Jefferies Financial Group initiated coverage on shares of Grocery Outlet (NYSE:GO) in a research note released on Monday, BenzingaRatingsTable reports. The firm issued a buy rating and a $41.00 price target on the stock.
Several other research firms have also commented on GO. 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. Telsey Advisory Group started coverage on shares of Grocery Outlet in a research report on Monday. They set an outperform rating and a $40.00 price target on the stock. Cowen restated a buy rating on shares of Avrobio in a research report on Monday. Goldman Sachs Group reaffirmed a buy rating and set a $70.00 price objective on shares of Total in a report on Monday. Finally, Bank of America set a $68.00 price objective on shares of Inphi and gave the company a buy rating in a report on Monday. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $36.75.
GO stock opened at $35.45 on Monday. Grocery Outlet has a one year low of $27.75 and a one year high of $36.60.
In related news, SVP Steven K. Wilson acquired 20,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were acquired at an average cost of $22.00 per share, with a total value of $440,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey York acquired 25,000 shares of the firm’s stock in a transaction on Monday, June 24th. The shares were bought at an average cost of $22.00 per share, for a total transaction of $550,000.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 58,530 shares of company stock worth $1,287,660.
About Grocery Outlet
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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