Charles Bracher, CFO of Grocery Outlet Holdings sold 25,000 shares

Grocery Outlet Holding Corp. (NYSE:GO) CFO Charles Bracher sold 25,000 shares of the stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $40.58, for a total value of $1,014,500.00. Following the completion of the sale, the chief financial officer now directly owns 78,769 shares of the company’s stock, valued at $3,196,446.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Charles Bracher also recently made the following trade(s):

On Tuesday, September 8th, Charles Bracher sold 18,750 shares of Grocery Outlet stock. The stock was sold at an average price of $39.93, for a total value of $748,687.50.

On Tuesday, September 1st, Charles Bracher sold 20,000 shares of Grocery Outlet stock. The stock was sold at an average price of $41.81, for a total value of $836,200.00.

On Monday, August 24th, Charles Bracher sold 18,750 shares of Grocery Outlet stock. The stock was sold at an average price of $41.39, for a total value of $776,062.50.

On Monday, August 10th, Charles Bracher sold 18,750 shares of Grocery Outlet stock. The stock was sold at an average price of $45.74, for a total value of $857,625.00.

On Wednesday, July 29th, Charles Bracher sold 18,750 shares of Grocery Outlet stock. The stock was sold at an average price of $43.00, for a total value of $806,250.00.

NYSE GO opened at $43.29 on Friday. The stock’s 50-day simple moving average is $39.88 and its two-hundred day simple moving average is $38.31. Grocery Outlet Holding Corp. has a twelve month low of $28.11 and a twelve month high of $46.00.

Grocery Outlet (NYSE:GO) last released its quarterly earnings results on Monday, August 10th. The company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.19. The firm had revenue of $803.43 million for the quarter, compared to analysts’ expectations of $780.56 million. During the same quarter in the previous year, the business earned $0.20 EPS. The company’s revenue for the quarter was up 24.5% on a year-over-year basis.

A number of equities analysts have recently commented on GO shares. DA Davidson started coverage on Grocery Outlet in a report on Friday, August 14th. They issued a “buy” rating and a $53.00 price target for the company. MKM Partners began coverage on Grocery Outlet in a research note on Wednesday, July 29th. They set a “buy” rating and a $50.00 price objective for the company. Nomura Instinet began coverage on Grocery Outlet in a research note on Tuesday, June 16th. They set a “buy” rating and a $40.00 price objective for the company. Telsey Advisory Group lifted their price objective on Grocery Outlet from $50.00 to $53.00 and gave the company an “outperform” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley lifted their price objective on Grocery Outlet from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 12th. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Grocery Outlet currently has an average rating of “Buy” and an average target price of $46.67.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CSat Investment Advisory L.P. purchased a new position in shares of Grocery Outlet in the second quarter worth about $25,000. BNP Paribas Arbitrage SA increased its holdings in shares of Grocery Outlet by 24.9% in the first quarter. BNP Paribas Arbitrage SA now owns 1,784 shares of the company’s stock worth $61,000 after buying an additional 356 shares during the period. Tower Research Capital LLC TRC purchased a new position in shares of Grocery Outlet in the first quarter worth about $68,000. Kore Private Wealth LLC purchased a new position in shares of Grocery Outlet in the second quarter worth about $68,000. Finally, Financial Management Professionals Inc. purchased a new position in shares of Grocery Outlet in the second quarter worth about $85,000.

Grocery Outlet Company Profile

Grocery Outlet Holding Corp. owns and operates a chain of grocery stores in the United States. The company offers products in various categories, such as grocery, dairy and deli, produce, refrigerated and frozen, floral, beer and wine, general merchandise, and health and beauty care, as well as fresh meat and seafood; and natural, organic, specialty, and healthy products.

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