Village Super Market (NASDAQ:VLGEA) Issues Earnings Results

Village Super Market (NASDAQ:VLGEA) released its quarterly earnings results on Tuesday. The company reported $1.05 EPS for the quarter, Zacks reports. Village Super Market had a net margin of 2.45% and a return on equity of 12.55%.

Village Super Market Price Performance

Shares of NASDAQ VLGEA opened at $36.42 on Tuesday. The firm has a 50-day simple moving average of $36.64 and a 200-day simple moving average of $36.78. The company has a quick ratio of 0.78, a current ratio of 1.06 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $537.56 million, a price-to-earnings ratio of 9.61 and a beta of 0.53. Village Super Market has a 52 week low of $28.33 and a 52 week high of $40.15.

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. Village Super Market’s dividend payout ratio is presently 26.39%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on VLGEA shares. Weiss Ratings reaffirmed a “buy (a-)” rating on shares of Village Super Market in a report on Saturday, September 27th. Wall Street Zen downgraded Village Super Market from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Strong Buy”.

Institutional Trading of Village Super Market

A number of hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership lifted its stake in Village Super Market by 207.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 7,508 shares of the company’s stock worth $289,000 after purchasing an additional 5,068 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Village Super Market by 6.6% in the second quarter. Russell Investments Group Ltd. now owns 8,896 shares of the company’s stock valued at $342,000 after purchasing an additional 547 shares during the last quarter. Rhumbline Advisers lifted its position in Village Super Market by 4.8% during the second quarter. Rhumbline Advisers now owns 14,535 shares of the company’s stock worth $560,000 after buying an additional 671 shares in the last quarter. Lazard Asset Management LLC boosted its stake in Village Super Market by 3,266.5% during the second quarter. Lazard Asset Management LLC now owns 16,361 shares of the company’s stock worth $629,000 after buying an additional 15,875 shares during the last quarter. Finally, Man Group plc grew its holdings in Village Super Market by 249.7% in the 2nd quarter. Man Group plc now owns 20,808 shares of the company’s stock valued at $801,000 after buying an additional 14,858 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Village Super Market Company Profile

Village Super Market, Inc operates a chain of supermarkets in the United States. The company offers grocery, meat, produce, dairy, deli, seafood, prepared foods, and bakery and frozen foods. It also provides non-food products, including health and beauty care, general merchandise, liquor, and pharmacy products through retail and online stores.