Insider Buying: Grocery Outlet (NASDAQ:GO) Insider Purchases $47,500.00 in Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) insider Paul Blaine Miller acquired 5,000 shares of the stock in a transaction on Thursday, June 25th. The shares were acquired at an average cost of $9.50 per share, for a total transaction of $47,500.00. Following the completion of the transaction, the insider directly owned 64,171 shares in the company, valued at $609,624.50. The trade was a 8.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

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

Grocery Outlet Price Performance

Shares of GO opened at $9.98 on Thursday. 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. The firm has a 50-day simple moving average of $8.56 and a 200-day simple moving average of $8.67. The company has a market capitalization of $987.22 million, a price-to-earnings ratio of -2.57, a price-to-earnings-growth ratio of 15.44 and a beta of 0.64.

Grocery Outlet (NASDAQ:GO) last issued its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate 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 firm had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.15 billion. During the same quarter in the previous year, the firm posted $0.13 EPS. The firm’s revenue for the quarter 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 research analysts anticipate that Grocery Outlet Holding Corp. will post 0.38 earnings per share for the current year.

Analyst Upgrades and Downgrades

GO has been the topic of a number of recent analyst reports. DA Davidson boosted their price target on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Morgan Stanley reduced their price objective 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. Craig Hallum cut Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Weiss Ratings downgraded Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company lifted their price target on Grocery Outlet from $7.00 to $9.00 and gave the company an “equal weight” rating in a research note on Thursday, May 14th. Eleven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Grocery Outlet currently has a consensus rating of “Reduce” and an average target price of $10.32.

Hedge Funds Weigh In On Grocery Outlet

Several hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada lifted its holdings in shares of Grocery Outlet by 5.8% in the first quarter. Royal Bank of Canada now owns 122,565 shares of the company’s stock valued at $1,713,000 after purchasing an additional 6,736 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Grocery Outlet by 14.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 357,856 shares of the company’s stock worth $5,003,000 after purchasing an additional 44,214 shares during the last quarter. Creative Planning lifted its stake in Grocery Outlet by 25.4% in the 2nd quarter. Creative Planning now owns 16,104 shares of the company’s stock valued at $200,000 after buying an additional 3,263 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Grocery Outlet by 13.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 220,432 shares of the company’s stock valued at $2,738,000 after buying an additional 26,725 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in Grocery Outlet during the 2nd quarter valued at $149,000. 99.87% of the stock is currently owned by hedge funds and other institutional investors.

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.