Several brokerages have updated their recommendations and price targets on shares of Grocery Outlet (NASDAQ: GO) in the last few weeks:
- 5/15/2026 – Grocery Outlet was downgraded by Weiss Ratings from “sell (d)” to “sell (d-)”.
- 5/14/2026 – Grocery Outlet had its price target raised by DA Davidson from $7.00 to $9.00. They now have a “neutral” rating on the stock.
- 5/14/2026 – Grocery Outlet had its price target raised by TD Cowen from $6.00 to $8.00. They now have a “hold” rating on the stock.
- 5/14/2026 – Grocery Outlet had its price target raised by Wells Fargo & Company from $7.00 to $9.00. They now have an “equal weight” rating on the stock.
- 5/1/2026 – Grocery Outlet was upgraded by Weiss Ratings from “sell (d-)” to “sell (d)”.
Insiders Place Their Bets
In related news, Director Jeffrey York acquired 120,000 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were acquired at an average price of $5.82 per share, with a total value of $698,400.00. Following the completion of the purchase, the director directly owned 120,000 shares in the company, valued at approximately $698,400. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Erik D. Ragatz acquired 50,000 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were bought at an average price of $5.75 per share, with a total value of $287,500.00. Following the transaction, the director owned 526,500 shares in the company, valued at $3,027,375. This represents a 10.49% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 899,905 shares of company stock valued at $5,396,307 and sold 89,493 shares valued at $524,431. Insiders own 4.50% of the company’s stock.
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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