JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
John E. Bachman, a director at Grocery Outlet Holding Corp. (NASDAQ:GO), has acquired 14,000 shares of the company’s common stock, according to a recent SEC filing. The purchase, made on March 4, totaled approximately $159,040, with shares bought at a weighted average price of $11.36. This transaction increases Bachman’s direct ownership to 46,675 shares. The shares were acquired in multiple transactions at prices ranging from $11.35 to $11.38. According to InvestingPro analysis, the company, currently valued at $1.12 billion, is trading near its Fair Value. Investors can access 10+ additional exclusive ProTips and a comprehensive Pro Research Report for deeper insights into GO’s valuation and prospects.
In other recent news, Grocery Outlet Holding Corp reported its fourth-quarter 2024 earnings, revealing a slight miss on earnings per share (EPS) at $0.15, compared to the forecasted $0.17. However, the company exceeded revenue expectations, reaching $1.1 billion against a projected $1.09 billion. Despite strong sales, profitability concerns persist, primarily due to higher shrinkage and ongoing system integration issues. Analysts from Craig-Hallum, Telsey Advisory Group, and DA Davidson have all adjusted their price targets for Grocery Outlet, citing these challenges. Craig-Hallum reduced its target to $13.50, Telsey to $16.00, and DA Davidson to $15.00, with each firm maintaining a neutral or hold stance on the stock. Additionally, Grocery Outlet’s management has outlined a restructuring plan, which includes store closures and workforce reductions, expected to impact profitability in the short term. The company is also focusing on improving inventory management and addressing systemic challenges, which are anticipated to continue affecting profit margins into 2025.
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