Grocery Outlet (NYSE:GO) Now Covered by Jefferies Financial Group

Jefferies Financial Group initiated coverage on shares of Grocery Outlet (NYSE:GO) in a report released on Monday morning, BenzingaRatingsTable reports. The brokerage issued a buy rating and a $41.00 price target on the stock. Jefferies Financial Group also issued estimates for Grocery Outlet’s Q2 2019 earnings at $0.14 EPS, Q3 2019 earnings at $0.17 EPS, Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.58 EPS, FY2020 earnings at $0.75 EPS and FY2021 earnings at $0.83 EPS.

GO has been the subject of several other research reports. Telsey Advisory Group started coverage on shares of Grocery Outlet in a report on Monday. They set an outperform rating and a $40.00 target price for the company. Cowen reissued a buy rating on shares of Avrobio in a 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 report on Monday. Goldman Sachs Group reissued a buy rating and issued 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $36.75.

Shares of GO opened at $35.87 on Monday. Grocery Outlet has a one year low of $27.75 and a one year high of $36.60.



In other news, Director Jeffrey York bought 25,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was bought at an average cost of $22.00 per share, for a total transaction of $550,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Steven K. Wilson bought 20,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was purchased at an average price of $22.00 per share, with a total value of $440,000.00. The disclosure for this purchase can be found here. Insiders acquired a total of 58,530 shares of company stock valued at $1,287,660 in the last three months.

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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