Insider Trading : Fri 6/2/23

Notable purchases -- Execs add to ZD; notable sales -- President/CEO active in LSTR

Buyers:

• BIG President & CEO bought 51,000 shares at $4.853 worth ~$248K.
• BOH Director bought 6,500 shares at $39.76 - $40.97 worth ~$259K.
• CLDT Director bought 8,800 shares at $18.95 worth ~$167K.
• DHC Director bought 3154,641 shares at $1.16 - $1.50 worth ~$4.3 mln.
• EIG President & CEO bought 6,880 shares at $36.46 worth ~$251K.
• EVBG Director bought 20,000 shares at $23.1521 - $23.3251 worth ~$465K.
• GO Director bought 70,000 shares at $27.99 - $29.00 worth ~$2.0 mln.
• HBAN Director bought 23,680 shares at $10.56 - $10.57 worth ~$250K.
• SLNO 10% owner Perceptive Advisors bought 35,000 shares at $5.00 - $5.80 worth ~$188K.
• TCBI Director bought 5,000 shares at $46.60 - $48.90 worth ~$238K.
• ZD Chief Executive Officer, Chief Financial Officer, and EVP/General Counsel bought 13000 shares at $58.45 - $59.14 worth ~$765K.

Sellers:

• AN 10% owner Eddie Lampert sold 55,914 shares at ~$140.756 worth ~$7.9 mln.
• DXPE Chief Marketing & Technology Officer and Sr. Vice President sold a total of 19,000 shares at ~$32.37 worth ~$615K.
• LSTR President & CEO sold 22,500 shares at $175.10 - $176.84 worth ~$4.0 mln.
• MCD EVP - Global CMO sold 2,000 shares at $285.03 - $285.10 worth ~$570K.

Grocery Outlet (GO) reported earnings on Tue 13 Aug 2019 (a/h)

Grocery Outlet Earnings

Estimates: Analysts forecast Grocery Outlet earnings of 13 cents a share on revenue of $627 million, according to Zacks Investment Research. The deep-discount retailer's earnings report is the first since its June stock market debut.

Results: EPS of 20 cents on revenue of $645.3 million, as same-store sales increased 5.8%.

Outlook: Management sees full-year EPS of 68-71 cents, well above consensus for 59 cents, on revenue of $2.50 billion-$2.53 billion, in line with consensus for $2.51 billion. Same-store sales are seen growing 3%-4%.

"Our comparable store sales growth was broad-based across product categories, regions, and store vintages," said CEO Eric Lindberg. "We attribute the consistency of our performance to our unique business model that provides customers unbeatable value in a fun, treasure hunt experience along with great customer service through our local independent operators."

Grocery Outlet stock soared on its June 20 IPO, pricing at $22 a share and closing at 28.51. It quickly formed and cleared an initial IPO base with a 35.73 buy point, reaching 39.56 within two weeks.

Earnings this week : Aug 12 - 16, 19 (wk 33)

Notable earnings reports:

• Barrick Gold (NYSE:GOLD), Sysco (NYSE:SYY), on August 12;
• JD.com (NASDAQ:JD), Tilray (NASDAQ:TLRY),  Grocery Outlet (GO), Huya (HUYA) and Brinker International on August 13; 
•  Myriad Genetics (MYGN), Sundial Growers (SNDL), Canada Goose (GOOS), Cisco Systems (NASDAQ:CSCO), Macy's (NYSE:M), Agilent Technologies (NYSE:A), Luckin Coffee (NASDAQ:LK), Canopy Growth (CGC)
   and Tencent (OTCPK:TCEHY) on August 14; 
• Tapestry (TPR), Nvidia (NASDAQ:NVDA), Alibaba (BABA) and Wal-Mart (WMT), Briggs & Stratton (BGG), Canadian Solar (CSIQ), PagSeguro Digital (PAGS),  Applied Materials (NASDAQ:AMAT), Nio (NYSE:NIO) and Madison Square Garden (NYSE:MSG) on August 15; 
• Deere (NYSE:DE) on August 16.