Insider Selling: Grocery Outlet Holding Corp. (NASDAQ:GO) EVP Sells $87,935.12 in Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) EVP Steven K. Wilson sold 6,682 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $13.16, for a total value of $87,935.12. Following the sale, the executive vice president now owns 166,923 shares in the company, valued at approximately $2,196,706.68. This represents a 3.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Grocery Outlet Stock Up 1.4 %

GO opened at $12.43 on Friday. The company has a current ratio of 1.46, a quick ratio of 0.33 and a debt-to-equity ratio of 0.34. The stock’s fifty day simple moving average is $15.32 and its 200 day simple moving average is $16.65. Grocery Outlet Holding Corp. has a 1-year low of $10.26 and a 1-year high of $29.13. The stock has a market cap of $1.21 billion, a PE ratio of 24.37, a price-to-earnings-growth ratio of 9.08 and a beta of 0.36.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on GO shares. Bank of America dropped their price objective on Grocery Outlet from $20.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, February 26th. 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 research note 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 research note on Wednesday, February 26th. Morgan Stanley dropped their price objective on Grocery Outlet from $13.00 to $10.00 and set an “underperform” rating on the stock in a research note on Wednesday, February 26th. Finally, 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 research note on Thursday, February 27th. Two equities 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 company’s stock. Based on data from MarketBeat.com, Grocery Outlet currently has an average rating of “Hold” and a consensus target price of $15.25.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Decker Retirement Planning Inc. acquired a new position in Grocery Outlet in the 4th quarter valued at $31,000. Capital Performance Advisors LLP acquired a new position in Grocery Outlet in the 3rd quarter valued at $32,000. Aster Capital Management DIFC Ltd acquired a new position in Grocery Outlet in the 4th quarter valued at $41,000. Quadrant Capital Group LLC grew its holdings in shares of Grocery Outlet by 276.3% during the 4th quarter. Quadrant Capital Group LLC now owns 2,773 shares of the company’s stock worth $43,000 after purchasing an additional 2,036 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Grocery Outlet by 62.7% during the 4th quarter. KBC Group NV now owns 4,506 shares of the company’s stock worth $70,000 after purchasing an additional 1,736 shares in the last quarter. 99.87% of the stock is owned by institutional investors and hedge funds.

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.