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

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

A number of other research analysts also recently issued reports on GO. Telsey Advisory Group initiated coverage on shares of Grocery Outlet in a research report on Monday. They set an outperform rating and a $40.00 price objective on the stock. Jefferies Financial Group set a $189.00 price objective on shares of salesforce.com and gave the company a buy rating in a research report on Monday. Bank of America set a $68.00 price objective on shares of Inphi and gave the company a buy rating in a research report on Monday. Barclays set a $330.00 price objective on shares of Thermo Fisher Scientific and gave the company a buy rating in a research report on Monday. Finally, Goldman Sachs Group reissued a buy rating and set a $70.00 price objective on shares of Total in a research report on Monday. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of $36.75.

Shares of Grocery Outlet stock opened at $35.87 on Monday. Grocery Outlet has a 12-month low of $27.75 and a 12-month high of $36.60.

In other Grocery Outlet news, CFO Charles Bracher bought 2,610 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were purchased at an average price of $22.00 per share, for a total transaction of $57,420.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, President Robert Joseph Jr. Sheedy bought 10,000 shares of the company’s stock in a transaction dated Monday, June 24th. The shares were acquired at an average price of $22.00 per share, for a total transaction of $220,000.00. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 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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Analyst Recommendations for Grocery Outlet (NYSE:GO)

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