Insider Sell: EVP, Chief Purchasing Officer Steven Wilson Sells 22,152 Shares of Grocery Outlet ...
Steven Wilson, Executive Vice President, Chief Purchasing Officer of Grocery Outlet Holding Corp (NASDAQ:GO), has sold 22,152 shares of the company on March 22, 2024, according to a recent SEC Filing. Over the past year, Steven Wilson has sold a total of 95,914 shares and has not made any purchases of the company's stock.
Grocery Outlet Holding Corp operates a chain of grocery stores in the United States. The company offers a range of products, including grocery, dairy, frozen foods, produce, meat and seafood, and natural and organic items, at discounted prices. It provides a unique shopping experience with a constantly changing assortment of products at significantly lower prices compared to traditional grocery retailers.
The insider transaction history for Grocery Outlet Holding Corp indicates a pattern of insider selling, with 38 insider sells recorded over the past year compared to only 1 insider buy.
On the date of the insider's recent sale, shares of Grocery Outlet Holding Corp were trading at $28.42, giving the company a market capitalization of $2.748 billion. The price-earnings ratio stood at 35.06, above the industry median of 16.47 but below the company's historical median price-earnings ratio.
The stock's price of $28.42 compared to the GuruFocus Value of $35.68 suggests that Grocery Outlet Holding Corp is modestly undervalued with a price-to-GF-Value ratio of 0.8. The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
