Grocery Outlet (NASDAQ:GO) Insider Purchases $93,700.00 in Stock

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

Grocery Outlet Stock Performance

GO opened at $9.80 on Thursday. The business’s 50-day simple moving average is $8.32 and its 200 day simple moving average is $8.72. Grocery Outlet Holding Corp. has a 52-week low of $5.66 and a 52-week high of $19.41. 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 firm has a market capitalization of $969.42 million, a PE ratio of -2.53, a PEG ratio of 14.65 and a beta of 0.67.

Grocery Outlet (NASDAQ:GO) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share for the quarter, beating 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 firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.15 billion. During the same period last year, the company earned $0.13 earnings per share. The business’s revenue was up 3.6% compared to the same quarter last year. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. As a group, sell-side analysts expect that Grocery Outlet Holding Corp. will post 0.38 earnings per share for the current fiscal year.

Institutional Trading of Grocery Outlet

Large investors have recently made changes to their positions in the company. Militia Capital Management LLC bought a new position in shares of Grocery Outlet during the 1st quarter worth approximately $590,000. Bank of America Corp DE grew its holdings in shares of Grocery Outlet by 31.3% in the first quarter. Bank of America Corp DE now owns 1,083,541 shares of the company’s stock valued at $7,639,000 after acquiring an additional 258,292 shares in the last quarter. Amundi increased its position in shares of Grocery Outlet by 19.9% during the first quarter. Amundi now owns 15,371 shares of the company’s stock valued at $108,000 after acquiring an additional 2,556 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Grocery Outlet by 74.6% during the first quarter. California State Teachers Retirement System now owns 157,688 shares of the company’s stock valued at $1,112,000 after acquiring an additional 67,379 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its holdings in Grocery Outlet by 217.0% during the first quarter. Quantinno Capital Management LP now owns 429,869 shares of the company’s stock worth $3,031,000 after acquiring an additional 294,280 shares during the period. 99.87% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on GO shares. Telsey Advisory Group cut Grocery Outlet from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $15.00 to $9.00 in a report on Thursday, March 5th. TD Cowen raised their price target on Grocery Outlet from $6.00 to $8.00 and gave the stock a “hold” rating in a research report on Thursday, May 14th. DA Davidson boosted their price target on Grocery Outlet from $7.00 to $9.00 and gave the company a “neutral” rating in a research note on Thursday, May 14th. Morgan Stanley cut 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. Finally, Weiss Ratings downgraded shares of Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research note on Tuesday. Eleven investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock 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.