Insider Buying: Grocery Outlet (NASDAQ:GO) Insider Buys 10,000 Shares of Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) insider Paul Blaine Miller purchased 10,000 shares of the firm’s stock in a transaction on Thursday, June 18th. The shares were acquired at an average price of $9.37 per share, with a total value of $93,700.00. Following the purchase, the insider directly owned 59,171 shares in the company, valued at $554,432.27. This represents a 20.34% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Grocery Outlet Stock Up 1.1%

NASDAQ GO traded up $0.10 during trading hours on Monday, hitting $9.36. The company’s stock had a trading volume of 2,493,171 shares, compared to its average volume of 3,393,570. Grocery Outlet Holding Corp. has a 52 week low of $5.66 and a 52 week high of $19.41. The company has a current ratio of 1.28, a quick ratio of 0.27 and a debt-to-equity ratio of 0.59. The company’s 50-day simple moving average is $8.17 and its two-hundred day simple moving average is $8.76. The company has a market capitalization of $925.89 million, a PE ratio of -2.41, a price-to-earnings-growth ratio of 14.33 and a beta of 0.67.

Grocery Outlet (NASDAQ:GO) last announced its 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 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 earned $0.13 earnings per share. Grocery Outlet’s quarterly 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. Research analysts anticipate that Grocery Outlet Holding Corp. will post 0.38 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Aster Capital Management DIFC Ltd increased its holdings in Grocery Outlet by 1,030.4% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock valued at $26,000 after acquiring an additional 2,308 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in Grocery Outlet in the fourth quarter worth $35,000. Chicago Partners Investment Group LLC purchased a new position in Grocery Outlet during the first quarter worth $71,000. PNC Financial Services Group Inc. boosted its stake in Grocery Outlet by 62.7% during the third quarter. PNC Financial Services Group Inc. now owns 4,788 shares of the company’s stock worth $77,000 after buying an additional 1,846 shares during the period. Finally, State of Wyoming increased its position in Grocery Outlet by 96.9% during the fourth quarter. State of Wyoming now owns 7,886 shares of the company’s stock valued at $80,000 after acquiring an additional 3,880 shares during the last quarter. 99.87% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

GO has been the topic of a number of research analyst reports. 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. Jefferies Financial Group reiterated a “hold” rating and set a $7.00 price objective (down from $18.00) on shares of Grocery Outlet in a research note on Thursday, March 5th. Craig Hallum downgraded shares of Grocery Outlet from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. TD Cowen lifted their price target on Grocery Outlet from $6.00 to $8.00 and gave the company a “hold” rating in a research report on Thursday, May 14th. Finally, Telsey Advisory Group lowered 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 report on Thursday, March 5th. Eleven 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, Grocery Outlet has an average rating of “Reduce” and a consensus 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.