Zacks Investment Research lowered shares of Natural Grocers by Vitamin Cottage Inc. (NYSE:NGVC) from a hold rating to a sell rating in a research note issued to investors on Tuesday morning.

According to Zacks, “Natural Grocers by Vitamin Cottage is a specialty retailer of natural and organic groceries and dietary supplements. The Company provides healthy foods, vitamins, and supplements including allergy, aloe products, amino acids, antioxidants, animal products, beverages, medical, cleansing and clearance, weight loss, electrolytes, energy, cosmetics, natural, minerals, vitamins, pain relief, and supplements. It has locations primarily in Colorado, Texas, Utah, Wyoming, Oklahoma, Missouri, New Mexico, Montana, Kansas, Idaho, Nebraska and Arizona. Natural Grocers by Vitamin Cottage is based in Lakewood, Colorado. “

Shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) opened at 10.88 on Tuesday. The stock has a 50 day moving average of $11.92 and a 200-day moving average of $14.68. Natural Grocers by Vitamin Cottage has a 52 week low of $10.63 and a 52 week high of $25.85. The firm has a market cap of $244.72 million, a price-to-earnings ratio of 19.09 and a beta of 0.95.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.12 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.12. Natural Grocers by Vitamin Cottage had a net margin of 1.88% and a return on equity of 10.66%. The company had revenue of $179.27 million for the quarter, compared to analyst estimates of $179.15 million. During the same quarter in the prior year, the business posted $0.19 EPS. Natural Grocers by Vitamin Cottage’s quarterly revenue was up 13.0% on a year-over-year basis. Equities research analysts expect that Natural Grocers by Vitamin Cottage will post $0.52 earnings per share for the current year.

In other news, Director Edward Cerkovnik bought 4,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average cost of $12.85 per share, for a total transaction of $51,400.00. Following the purchase, the director now owns 9,684 shares of the company’s stock, valued at approximately $124,439.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 60.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can purchased a new position in Natural Grocers by Vitamin Cottage during the second quarter worth about $125,000. Rhumbline Advisers purchased a new position in Natural Grocers by Vitamin Cottage during the second quarter worth about $137,000. Parametric Portfolio Associates LLC purchased a new position in Natural Grocers by Vitamin Cottage during the second quarter worth about $140,000. Metropolitan Life Insurance Co. NY purchased a new position in Natural Grocers by Vitamin Cottage during the first quarter worth about $152,000. Finally, BlackRock Group LTD raised its position in Natural Grocers by Vitamin Cottage by 265.1% in the second quarter. BlackRock Group LTD now owns 12,596 shares of the company’s stock worth $164,000 after buying an additional 9,146 shares during the last quarter. Institutional investors and hedge funds own 31.30% of the company’s stock.

About Natural Grocers by Vitamin Cottage

Natural Grocers By Vitamin Cottage Inc (Natural Grocers) is a specialty retailer of natural and organic groceries and dietary supplements. The Company sells natural and organic groceries and dietary supplements. The Company’s grocery products include: bulk food and private label products, dry, frozen and canned groceries, meats and seafood, dairy products and dairy substitutes, prepared foods, bread and baked goods, and beverages.

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