Village Super Market (NASDAQ:VLGEA) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Village Super Market, Inc. (NASDAQ:VLGEA) saw strong trading volume on Wednesday . 53,236 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 42,921 shares.The stock last traded at $37.8150 and had previously closed at $38.02.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Village Super Market in a research note on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy”.

Village Super Market Trading Up 0.3%

The business’s fifty day simple moving average is $33.69 and its two-hundred day simple moving average is $35.83. The stock has a market capitalization of $554.75 million, a P/E ratio of 10.03 and a beta of 0.51. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13.

Village Super Market (NASDAQ:VLGEA) last posted its quarterly earnings data on Thursday, October 9th. The company reported $1.05 EPS for the quarter. The company had revenue of $599.67 million for the quarter. Village Super Market had a return on equity of 11.64% and a net margin of 2.37%.

Village Super Market Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Investors of record on Thursday, January 1st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, December 31st. Village Super Market’s dividend payout ratio is presently 26.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in shares of Village Super Market in the second quarter valued at approximately $30,000. Ameritas Investment Partners Inc. grew its stake in Village Super Market by 45.9% in the second quarter. Ameritas Investment Partners Inc. now owns 934 shares of the company’s stock valued at $36,000 after acquiring an additional 294 shares during the period. CWM LLC increased its stake in Village Super Market by 41.5% during the 2nd quarter. CWM LLC now owns 1,586 shares of the company’s stock valued at $61,000 after purchasing an additional 465 shares in the last quarter. State of Wyoming acquired a new stake in shares of Village Super Market in the 3rd quarter worth about $64,000. Finally, Morgan Dempsey Capital Management LLC lifted its holdings in shares of Village Super Market by 41.8% in the second quarter. Morgan Dempsey Capital Management LLC now owns 3,713 shares of the company’s stock valued at $143,000 after purchasing an additional 1,095 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

About Village Super Market

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.