Grocery Outlet Holding Corp. (GO): Consumer Defensive sector is losing shares

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Grocery Outlet Holding Corp. (NASDAQ:GO) changes shares on Thursday trading session, with a change of -1.94% or -$0.69 shares. The trading starts at $35.34 and closed at $35.50 throughout the day. The trading session low price was $34.47 and day high was $35.34 on Thursday, June 18. After the session, the Consumer Defensive sector daily volume shifted to 0.99 million while its average volume is 1.38M. In other hand, the GO market cap reached to $3.21B.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 4.98% and down -9.28% for month. Its quarterly performance was 14.13% above, while its half year performance is up 11.53%. GO performance rise 7.27% for year-to-date. Current recommendation for Grocery Outlet Holding Corp. is 2.30.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. GO EPS (TTM) for 12-month is 0.25. EPS for this year is 1.70%, while for the next year its value is 1.00. Sales growth for the current quarter is 11.76 while its EPS Q/Q reached 202.60%. It has an EPS of next five years will be up 11.65%.

H&F Corporate Investors VII, Ltd., Jackson Square Partners, LLC and Kayne Anderson Rudnick Investment Management LLC are the top three holders in Grocery Outlet Holding Corp. (GO) stock. On Mar 30, 2020, H&F Corporate Investors VII, Ltd. has 26.54 million shares which valued 911.5 million. On Mar 30, 2020, Jackson Square Partners, LLC owned 5.64 million shares which valued at 193.64 million. On Mar 30, 2020, Kayne Anderson Rudnick Investment Management LLC has a total of 5.07 million shares which valued at 174.26 million. In the end, Kayne Anderson Rudnick Investment Management LLC have 5.58% shares outstanding of Grocery Outlet Holding Corp. (GO) on Mar 30, 2020. The insider ownership moved to 0.80% and institutional holding shifted to 65.70%.

The company posted an EPS (TTM) of 0.25. According to the most recent quarter report on (Jun 2020), 11 analysts estimated an average EPS of 0.21, while 0.2 EPS posted a year ago period. Analyst Estimated EPS for GO published in the report was 0.18-0.23 during the same period. Comparing with last year, the average estimated EPS was 0.2 which is lower than 0.36 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for GO rise 3.37% for period of 200 days. SMA for 50 days was -1.76% which is showing red signal, while SMA-20 was -1.72%. The moving average value for Grocery Outlet Holding Corp. (GO) is 33.62 and 35.69 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in GO stock. On Jun 15, Herman Thomas F, Director, sold 2,000 trading shares at the cost of $32.69, which valued at 65380.0. On May 26, Burke Pamela B., CAO, GC & Secretary, sold 35,075 shares at the cost of $37.31, with total shares of 9,050. On May 20, Wilson Steven K., SVP, Purchasing, sold 15,727 shares at the cost of 38.32. After this transaction, Wilson Steven K. total shares reached to 134,186 which valued at 0.6 million.