Emerald Advisers LLC bought a new position in shares of Grocery Outlet Holding Corp. (NYSE:GO) in the 2nd quarter, Holdings Channel.com reports. The firm bought 7,790 shares of the company’s stock, valued at approximately $256,000.

Separately, Janus Henderson Group PLC purchased a new stake in shares of Grocery Outlet during the second quarter worth about $486,000.

In related news, 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, for a total transaction of $440,000.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, President Robert Joseph Jr. Sheedy bought 10,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was bought at an average price of $22.00 per share, with a total value of $220,000.00. The disclosure for this purchase can be found here. In the last quarter, insiders bought 58,530 shares of company stock valued at $1,287,660.

NYSE GO opened at $41.65 on Thursday. The company’s 50 day moving average price is $35.95. Grocery Outlet Holding Corp. has a 1-year low of $27.75 and a 1-year high of $42.31.

Grocery Outlet (NYSE:GO) last announced its earnings results on Tuesday, August 13th. The company reported $0.20 EPS for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.07. The company had revenue of $645.30 million during the quarter, compared to analysts’ expectations of $626.60 million. The company’s revenue for the quarter was up 12.2% on a year-over-year basis.

Several equities analysts have weighed in on the company. Bank of America raised their price target on Grocery Outlet from $37.00 to $40.00 and gave the company a “neutral” rating in a report on Wednesday. Jefferies Financial Group raised their price target on Grocery Outlet from $41.00 to $50.00 and gave the company a “buy” rating in a report on Wednesday. Deutsche Bank raised their price target on Grocery Outlet from $40.00 to $43.00 and gave the company a “buy” rating in a report on Wednesday. Goldman Sachs Group assumed coverage on Grocery Outlet in a report on Monday, July 15th. They set a “neutral” rating and a $32.00 price target for the company. Finally, Guggenheim assumed coverage on Grocery Outlet in a report on Monday, July 15th. They set a “neutral” rating for the company. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $40.00.

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.

Further Reading: What is the 52-week high/low?

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Institutional Ownership by Quarter for Grocery Outlet (NYSE:GO)

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