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Christopher M. Miller, the Chief Financial Officer of Grocery Outlet Holding Corp. (NASDAQ:GO), has recently acquired 10,000 shares of the company’s common stock. This insider purchase comes as the stock trades near its 52-week low of $10.26, having declined about 55% over the past year. According to InvestingPro data, the company maintains a FAIR financial health score. The transaction, dated February 27, 2025, was valued at approximately $116,800, with each share purchased at a price of $11.68. Following this acquisition, Miller’s direct ownership in Grocery Outlet stands at 10,000 shares. Want deeper insights? InvestingPro subscribers have access to 13 additional ProTips and comprehensive analysis in the Pro Research Report, helping investors make more informed decisions.
In other recent news, Grocery Outlet Holding Corp reported its fourth-quarter 2024 earnings, showcasing a mixed performance. The company posted earnings per share (EPS) of $0.15, which did not meet the forecasted $0.17, but revenue exceeded expectations, reaching $1.1 billion. Analysts from Craig-Hallum, Telsey Advisory Group, and DA Davidson have all adjusted their price targets for Grocery Outlet, reflecting ongoing concerns about the company’s profitability and operational challenges. Craig-Hallum reduced its price target to $13.50, Telsey to $16.00, and DA Davidson to $15.00, with each firm maintaining a Hold, Market Perform, or Neutral rating, respectively.
The company’s comparable store sales increased by 2.9%, surpassing some analyst expectations, yet profitability was hindered by higher shrinkage due to system issues. Grocery Outlet is implementing a restructuring plan that includes store closures and workforce reductions, which may affect short-term profitability. Analysts noted that these operational challenges, particularly with system integration and inventory management, continue to impact the company’s financial outlook. Despite these hurdles, Grocery Outlet is optimistic about its long-term growth, with plans to open 33 to 35 new stores in 2025. The company remains focused on resolving its system issues and enhancing its operational efficiency to improve future financial performance.
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