Village Super Market, Inc. (NASDAQ:VLGEA) Short Interest Down 36.4% in May

Village Super Market, Inc. (NASDAQ:VLGEA) was the recipient of a significant decline in short interest in May. As of May 29th, there was short interest totaling 121,391 shares, a decline of 36.4% from the May 14th total of 190,898 shares. Based on an average daily trading volume, of 51,443 shares, the days-to-cover ratio is presently 2.4 days. Approximately 2.0% of the shares of the stock are short sold.

Insider Activity at Village Super Market

In related news, EVP John Sumas sold 12,703 shares of Village Super Market stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $41.30, for a total transaction of $524,633.90. Following the completion of the transaction, the executive vice president directly owned 102,938 shares of the company’s stock, valued at approximately $4,251,339.40. The trade was a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Orden John L. Van sold 8,000 shares of Village Super Market stock in a transaction on Friday, April 10th. The stock was sold at an average price of $43.88, for a total value of $351,040.00. Following the transaction, the chief financial officer directly owned 32,023 shares of the company’s stock, valued at approximately $1,405,169.24. This represents a 19.99% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,405 shares of company stock worth $1,423,892 over the last three months. 59.12% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Village Super Market by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 736,790 shares of the company’s stock worth $26,079,000 after buying an additional 4,170 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Village Super Market by 8.2% in the 3rd quarter. Vanguard Group Inc. now owns 502,457 shares of the company’s stock worth $18,772,000 after purchasing an additional 38,108 shares during the last quarter. Money Concepts Capital Corp lifted its holdings in shares of Village Super Market by 5.7% in the 1st quarter. Money Concepts Capital Corp now owns 391,214 shares of the company’s stock worth $16,521,000 after purchasing an additional 21,150 shares during the last quarter. State Street Corp lifted its holdings in shares of Village Super Market by 1.0% in the 4th quarter. State Street Corp now owns 202,842 shares of the company’s stock worth $7,230,000 after purchasing an additional 2,097 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Village Super Market by 29.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,492 shares of the company’s stock worth $6,176,000 after purchasing an additional 39,244 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Weiss Ratings cut Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a report on Thursday, June 4th. Wall Street Zen lowered Village Super Market from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy”.

Village Super Market Stock Up 0.4%

VLGEA stock opened at $40.99 on Wednesday. Village Super Market has a twelve month low of $30.08 and a twelve month high of $48.21. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $607.02 million, a P/E ratio of 11.14 and a beta of 0.43. The firm has a 50 day simple moving average of $43.28 and a 200-day simple moving average of $39.76.

Village Super Market (NASDAQ:VLGEA) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.61 earnings per share for the quarter. Village Super Market had a net margin of 2.27% and a return on equity of 10.80%. The business had revenue of $572.59 million during the quarter.

Village Super Market Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, July 2nd. Village Super Market’s dividend payout ratio (DPR) is currently 27.17%.

About Village Super Market

Village Super Market, Inc is a publicly traded supermarket operator headquartered in Springfield, New Jersey. The company operates a network of ShopRite-branded grocery stores under a membership agreement with Wakefern Food Corp., one of the largest retailer-owned cooperatives in the United States. Through its ShopRite banner, Village Super Market serves communities across northern and central New Jersey, offering a full range of grocery products from fresh produce, meat, seafood and bakery items to dairy, deli and health and beauty merchandise.

The company’s supermarkets feature an array of in-store services designed to meet diverse customer needs.