Village Super Market (NASDAQ:VLGEA) Posts Earnings Results

Village Super Market (NASDAQ:VLGEA) posted its quarterly earnings data on Tuesday. The company reported $0.61 EPS for the quarter, Zacks reports. Village Super Market had a net margin of 2.37% and a return on equity of 11.52%.

Village Super Market Trading Down 12.8%

VLGEA stock opened at $40.53 on Tuesday. The company’s 50-day simple moving average is $43.67 and its 200-day simple moving average is $39.29. The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. Village Super Market has a 52-week low of $30.08 and a 52-week high of $48.21. The firm has a market cap of $597.91 million, a P/E ratio of 10.92 and a beta of 0.42.

Village Super Market Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd were given a $0.25 dividend. The ex-dividend date was Thursday, April 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. Village Super Market’s dividend payout ratio is 26.18%.

Analysts Set New Price Targets

VLGEA has been the subject of a number of research reports. Weiss Ratings raised Village Super Market from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. Wall Street Zen raised shares of Village Super Market from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Insider Activity at Village Super Market

In related news, CEO John James Sumas sold 12,702 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $43.16, for a total value of $548,218.32. Following the completion of the transaction, the chief executive officer owned 36,050 shares of the company’s stock, valued at approximately $1,555,918. This represents a 26.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Sumas sold 12,703 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $41.30, for a total value of $524,633.90. Following the transaction, the executive vice president owned 102,938 shares in the company, valued at $4,251,339.40. This represents a 10.98% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,405 shares of company stock worth $1,423,892 in the last 90 days. Corporate insiders own 59.12% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co increased its holdings in Village Super Market by 60.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock worth $42,000 after acquiring an additional 451 shares in the last quarter. BNP Paribas Financial Markets raised its position in Village Super Market by 84.5% during the third quarter. BNP Paribas Financial Markets now owns 4,700 shares of the company’s stock worth $176,000 after acquiring an additional 2,152 shares during the period. Creative Planning purchased a new position in Village Super Market during the third quarter valued at $236,000. EntryPoint Capital LLC acquired a new stake in shares of Village Super Market in the fourth quarter valued at about $242,000. Finally, Franklin Resources Inc. grew its position in shares of Village Super Market by 4.7% in the third quarter. Franklin Resources Inc. now owns 7,192 shares of the company’s stock valued at $269,000 after purchasing an additional 324 shares during the period. Hedge funds and other institutional investors own 39.02% of the company’s stock.

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.