Grocery Outlet (NASDAQ:GO) EVP Steven K. Wilson Sells 5,000 Shares

Key Points

• Grocery Outlet's EVP Steven Wilson sold 5,000 shares at $18.24 each, totaling $91,200, which reduced his ownership by 3.40%.
• The company's latest earnings report showed an EPS of $0.23, exceeding the consensus estimate of $0.17, with a revenue of $1.18 billion for the quarter.
• Brokerages have mixed ratings on Grocery Outlet, with analysts issuing price targets ranging from $16 to $19, reflecting a **consensus rating of "Hold."**

Grocery Outlet Holding Corp. (NASDAQ:GO - Get Free Report) EVP Steven K. Wilson sold 5,000 shares of the business's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $18.24, for a total transaction of $91,200.00. Following the sale, the executive vice president owned 141,923 shares of the company's stock, valued at $2,588,675.52. This trade represents a 3.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Grocery Outlet Stock Up 3.2%

GO stock traded up $0.57 during midday trading on Friday, reaching $18.63. 2,519,221 shares of the company's stock traded hands, compared to its average volume of 4,191,041. The company has a market cap of $1.83 billion, a price-to-earnings ratio of 266.18, a P/E/G ratio of 4.07 and a beta of 0.27. The firm's fifty day moving average price is $14.61 and its 200-day moving average price is $14.33. The company has a quick ratio of 0.25, a current ratio of 1.21 and a debt-to-equity ratio of 0.38. Grocery Outlet Holding Corp. has a 52 week low of $10.26 and a 52 week high of $21.67.

Grocery Outlet (NASDAQ:GO - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The company reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.06. Grocery Outlet had a net margin of 0.18% and a return on equity of 6.34%. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.20 billion. During the same quarter in the previous year, the business posted $0.25 EPS. Grocery Outlet's quarterly revenue was up 4.5% on a year-over-year basis. Grocery Outlet has set its FY 2025 guidance at 0.750-0.800 EPS. As a group, sell-side analysts forecast that Grocery Outlet Holding Corp. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GO has been the subject of several recent analyst reports. Telsey Advisory Group reiterated a "market perform" rating and issued a $16.00 target price on shares of Grocery Outlet in a research note on Wednesday, August 6th. UBS Group upped their target price on shares of Grocery Outlet from $14.50 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Craig Hallum upgraded shares of Grocery Outlet from a "hold" rating to a "buy" rating and set a $17.00 target price for the company in a research note on Wednesday, August 6th. Wells Fargo & Company upped their target price on shares of Grocery Outlet from $18.00 to $19.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 7th. Finally, Morgan Stanley upgraded shares of Grocery Outlet from an "underweight" rating to an "equal weight" rating and upped their target price for the stock from $13.00 to $16.00 in a research note on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $16.08.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its stake in shares of Grocery Outlet by 32.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company's stock valued at $37,000 after purchasing an additional 719 shares during the period. Bank of Montreal Can grew its stake in shares of Grocery Outlet by 5.1% during the 2nd quarter. Bank of Montreal Can now owns 16,525 shares of the company's stock valued at $205,000 after purchasing an additional 803 shares during the period. US Bancorp DE grew its stake in shares of Grocery Outlet by 64.2% during the 1st quarter. US Bancorp DE now owns 3,024 shares of the company's stock valued at $42,000 after acquiring an additional 1,182 shares during the period. Integrated Wealth Concepts LLC grew its stake in shares of Grocery Outlet by 9.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 15,671 shares of the company's stock valued at $245,000 after acquiring an additional 1,377 shares during the period. Finally, Parallel Advisors LLC grew its stake in shares of Grocery Outlet by 213.5% during the 2nd quarter. Parallel Advisors LLC now owns 2,025 shares of the company's stock valued at $25,000 after acquiring an additional 1,379 shares during the period. 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.