Insider Buying: Grocery Outlet (NASDAQ:GO) Insider Purchases 5,000 Shares

Grocery Outlet Holding Corp. (NASDAQ:GO) insider Paul Blaine Miller acquired 5,000 shares of Grocery Outlet stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average cost of $9.50 per share, with a total value of $47,500.00. Following the transaction, the insider owned 64,171 shares in the company, valued at $609,624.50. This represents a 8.45% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.

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 price of $9.37 per share, with a total value of $93,700.00.

Grocery Outlet Stock Down 2.0%

Shares of GO traded down $0.20 during trading hours on Monday, hitting $9.72. The company had a trading volume of 2,270,717 shares, compared to its average volume of 3,367,051. The firm has a fifty day moving average price of $8.42 and a 200-day moving average price of $8.70. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.27 and a current ratio of 1.28. The stock has a market capitalization of $961.50 million, a price-to-earnings ratio of -2.51, a P/E/G ratio of 15.35 and a beta of 0.67. Grocery Outlet Holding Corp. has a 52-week low of $5.66 and a 52-week high of $19.41.

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. DA Davidson boosted their price objective on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a report on Thursday, May 14th. Telsey Advisory Group lowered Grocery Outlet from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $15.00 to $9.00 in a report on Thursday, March 5th. Weiss Ratings cut Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Morgan Stanley lowered their price target on Grocery Outlet from $11.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, March 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and set a $7.00 price objective (down from $18.00) on shares of Grocery Outlet in a research report on Thursday, March 5th. Eleven research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $10.32.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Militia Capital Management LLC purchased a new stake in Grocery Outlet in the first quarter worth approximately $590,000. Bank of America Corp DE raised its stake in Grocery Outlet by 31.3% during the 1st quarter. Bank of America Corp DE now owns 1,083,541 shares of the company’s stock valued at $7,639,000 after buying an additional 258,292 shares during the last quarter. Amundi raised its stake in Grocery Outlet by 19.9% during the 1st quarter. Amundi now owns 15,371 shares of the company’s stock valued at $108,000 after buying an additional 2,556 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of Grocery Outlet by 74.6% during the 1st quarter. California State Teachers Retirement System now owns 157,688 shares of the company’s stock valued at $1,112,000 after buying an additional 67,379 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in shares of Grocery Outlet by 217.0% during the 1st quarter. Quantinno Capital Management LP now owns 429,869 shares of the company’s stock valued at $3,031,000 after buying an additional 294,280 shares during the period. Institutional investors own 99.87% of the company’s stock.

Grocery Outlet Company Profile

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.