Grocery Outlet Holding Corp (NASDAQ:GO), a company known for its chain of discount supermarkets that offer discounted, overstocked, and closeout products from name brand and private label suppliers, has reported an insider sell according to a recent SEC filing. Pamela Burke, the company's Executive Vice President and Chief Stores Officer, sold 4,419 shares of the company on March 4, 2024.
Pamela Burke has been active in the market over the past year, having sold a total of 10,216 shares and made no purchase transactions. The recent sale by the insider was executed at a stock price of $26.33, resulting in a market capitalization for Grocery Outlet Holding Corp of $2.603 billion.
The insider transaction history at Grocery Outlet Holding Corp shows a pattern of more insider sells than buys over the past year, with a total of 28 insider sells and only 3 insider buys recorded.
In terms of valuation, Grocery Outlet Holding Corp's shares are trading at a price-earnings ratio of 33.22. This figure is above the industry median of 16.79 but below the company's historical median price-earnings ratio. The current price of $26.33, when compared to the GuruFocus Value of $35.52, indicates that the stock is modestly undervalued with a price-to-GF-Value ratio of 0.74.
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.
The insider's recent sell transaction may provide investors with an insight into the insider's perspective on the stock's current valuation and future prospects. However, it is important for investors to consider a wide range of factors, including market conditions, company performance, and individual financial goals before making investment decisions.
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.
