Grocery Outlet (NASDAQ:GO) Insider Paul Blaine Miller Purchases 5,000 Shares of Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) insider Paul Blaine Miller purchased 5,000 shares of the stock in a transaction on Thursday, June 25th. The stock was acquired at an average cost of $9.50 per share, for a total transaction of $47,500.00. Following the completion of the acquisition, the insider owned 64,171 shares of the company’s stock, valued at $609,624.50. The trade was a 8.45% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Paul Blaine Miller also recently made the following trade(s):

• On Thursday, June 18th, Paul Blaine Miller purchased 10,000 shares of Grocery Outlet stock. The shares were bought at an average cost of $9.37 per share, for a total transaction of $93,700.00.

Grocery Outlet Stock Performance

NASDAQ GO opened at $9.72 on Tuesday. The firm has a market capitalization of $961.53 million, a P/E ratio of -2.51, a PEG ratio of 15.35 and a beta of 0.67. The stock has a 50-day simple moving average of $8.47 and a two-hundred day simple moving average of $8.69. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.27 and a current ratio of 1.28. Grocery Outlet Holding Corp. has a fifty-two week low of $5.66 and a fifty-two week high of $19.41.

Grocery Outlet (NASDAQ:GO) last issued its earnings results on Wednesday, May 13th. The company reported $0.05 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Grocery Outlet had a positive return on equity of 5.69% and a negative net margin of 8.08%.The company’s revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.13 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, equities analysts forecast that Grocery Outlet Holding Corp. will post 0.38 earnings per share for the current year.

Institutional Investors Weigh In On Grocery Outlet

Large investors have recently bought and sold shares of the company. Boothbay Fund Management LLC boosted its stake in shares of Grocery Outlet by 562.1% in the third quarter. Boothbay Fund Management LLC now owns 284,979 shares of the company’s stock worth $4,574,000 after acquiring an additional 241,936 shares during the last quarter. UBS Group AG raised its stake in Grocery Outlet by 87.6% in the 4th quarter. UBS Group AG now owns 2,726,299 shares of the company’s stock valued at $27,536,000 after purchasing an additional 1,272,859 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Grocery Outlet by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock valued at $113,685,000 after purchasing an additional 213,325 shares in the last quarter. CenterBook Partners LP lifted its holdings in Grocery Outlet by 262.2% in the 4th quarter. CenterBook Partners LP now owns 645,159 shares of the company’s stock valued at $6,516,000 after purchasing an additional 467,019 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its stake in Grocery Outlet by 6.6% during the 4th quarter. Clearbridge Investments LLC now owns 2,816,721 shares of the company’s stock worth $28,449,000 after purchasing an additional 173,308 shares during the last quarter. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GO shares. Telsey Advisory Group cut shares of Grocery Outlet from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $15.00 to $9.00 in a research note on Thursday, March 5th. Morgan Stanley decreased their target price on shares of Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, March 5th. Wells Fargo & Company increased their price target on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock an “equal weight” rating in a report on Thursday, May 14th. DA Davidson raised their price target on shares of Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a research report on Thursday, May 14th. Finally, Craig Hallum cut shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Eleven analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, Grocery Outlet has an average rating of “Reduce” and a consensus target price of $10.32.

About Grocery Outlet

Grocery Outlet Holding Corp. (NASDAQ: GO) is a specialty discount retailer that offers consumers deeply discounted groceries by purchasing excess inventory, closeouts, and overstocks from manufacturers and distributors. Headquartered in Emeryville, California, the company operates two primary banners—Grocery Outlet and Fresh2Go—with a combined footprint of more than 400 stores. Its product assortment spans fresh produce, meat, dairy, bakery items, household staples, natural and organic offerings, and select specialty products, all sold at significant markdowns compared to conventional supermarkets.

The company’s unique buying model enables it to source inventory through opportunistic purchases of surplus freight, discontinued items, and closeout deals, which it then passes on as savings to its customers.