Robert Joseph Jr. Sheedy Sells 19,903 Shares of Grocery Outlet Holding Corp. (NASDAQ:GO) Stock

Grocery Outlet Holding Corp. (NASDAQ:GO – Get Rating) CEO Robert Joseph Jr. Sheedy sold 19,903 shares of the company’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $27.17, for a total transaction of $540,764.51. Following the completion of the transaction, the chief executive officer now owns 127,659 shares in the company, valued at approximately $3,468,495.03. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

Robert Joseph Jr. Sheedy also recently made the following trade(s):

• On Friday, March 3rd, Robert Joseph Jr. Sheedy sold 6,837 shares of Grocery Outlet stock. The shares were sold at an average price of $27.46, for a total transaction of $187,744.02.

Grocery Outlet Price Performance

Shares of Grocery Outlet stock opened at $26.71 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 0.47. Grocery Outlet Holding Corp. has a fifty-two week low of $25.71 and a fifty-two week high of $46.37. The firm has a fifty day moving average price of $29.18 and a two-hundred day moving average price of $31.86. The company has a market cap of $2.61 billion, a PE ratio of 41.09, a price-to-earnings-growth ratio of 3.40 and a beta of -0.02.

Analyst Ratings Changes

Several research firms have weighed in on GO. Craig Hallum lowered shares of Grocery Outlet from a “buy” rating to a “hold” rating in a research note on Wednesday, March 1st. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Grocery Outlet from $38.00 to $34.00 in a research note on Wednesday, March 1st. Morgan Stanley dropped their price target on shares of Grocery Outlet from $26.00 to $25.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 1st. TheStreet lowered shares of Grocery Outlet from a “b-” rating to a “c+” rating in a research note on Wednesday, February 1st. Finally, Credit Suisse Group restated a “neutral” rating and set a $30.00 price target on shares of Grocery Outlet in a research note on Wednesday, March 1st. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $39.20.

Institutional Trading of Grocery Outlet

A number of hedge funds have recently bought and sold shares of GO. Captrust Financial Advisors raised its stake 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 buying an additional 280 shares in the last quarter. Quadrant Capital Group LLC raised its stake in shares of Grocery Outlet by 1,269.8% in the 4th quarter. Quadrant Capital Group LLC now owns 863 shares of the company’s stock valued at $25,000 after buying an additional 800 shares in the last quarter. James Investment Research Inc. raised its stake in shares of Grocery Outlet by 230.5% in the 4th quarter. James Investment Research Inc. now owns 1,507 shares of the company’s stock valued at $44,000 after buying an additional 1,051 shares in the last quarter. IFP Advisors Inc increased its position in shares of Grocery Outlet by 123.3% during the 4th quarter. IFP Advisors Inc now owns 1,599 shares of the company’s stock worth $45,000 after purchasing an additional 883 shares in the last quarter. Finally, State of Wyoming increased its position in shares of 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 purchasing an additional 886 shares in the last quarter. 97.42% of the stock is owned by institutional investors.

Grocery Outlet Company Profile

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Grocery Outlet Holding Corp. engages in the operation of retail stores in the United States. It offers name-brand consumables and fresh products through a network of independently operated stores. The company was founded by Jim Read in 1946 and is headquartered in Emeryville, CA.