Frank Michael Kerr, Executive Vice President and Chief Store Operations Officer at Grocery Outlet Holding Corp., sold 1,432 shares of common stock on August 21, 2026, at $11.30 per share for a total of $16,181. The transaction was executed to satisfy tax withholding obligations tied to the vesting of previously granted restricted stock units.
Following the sale, Kerr retains a direct beneficial ownership of 54,342 shares. Grocery Outlet’s stock, listed on the NASDAQ under the ticker GO, was trading at $12.04 at the time of the transaction, reflecting a 3.79% intraday gain and a 19% increase for the year.
The company reported adjusted earnings of $0.20 per share in the second quarter, exceeding analyst expectations of $0.12. Revenue reached $1.19 billion, $20 million above forecasts, as the business showed early signs of a turnaround driven by improved execution and stronger product flow. Grocery Outlet also raised its full-year 2026 guidance for sales, earnings, and comparable sales.
Grocery Outlet’s market capitalization stands at $1.15 billion. Despite negative trailing twelve-month earnings of -$3.87 per share, recent performance has prompted several analysts to revise their price targets upward. TD Cowen raised its target to $12.00, UBS to $11.50, D.A. Davidson to $12.00, and Telsey to $12.00, citing progress in the company’s turnaround strategy.
