The stock of Grocery Outlet Holding Corp (NASDAQ:GO) last traded at $11.83, up 7.64% from the previous session.
GO stock price is now -26.87% away from the 50-day moving average and -35.48% away from the 200-day moving average. The market capitalization of the company currently stands at $1.15B.
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With the price target maintained at $12, Deutsche Bank recently Downgraded its rating from Buy to Hold for Grocery Outlet Holding Corp (NASDAQ: GO). On November 06, 2024, TD Cowen Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $25 to quote $16, while ‘Telsey Advisory Group’ rates the stock as ‘Market Perform’
In other news, MILLER CHRISTOPHER M, Chief Financial Officer bought 10,000 shares of the company’s stock on Feb 27 ’25. The stock was bought for $116,800 at an average price of $11.68. Upon completion of the transaction, the Chief Financial Officer now directly owns 10,000 shares in the company, valued at $0.12 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 04 ’25, Director Lindberg Eric J. Jr. sold 29,536 shares of the business’s stock. A total of $498,568 was realized by selling the stock at an average price of $16.88. This leaves the insider owning 119,874 shares of the company worth $1.42 million. A total of 4.31% of the company’s stock is owned by insiders.
During the past 12 months, Grocery Outlet Holding Corp has had a low of $10.26 and a high of $29.19. As of last week, the company has a debt-to-equity ratio of 1.38, a current ratio of 1.44, and a quick ratio of 0.31.
The net profit margin was 0.90% and return on equity was 3.27% for GO. The company reported revenue of $1.1 billion for the quarter, compared to $989.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.91 percent.
