Grocery Outlet (NASDAQ:GO) Director Erik Ragatz Buys 125,000 Shares

Grocery Outlet Director Erik Ragatz recently purchased 125,000 shares of the company’s stock for $750,000, significantly increasing his ownership. This insider buying comes amidst a 1.9% stock drop, mixed analyst ratings, and concerns over recent SEC investigations, management selling, and store closures, while the company reported missing Q4 earnings and revenue estimates.