Paul Blaine Miller Buys 5,000 Shares of Grocery Outlet (NASDAQ:GO) Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) insider Paul Blaine Miller acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 25th. The shares were bought at an average price of $9.50 per share, with a total value of $47,500.00. Following the acquisition, the insider directly owned 64,171 shares of the company’s stock, valued at $609,624.50. The trade was a 8.45% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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 bought at an average price of $9.37 per share, for a total transaction of $93,700.00.

Grocery Outlet Stock Up 2.7%

Grocery Outlet stock opened at $9.98 on Wednesday. The firm has a 50 day moving average price of $8.52 and a 200-day moving average price of $8.68. 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 company has a market capitalization of $987.22 million, a P/E ratio of -2.57, a P/E/G ratio of 15.04 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 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.03. Grocery Outlet had a negative net margin of 8.08% and a positive return on equity of 5.69%. The company 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. Grocery Outlet’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. As a group, equities analysts predict that Grocery Outlet Holding Corp. will post 0.38 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on GO shares. DA Davidson increased their price target on Grocery Outlet from $7.00 to $9.00 and gave the stock a “neutral” rating in a research note on Thursday, May 14th. Wells Fargo & Company boosted their price objective 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. TD Cowen upped their price objective on shares of Grocery Outlet from $6.00 to $8.00 and gave the company a “hold” rating in a report on Thursday, May 14th. Weiss Ratings lowered shares of Grocery Outlet from a “sell (d)” rating to a “sell (d-)” rating in a research report on Tuesday, June 23rd. Finally, Craig Hallum downgraded shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 5th. Eleven investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus price target of $10.32.

Hedge Funds Weigh In On Grocery Outlet

Large investors have recently made changes to their positions in the stock. Thrivent Financial for Lutherans raised its stake in shares of Grocery Outlet by 1.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 72,087 shares of the company’s stock valued at $895,000 after purchasing an additional 739 shares during the period. Natixis Advisors LLC boosted its stake in Grocery Outlet by 5.5% in the 3rd quarter. Natixis Advisors LLC now owns 30,320 shares of the company’s stock worth $487,000 after purchasing an additional 1,591 shares during the period. PNC Financial Services Group Inc. boosted its stake in Grocery Outlet by 62.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 4,788 shares of the company’s stock worth $77,000 after purchasing an additional 1,846 shares during the period. Rafferty Asset Management LLC grew its holdings in Grocery Outlet by 7.4% during the 2nd quarter. Rafferty Asset Management LLC now owns 27,017 shares of the company’s stock valued at $336,000 after buying an additional 1,852 shares in the last quarter. Finally, Red Spruce Capital LLC grew its holdings in Grocery Outlet by 1.5% during the 4th quarter. Red Spruce Capital LLC now owns 128,763 shares of the company’s stock valued at $1,301,000 after buying an additional 1,933 shares in the last quarter. 99.87% of the stock is owned by 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.