JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Grocery Outlet Holding Corp. (NASDAQ:GO), a discount grocery retailer with a market capitalization of $1.25 billion, saw its Senior Vice President of Accounting, Lindsay (NYSE:LNN) E. Gray, recently sell 1,856 shares of the company’s common stock. According to InvestingPro data, the stock has shown mixed performance, gaining nearly 14% in the past week despite being down over 50% year-over-year. The transaction, which took place on March 10, 2025, was executed at a price of $13.16 per share, amounting to a total sale value of $24,424.
This sale was conducted to satisfy Gray’s tax withholding obligations related to the vesting of performance stock units previously granted. Following the transaction, Gray retains direct ownership of 39,592 shares of Grocery Outlet stock.
In other recent news, Grocery Outlet Holding Corp reported its fourth-quarter 2024 earnings, revealing a slight miss on earnings per share (EPS), posting $0.15 against a forecasted $0.17. Despite this, the company exceeded revenue expectations, achieving $1.1 billion compared to the anticipated $1.09 billion. Analysts from Craig-Hallum, Telsey Advisory Group, and DA Davidson have all adjusted their price targets for Grocery Outlet, citing concerns over profitability and ongoing system challenges. Craig-Hallum lowered its price target to $13.50, while Telsey and DA Davidson set theirs at $16.00 and $15.00, respectively, maintaining a Hold or Neutral rating.
The company’s fourth-quarter results showed a robust 2.9% increase in comparable store sales, although profitability was impacted by higher-than-expected shrinkage and ongoing system conversion issues. Grocery Outlet’s management has announced a restructuring plan involving store closures and workforce reductions, which is expected to impact profitability in the short term. The company is also addressing systemic challenges, focusing on improving inventory management and opportunistic buying capabilities. Looking ahead, Grocery Outlet anticipates full-year 2025 comparable store sales growth between 2-3%, with total net sales projected to reach between $4.7 billion and $4.8 billion.
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