Grocery Outlet Insider Buys: EVP Paul Blaine Miller Adds 10,000 Shares
EVP Paul Blaine Miller purchased 10,000 shares of Grocery Outlet, showing confidence in the company's future.
Key Points
- Paul Blaine Miller, EVP at Grocery Outlet, purchased 10,000 shares on June 18 at $9.37 each, totaling $93,700.
- Grocery Outlet has a market cap of approximately $925.9 million and a forward P/E ratio of 14.86.
- Analysts maintain a 'hold' rating for Grocery Outlet, with a consensus target price around $8.46.
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Paul Blaine Miller, the Executive Vice President and Chief Purchasing & Merchandising Officer at Grocery Outlet Holding Corp. (NasdaqGS: GO), recently purchased 10,000 shares of the company. The transaction, executed on June 18, 2026, was at an average price of $9.37 per share, bringing the total value to $93,700. This insider buying activity is not part of a pre-arranged trading plan.
Other Institutional Activity in Grocery Outlet
T. Rowe Price Investment Management increased its holdings in Grocery Outlet by 2,869,865 shares, ending with 18,633,810 shares valued at about $131.4 million, marking an 18.2% increase. BlackRock, Inc. also added to its position, buying 316,560 shares to hold a total of 14,782,433 shares worth approximately $104.2 million, a 2.2% increase. Vanguard Portfolio Management LLC opened a new position with 6,034,912 shares valued at around $42.5 million. Meanwhile, FMR LLC reduced its stake by 9,714,605 shares, leaving it with 5,004,794 shares valued at $35.3 million, a 66% decrease.
Grocery Outlet Holding Corp. Stock Down 23.1%
Shares of Grocery Outlet Holding Corp. traded near $9.36 on Tuesday. The company has a market capitalization of approximately $925.9 million. Its forward P/E ratio is 14.86, and it has a beta of 0.672, indicating lower volatility compared to the broader market. The stock's 52-week range is between $5.66 and $19.41, with a 50-day moving average of $8.14 and a 200-day moving average of $10.57.
$GO stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Grocery Outlet reported revenue of about $4.73 billion, with a growth rate of 3.6%. However, the company is currently not profitable, reflected in a negative net margin of -8.1% and a return on equity of -38.4%. The next earnings report is expected on August 4, 2026.
Insider Buying and Selling at Grocery Outlet Holding Corp.
On June 18, 2026, Paul Blaine Miller bought 10,000 shares at $9.37 each. Earlier, on June 15, 2026, he also acquired 41,146 and 27,431 shares, alongside other insiders like Ian Daniel Ferry, EVP, CFO and Treasurer, who bought 12,893 and 19,339 shares, and Susan Michelle Leary, SVP of Accounting, who purchased 6,650 shares.
Analysts Set New Price Targets
On May 14, 2026, DA Davidson, TD Cowen, and Wells Fargo all maintained their 'hold' ratings on Grocery Outlet, with price targets of $9.00 and $8.00, respectively. The consensus among 13 analysts is a 'hold' rating, with an average target price of $8.46.
About Grocery Outlet
Grocery Outlet Holding Corp. is a retailer specializing in consumables and fresh products through independently operated stores across the United States. The company offers a variety of perishable and non-perishable goods, including grocery items, health and beauty care products, and beverages. Founded in 1946, it is headquartered in Emeryville, California, and led by CEO Jason Potter. With over 1,600 employees, Grocery Outlet operates in multiple states, catering to budget-conscious consumers.
Bottom Line
Paul Blaine Miller's recent purchase of Grocery Outlet shares suggests confidence in the company's prospects. Investors often track insider transactions for potential signals on stock valuation. While insider activity can provide insights, it's important to remember that these transactions are just one piece of the broader investment puzzle.
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