Insider Sell: EVP, Chief Stores Officer Pamela Burke Sells 5,764 Shares of Grocery Outlet ...
On March 8, 2024, Pamela Burke, the Executive Vice President and Chief Stores Officer of Grocery Outlet Holding Corp (NASDAQ:GO), sold 5,764 shares of the company. The transaction was reported in a recent SEC filing.
Grocery Outlet Holding Corp, operating under the ticker NAS:GO, is a company that offers a range of products, including groceries, fresh produce, refrigerated and frozen foods, and organic products. The company operates a network of independently operated stores across the United States, providing customers with discounted, overstocked, and closeout products from name brand and private label suppliers.
The insider's recent sale is part of a larger pattern observed over the past year, where Pamela Burke has sold a total of 15,980 shares and has not made any purchases of the company's stock. This trend is reflected in the broader insider transaction history for Grocery Outlet Holding Corp, which has seen 1 insider buy and 32 insider sells over the past year.
On the valuation front, shares of Grocery Outlet Holding Corp were trading at $25.83 on the day of the insider's sale, giving the company a market cap of $2.617 billion. The price-earnings ratio stands at 33.39, which is above the industry median of 16.805 but below the company's historical median price-earnings ratio.
The stock's price-to-GF-Value ratio is currently at 0.73, with a GF Value of $35.56, indicating that Grocery Outlet Holding Corp is considered modestly undervalued according to GuruFocus's valuation model.
The GF Value is determined by considering historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on the company's past returns and growth, and future business performance estimates from Morningstar analysts.
Investors and analysts often monitor insider transactions as they can provide insights into a company's internal perspective on the stock's valuation and future prospects. The recent sell by the insider at Grocery Outlet Holding Corp may attract attention from the market as stakeholders evaluate the significance of this transaction within the context of the company's current valuation and stock performance.
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.
