Grocery Outlet (NYSE:GO) Receives New Coverage from Analysts at Guggenheim

Guggenheim started coverage on shares of Grocery Outlet (NYSE:GO) in a research note released on Monday morning, Briefing.com Automated Import reports. The brokerage issued a neutral rating on the stock.

GO has been the subject of several other research reports. Cowen reaffirmed a buy rating on shares of Avrobio in a research report on Monday. Telsey Advisory Group assumed coverage on shares of Grocery Outlet in a research report on Monday. They set an outperform rating and a $40.00 price target for the company. Bank of America set a $68.00 price target on shares of Inphi and gave the company a buy rating in a research report on Monday. Barclays set a $330.00 price target on shares of Thermo Fisher Scientific and gave the company a buy rating in a research report on Monday. Finally, Goldman Sachs Group reaffirmed a buy rating and set a $70.00 price target on shares of Total in a research report on Monday. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $36.75.

NYSE GO opened at $35.87 on Monday. Grocery Outlet has a 52 week low of $27.75 and a 52 week high of $36.60.

In other news, SVP Steven K. Wilson bought 20,000 shares of Grocery Outlet stock in a transaction that occurred on Monday, June 24th. The stock was bought at an average cost of $22.00 per share, with a total value of $440,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, President Robert Joseph Jr. Sheedy bought 10,000 shares of Grocery Outlet stock in a transaction that occurred on Monday, June 24th. The stock was purchased at an average cost of $22.00 per share, with a total value of $220,000.00. The disclosure for this purchase can be found here. Insiders purchased a total of 58,530 shares of company stock valued at $1,287,660 over the last three months.

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.

Read More: Diversification For Individual Investors

Analyst Recommendations for Grocery Outlet (NYSE:GO)

Receive News & Ratings for Grocery Outlet Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grocery Outlet and related companies with MarketBeat.com's FREE daily email newsletter.



Comments


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit