Grocery Outlet (NASDAQ:GO) Insider Paul Blaine Miller Buys 10,000 Shares

Grocery Outlet Holding Corp. (NASDAQ:GO) insider Paul Blaine Miller purchased 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 18th. The shares were purchased at an average cost of $9.37 per share, with a total value of $93,700.00. Following the completion of the acquisition, the insider owned 59,171 shares in the company, valued at $554,432.27. The trade was a 20.34% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Grocery Outlet Stock Up 1.1%

GO stock opened at $9.36 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.27. The stock has a market capitalization of $925.89 million, a price-to-earnings ratio of -2.41, a PEG ratio of 14.33 and a beta of 0.67. The business’s fifty day moving average price is $8.21 and its two-hundred day moving average price is $8.75. 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 posted its earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Grocery Outlet had a positive return on equity of 5.69% and a negative net margin of 8.08%.The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the firm earned $0.13 earnings per share. The company’s revenue was up 3.6% on a year-over-year basis. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. On average, equities analysts anticipate that Grocery Outlet Holding Corp. will post 0.38 earnings per share for the current year.

Institutional Trading of Grocery Outlet

Institutional investors and hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. increased its stake in Grocery Outlet by 54.0% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 15,763,945 shares of the company’s stock valued at $159,216,000 after acquiring an additional 5,528,722 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of 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. Mackenzie Financial Corp boosted its holdings in shares of Grocery Outlet by 0.5% in the 4th quarter. Mackenzie Financial Corp now owns 4,709,721 shares of the company’s stock valued at $47,757,000 after purchasing an additional 22,418 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Grocery Outlet by 5.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,619,851 shares of the company’s stock valued at $74,149,000 after purchasing an additional 221,693 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Grocery Outlet by 0.5% in the 3rd quarter. Marshall Wace LLP now owns 4,577,371 shares of the company’s stock valued at $73,467,000 after purchasing an additional 20,819 shares during the last quarter. Institutional investors own 99.87% of the company’s stock.

Analyst Upgrades and Downgrades

GO has been the subject of a number of recent research reports. Weiss Ratings raised shares of Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a report on Friday, June 5th. Wells Fargo & Company raised their target price 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. Morgan Stanley dropped their price target on shares of Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, March 5th. Telsey Advisory Group cut Grocery Outlet from an “outperform” rating to a “market perform” rating and cut their price target for the company from $15.00 to $9.00 in a research note on Thursday, March 5th. Finally, Craig Hallum downgraded Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Eleven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target 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.