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

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

Grocery Outlet Price Performance

Shares of Grocery Outlet stock opened at $9.47 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.59. Grocery Outlet Holding Corp. has a twelve month low of $5.66 and a twelve month high of $19.41. The business has a 50-day moving average price of $8.26 and a 200 day moving average price of $8.73. The firm has a market cap of $936.80 million, a PE ratio of -2.44, a P/E/G ratio of 14.48 and a beta of 0.67.

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, topping analysts’ consensus estimates 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 positive return on equity of 5.69% and a negative net margin of 8.08%.Grocery Outlet’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. Sell-side analysts predict that Grocery Outlet Holding Corp. will post 0.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on GO shares. Wells Fargo & Company boosted 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 lifted their target price 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. Telsey Advisory Group cut shares of Grocery Outlet from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $15.00 to $9.00 in a research note on Thursday, March 5th. Weiss Ratings upgraded shares of Grocery Outlet from a “sell (d-)” rating to a “sell (d)” rating in a research report on Friday, June 5th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $7.00 price target (down from $18.00) on shares of Grocery Outlet in a research note on Thursday, March 5th. Eleven investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, Grocery Outlet has an average rating of “Reduce” and an average target price of $10.32.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Boothbay Fund Management LLC lifted 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 buying an additional 241,936 shares in the last quarter. UBS Group AG raised its holdings 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 acquiring an additional 1,272,859 shares during the last quarter. Vanguard Group Inc. lifted its stake in Grocery Outlet by 1.9% in the 4th quarter. Vanguard Group Inc. now owns 11,255,936 shares of the company’s stock worth $113,685,000 after purchasing an additional 213,325 shares in the last quarter. Dana Investment Advisors Inc. purchased a new position in Grocery Outlet in the 3rd quarter worth approximately $5,925,000. Finally, CenterBook Partners LP boosted its holdings in shares of Grocery Outlet by 262.2% during the 4th quarter. CenterBook Partners LP now owns 645,159 shares of the company’s stock worth $6,516,000 after purchasing an additional 467,019 shares during the last quarter. Hedge funds and other 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.