Insider Sell: EVP, Chief Purchasing Officer Steven Wilson Sells 62,017 Shares of Grocery Outlet ...
Steven Wilson, Executive Vice President, Chief Purchasing Officer of Grocery Outlet Holding Corp (NASDAQ:GO), executed a sale of 62,017 shares in the company on March 20, 2024, according to a recent SEC Filing. The transaction was made public through an SEC filing, which disclosed the sale of the shares.
Grocery Outlet Holding Corp, operating under the ticker symbol GO, is a rapidly expanding chain of discount supermarkets that offers customers a range of grocery items at significant discounts through a unique sourcing model. The company provides name-brand consumables and fresh products sold through a network of independently operated stores.
Over the past year, the insider has sold a total of 73,762 shares and has not made any purchases of the company's stock. The recent sale by Steven Wilson represents a continuation of this selling trend.
The insider transaction history for Grocery Outlet Holding Corp shows a pattern of insider activity. In the past year, there has been only 1 insider buy, contrasted with 37 insider sells, indicating a trend of insiders divesting from the company.
On the date of the insider's recent transaction, shares of Grocery Outlet Holding Corp were trading at $27.9 each, giving the company a market capitalization of $2.826 billion.
The stock's price-earnings ratio stands at 36.06, which is above the industry median of 16.12 but below the company's historical median price-earnings ratio.
With the current share price and a GuruFocus Value of $35.63, Grocery Outlet Holding Corp has a price-to-GF-Value ratio of 0.78, suggesting that the stock is Modestly Undervalued according to the GF Value metric.
The GF Value is calculated considering historical trading multiples, a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates provided by 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.
