Grocery Outlet Holding Corp. (NASDAQ:GO - Get Free Report) insider Paul Blaine Miller acquired 5,000 shares of the company's stock in a transaction that occurred on Thursday, June 25th. The shares were acquired at an average cost of $9.50 per share, with a total value of $47,500.00. Following the purchase, the insider owned 64,171 shares in the company, valued at $609,624.50. This represents a 8.45% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Paul Blaine Miller also recently made the following trade(s):
- On Thursday, June 18th, Paul Blaine Miller acquired 10,000 shares of Grocery Outlet stock. The stock was acquired at an average price of $9.37 per share, with a total value of $93,700.00.
Grocery Outlet Trading Down 2.0%
GO opened at $9.72 on Tuesday. The firm has a market capitalization of $961.53 million, a price-to-earnings ratio of -2.51, a price-to-earnings-growth ratio of 15.35 and a beta of 0.67. The company's 50 day simple moving average is $8.47 and its two-hundred day simple moving average is $8.69. Grocery Outlet Holding Corp. has a 1-year low of $5.66 and a 1-year high of $19.41. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.28 and a quick ratio of 0.27.
Grocery Outlet (NASDAQ:GO - Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $0.05 earnings per share (EPS) 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 business had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.15 billion. During the same period in the prior year, the business 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. Analysts expect that Grocery Outlet Holding Corp. will post 0.38 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
GO has been the subject of a number of recent research reports. Weiss Ratings downgraded Grocery Outlet from a "sell (d)" rating to a "sell (d-)" rating in a research note on Tuesday, June 23rd. Morgan Stanley dropped 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 report on Thursday, March 5th. Telsey Advisory Group cut shares of Grocery Outlet from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $15.00 to $9.00 in a research report on Thursday, March 5th. DA Davidson lifted their target price on shares of Grocery Outlet from $7.00 to $9.00 and gave the stock a "neutral" rating in a research note on Thursday, May 14th. Finally, Wells Fargo & Company boosted their target price on shares of Grocery Outlet from $7.00 to $9.00 and gave the company an "equal weight" rating in a report on Thursday, May 14th. Eleven equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, Grocery Outlet presently has a consensus rating of "Reduce" and an average target price of $10.32.
Read Our Latest Stock Analysis on GO
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Aster Capital Management DIFC Ltd grew its holdings in shares of Grocery Outlet by 1,030.4% in the fourth 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 in the last quarter. Kestra Advisory Services LLC purchased a new stake in Grocery Outlet during the 4th quarter worth approximately $35,000. Chicago Partners Investment Group LLC acquired a new stake in Grocery Outlet during the 1st quarter worth approximately $71,000. PNC Financial Services Group Inc. boosted its position 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 valued at $77,000 after buying an additional 1,846 shares during the period. Finally, State of Wyoming boosted its position in Grocery Outlet by 96.9% in the 4th quarter. State of Wyoming now owns 7,886 shares of the company's stock valued at $80,000 after buying an additional 3,880 shares during the period. Hedge funds and other institutional investors own 99.87% of the company's stock.
About Grocery Outlet
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Get Free Report)
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.
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