Insider Buying: Grocery Outlet (NASDAQ:GO) Director Purchases 100,000 Shares of Stock

Grocery Outlet Holding Corp. (NASDAQ:GO) Director Erik Ragatz purchased 100,000 shares of the stock in a transaction on Monday, March 16th. The shares were purchased at an average price of $6.09 per share, with a total value of $609,000.00. Following the acquisition, the director owned 426,500 shares in the company, valued at approximately $2,597,385. The trade was a 30.63% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Grocery Outlet Trading Down 3.0%

Shares of NASDAQ:GO traded down $0.18 during trading on Tuesday, reaching $5.87. The stock had a trading volume of 4,202,029 shares, compared to its average volume of 3,305,463. 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 0.49, a quick ratio of 0.32 and a current ratio of 1.37. The firm’s fifty day moving average is $9.18 and its 200 day moving average is $12.02. The stock has a market cap of $576.14 million, a price-to-earnings ratio of -2.56, a P/E/G ratio of 1.84 and a beta of 0.50.

Grocery Outlet (NASDAQ:GO) last announced its earnings results on Wednesday, March 4th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.02). The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.23 billion. Grocery Outlet had a positive return on equity of 5.93% and a negative net margin of 4.80%.Grocery Outlet’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.15 EPS. Grocery Outlet has set its FY 2026 guidance at 0.450-0.550 EPS. As a group, equities analysts forecast that Grocery Outlet Holding Corp. will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on GO. The Goldman Sachs Group cut their target price on Grocery Outlet from $12.00 to $9.00 and set a “sell” rating on the stock in a research report on Thursday, February 19th. UBS Group reissued a “neutral” rating and issued a $11.50 price target on shares of Grocery Outlet in a research note on Thursday, December 18th. Telsey Advisory Group cut Grocery Outlet from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $15.00 to $9.00 in a report on Thursday, March 5th. DA Davidson set a $8.00 price objective on shares of Grocery Outlet in a research report on Thursday, March 5th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Grocery Outlet in a research note on Thursday, January 22nd. Eleven analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $10.68.

Institutional Investors Weigh In On Grocery Outlet

Several hedge funds and other institutional investors have recently made changes to their positions in GO. Bayforest Capital Ltd acquired a new stake in shares of Grocery Outlet in the 3rd quarter worth about $29,000. Hantz Financial Services Inc. boosted its stake in Grocery Outlet by 591.5% during the 3rd quarter. Hantz Financial Services Inc. now owns 2,033 shares of the company’s stock valued at $33,000 after purchasing an additional 1,739 shares during the last quarter. Aster Capital Management DIFC Ltd boosted its stake in Grocery Outlet by 1,030.4% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 2,532 shares of the company’s stock valued at $26,000 after purchasing an additional 2,308 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Grocery Outlet by 32.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,942 shares of the company’s stock worth $37,000 after purchasing an additional 719 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Grocery Outlet in the fourth quarter worth approximately $35,000. 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.