,000 after purchasing an additional 258,913 shares in the last quarter. Hedge funds and other institutional investors own 99.87% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on GO. Bank of America dropped their target price on Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating on the stock in a report on Wednesday, February 26th. Telsey Advisory Group dropped their price objective on Grocery Outlet from $18.00 to $16.00 and set a “market perform” rating on the stock in a report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft lowered Grocery Outlet from a “buy” rating to a “hold” rating and set a $12.00 price objective on the stock. in a report on Wednesday, February 26th. The Goldman Sachs Group dropped their price objective on Grocery Outlet from $14.00 to $11.00 and set a “sell” rating on the stock in a report on Thursday, February 27th. Finally, Wells Fargo & Company dropped their price objective on Grocery Outlet from $23.00 to $18.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Grocery Outlet currently has an average rating of “Hold” and an average target price of $15.25.

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.