Village Super Market (NASDAQ:VLGEA) Posts Quarterly Earnings Results

Village Super Market (NASDAQ:VLGEA) announced its quarterly earnings data on Tuesday. The company reported $0.92 earnings per share (EPS) for the quarter, Zacks reports. Village Super Market had a net margin of 2.27% and a return on equity of 10.80%.

Village Super Market Trading Down 3.8%

Shares of VLGEA stock opened at $43.72 on Wednesday. Village Super Market has a twelve month low of $30.08 and a twelve month high of $48.21. The stock’s fifty day simple moving average is $43.87 and its 200 day simple moving average is $43.22. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $647.49 million, a P/E ratio of 11.88 and a beta of 0.44.

Village Super Market Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, October 1st. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. Village Super Market’s payout ratio is currently 27.17%.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Village Super Market in a research note on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has an average rating of “Buy”.

About Village Super Market

Village Super Market, Inc is a supermarket operator headquartered in Springfield, New Jersey. The company operates retail grocery stores under the ShopRite and Fairway Market banners, serving customers in the northeastern United States.

Its supermarkets offer a broad selection of fresh produce, meat, seafood, dairy products, bakery items, prepared foods, packaged groceries, household merchandise and health and beauty products. Stores also provide services such as online grocery ordering, pickup and delivery, pharmacy services at select locations, and other customer-focused offerings.

Village Super Market has a long operating history dating to 1937 and is a member of Wakefern Food Corp., the cooperative that supplies and supports ShopRite supermarkets.