Village Super Market, Inc. (VLGEA) Set to Announce Quarterly Earnings on Wednesday
Shares of Village Super Market, Inc. (VLGEA) opened at 25.00 on Tuesday. Village Super Market, Inc. has a 52-week low of $22.43 and a 52-week high of $36.42. The company has a 50 day moving average price of $23.74 and a 200-day moving average price of $25.09. The firm has a market cap of $252.85 million, a P/E ratio of 14.53 and a beta of 0.30.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 5th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, October 4th. This represents a $1.00 annualized dividend and a yield of 4.00%. Village Super Market’s payout ratio is 57.80%.
In other Village Super Market news, VP John Sumas sold 2,000 shares of Village Super Market stock in a transaction dated Wednesday, July 26th. The stock was sold at an average price of $24.67, for a total transaction of $49,340.00. Following the completion of the transaction, the vice president now owns 121,205 shares in the company, valued at approximately $2,990,127.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 40.12% of the company’s stock.
A hedge fund recently raised its stake in Village Super Market stock. The Manufacturers Life Insurance Company lifted its position in shares of Village Super Market, Inc. (NASDAQ:VLGEA) by 23.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,332 shares of the company’s stock after purchasing an additional 1,398 shares during the period. The Manufacturers Life Insurance Company owned 0.05% of Village Super Market worth $191,000 at the end of the most recent quarter. Institutional investors own 42.85% of the company’s stock.
Separately, BidaskClub downgraded shares of Village Super Market from a “sell” rating to a “strong sell” rating in a research report on Friday, August 25th.
About Village Super Market
Village Super Market, Inc (Village) is engaged in retail sale of food and nonfood products. As of July 30, 2016, the Company operated a chain of 29 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania.
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