Bank of America Begins Coverage on Grocery Outlet (NYSE:GO)

Bank of America began coverage on shares of Grocery Outlet (NYSE:GO) in a research report report published on Monday, BenzingaRatingsTable reports. The brokerage issued a neutral rating and a $37.00 price target on the stock.

GO has been the topic of several other reports. Goldman Sachs Group reissued a buy rating and issued a $70.00 target price on shares of Total in a research note on Monday. Telsey Advisory Group initiated coverage on Grocery Outlet in a research note on Monday. They issued an outperform rating and a $40.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $36.75.

NYSE GO opened at $35.45 on Monday. Grocery Outlet has a 1 year low of $27.75 and a 1 year high of $36.60.

In related news, CFO Charles Bracher acquired 2,610 shares of the stock in a transaction on Monday, June 24th. The stock was acquired at an average cost of $22.00 per share, for a total transaction of $57,420.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey York acquired 25,000 shares of the stock in a transaction on Monday, June 24th. The stock was bought at an average price of $22.00 per share, with a total value of $550,000.00. The disclosure for this purchase can be found here. Insiders acquired 58,530 shares of company stock valued at $1,287,660 over the last 90 days.

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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