The stock of Grocery Outlet Holding Corp (NASDAQ:GO) last traded at $20.92, up 0.19% from the previous session.
GO stock price is now -21.88% away from the 50-day moving average and -25.71% away from the 200-day moving average. The market capitalization of the company currently stands at $2.09B.
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With the price target reduced from $37 to $31, Telsey Advisory Group maintained Outperform rating for Grocery Outlet Holding Corp (NASDAQ: GO). On February 28, 2024, Craig Hallum Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock keeping its target price maintained at $36, while ‘Telsey Advisory Group’ rates the stock as ‘Outperform’
In other news, Herman Thomas F, Director sold 1,000 shares of the company’s stock on Mar 27 ’24. The stock was sold for $29,000 at an average price of $29.00. Upon completion of the transaction, the Director now directly owns 10,400 shares in the company, valued at $0.22 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 22 ’24, Director Ragatz Erik D. bought 36,500 shares of the business’s stock. A total of $1,031,016 was incurred on buying the stock at an average price of $28.25. This leaves the insider owning 36,500 shares of the company worth $0.76 million. A total of 4.03% of the company’s stock is owned by insiders.
During the past 12 months, Grocery Outlet Holding Corp has had a low of $19.73 and a high of $36.54. As of last week, the company has a debt-to-equity ratio of 1.14, a current ratio of 1.25, and a quick ratio of 0.30.
The net profit margin was 1.60% and return on equity was 5.50% for GO. The company reported revenue of $1.04 billion for the quarter, compared to $965.47 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 7.4 percent.
Grocery Outlet Holding Corp(GO) 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. The company was founded in 1946 and is headquartered in Emeryville, California.
