NEW YORK, June 22, 2020 /PRNewswire/ -- Grocery Outlet Holding Corp. (NASD: GO) will replace Brinker International Inc. (NYSE: EAT) in the S&P MidCap 400 and Brinker International will replace Anixter International Inc. (NYSE: AXE) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, June 25. WESCO International Inc. (NYSE: WCC) is acquiring Anixter International in a deal completed today, June 22. Brinker International is more representative of the small-cap market space.
Grocery Outlet Holdings owns and operates a chain of grocery stores. Headquartered in Emeryville, CA the company will be added to the S&P MidCap 400 GICS (Global Industry Classification Standard) Food Retail Sub-Industry index.
Brinker International owns, develops, operates, and franchises casual dining restaurants. Headquartered in Dallas, TX the company will be added to the S&P SmallCap 600 GICS Restaurants Sub-Industry index.
Following is a summary of the change:
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S&P MIDCAP 400 INDEX – JUNE 25, 2020
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
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ADDED
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Grocery Outlet Holding
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Consumer Staples
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Food Retail
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DELETED
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Brinker International
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Consumer Discretionary
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Restaurants
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S&P SMALLCAP 600 INDEX – JUNE 25, 2020
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COMPANY
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GICS ECONOMIC SECTOR
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GICS SUB-INDUSTRY
|
|
ADDED
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Brinker International
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Consumer Discretionary
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Restaurants
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DELETED
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Anixter International
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Information Technology
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Technology Distributors
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