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

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Bank of America started 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 objective on the stock.

Other equities research analysts also recently issued research reports about the stock. Goldman Sachs Group reissued a buy rating and set a $70.00 price objective on shares of Total in a research report on Monday. 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 for the company. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $36.75.

NYSE:GO opened at $35.45 on Monday. Grocery Outlet has a 12 month low of $27.75 and a 12 month high of $36.60.

In other news, SVP Steven K. Wilson bought 20,000 shares of the stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average price of $22.00 per share, for a total transaction of $440,000.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Charles Bracher bought 2,610 shares of the stock in a transaction that occurred on 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 disclosure for this purchase can be found here. In the last three months, insiders have bought 58,530 shares of company stock valued at $1,287,660.

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.

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Analyst Recommendations for Grocery Outlet (NYSE:GO)

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