Grocery Outlet Holding Corp. (NASDAQ:GO) CFO Christopher M. Miller Acquires 10,000 Shares

Grocery Outlet Holding Corp. (NASDAQ:GO - Get Free Report) CFO Christopher M. Miller acquired 10,000 shares of the stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $11.68 per share, with a total value of $116,800.00. Following the completion of the acquisition, the chief financial officer now owns 10,000 shares in the company, valued at approximately $116,800. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Grocery Outlet Stock Up 0.3 %

GO stock traded up $0.04 during trading on Friday, hitting $11.87. 4,216,978 shares of the stock traded hands, compared to its average volume of 2,470,076. The stock has a market cap of $1.16 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 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 firm's 50 day moving average is $15.95 and its two-hundred day moving average is $17.03.

Analyst Ratings Changes

Several brokerages have recently issued reports on GO. Morgan Stanley cut their target price on shares of Grocery Outlet from $13.00 to $10.00 and set an "underperform" rating on the stock in a report on Wednesday. The Goldman Sachs Group cut their price target on shares of Grocery Outlet from $14.00 to $11.00 and set a "sell" rating on the stock in a report on Thursday. Roth Mkm lowered their price objective on shares of Grocery Outlet from $20.00 to $16.00 and set a "neutral" rating for the company in a research note on Wednesday, November 6th. UBS Group cut their target price on Grocery Outlet from $21.00 to $16.00 and set a "neutral" rating on the stock in a research note on Wednesday, November 6th. Finally, Craig Hallum lowered their price target on Grocery Outlet from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $15.25.

Hedge Funds Weigh In On Grocery Outlet

A number of hedge funds have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Grocery Outlet by 1,224.1% in the third quarter. Barclays PLC now owns 300,393 shares of the company's stock worth $5,271,000 after acquiring an additional 277,706 shares during the period. Jane Street Group LLC boosted its position in Grocery Outlet by 357.7% in the third quarter. Jane Street Group LLC now owns 519,542 shares of the company's stock worth $9,118,000 after purchasing an additional 406,039 shares during the last quarter. Choreo LLC bought a new stake in shares of Grocery Outlet during the 4th quarter valued at about $245,000. Cerity Partners LLC increased its position in shares of Grocery Outlet by 887.1% during the 3rd quarter. Cerity Partners LLC now owns 105,675 shares of the company's stock valued at $1,855,000 after purchasing an additional 94,969 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of Grocery Outlet in the third quarter worth approximately $511,000. Hedge funds and other institutional investors 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.