Craig-Hallum analyst Jeremy Hamblin maintained a Buy rating on Grocery Outlet Holding (GO – Research Report) today. The company’s shares closed yesterday at $26.47.
Hamblin covers the Consumer Cyclical sector, focusing on stocks such as Citi Trends, Potbelly, and Ollie’s Bargain Outlet Holding. According to TipRanks, Hamblin has an average return of 7.5% and a 52.99% success rate on recommended stocks.
The word on The Street in general, suggests a Hold analyst consensus rating for Grocery Outlet Holding with a $30.71 average price target.
The company has a one-year high of $36.54 and a one-year low of $23.41. Currently, Grocery Outlet Holding has an average volume of 1.27M.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of GO in relation to earlier this year. Last month, Steven K. Wilson, the EVP, Chief Purchasing Officer of GO sold 62,017.00 shares for a total of $1,730,074.77.
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Grocery Outlet Holding (GO) Company Description:
Grocery Outlet Holding Corp. engages in the operation of retail stores. 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.
Read More on GO:
- Grocery Outlet Expands Reach with United Grocery Acquisition
- Grocery Outlet Holding Corp. Closes Acquisition of United Grocery Outlet
- Fly Insider: 2seventy bio, Coinbase among week’s notable insider trades
- Grocery Outlet names Lindsay Gray as interim CFO
- Grocery Outlet Appoints Interim CFO, Bracher Steps Down
