Grocery Outlet Insider Buys Shares Amid Stock Decline
Paul Blaine Miller, Chief Purchasing and Merchandising Officer at Grocery Outlet Holding Corp (GO), purchased 8,000 shares on August 20, 2026. The transaction increased his direct holdings from 64,171 to 72,171 shares, with a total value of $87,200 based on an average price of $10.90 per share. The stock closed at $11.11 that day after falling by over 40% in the year leading up to this purchase. Grocery Outlet reported trailing twelve-month revenue of $4.7 billion but also a net loss of $381.3 million, partly due to a goodwill impairment charge and declining same-store sales earlier in 2026. Miller's buy-in suggests confidence in the company’s long-term value despite recent financial challenges. The stock is currently trading well below its 52-week high of $19.23 per share.
Tickers: $GO
Topics: Grocery Outlet Holding Corp. insider buying stock ownership