Allspring Global Investments Holdings LLC Raises Holdings in Village Super Market, Inc. $VLGEA

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Village Super Market, Inc. by 114.7%, holding approximately 106,601 shares valued at $4.1 million as of the latest SEC filing.
• Village Super Market recently declared a $0.25 quarterly dividend, with a dividend yield of 3.0%, reflecting a payout ratio of 26.32%.
• The stock is currently priced at $33.11, with a market capitalization of $488.37 million and a P/E ratio of 8.71.

Allspring Global Investments Holdings LLC lifted its stake in Village Super Market, Inc. (NASDAQ:VLGEA - Free Report) by 114.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 106,601 shares of the company's stock after buying an additional 56,959 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.72% of Village Super Market worth $4,104,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of VLGEA. Charles Schwab Investment Management Inc. boosted its stake in shares of Village Super Market by 169.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 64,540 shares of the company's stock worth $2,453,000 after buying an additional 40,609 shares during the last quarter. American Century Companies Inc. boosted its position in Village Super Market by 13.1% during the first quarter. American Century Companies Inc. now owns 298,665 shares of the company's stock worth $11,352,000 after purchasing an additional 34,578 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Village Super Market during the first quarter worth approximately $1,056,000. Informed Momentum Co LLC purchased a new position in Village Super Market during the first quarter worth approximately $929,000. Finally, Nuveen LLC purchased a new position in Village Super Market during the first quarter worth approximately $814,000. Hedge funds and other institutional investors own 39.02% of the company's stock.

Village Super Market Price Performance

Shares of Village Super Market stock opened at $33.11 on Tuesday. The business has a 50 day simple moving average of $36.16 and a two-hundred day simple moving average of $36.49. Village Super Market, Inc. has a 12 month low of $28.33 and a 12 month high of $40.15. The stock has a market capitalization of $488.37 million, a P/E ratio of 8.71 and a beta of 0.53. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.13 and a quick ratio of 0.85.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last announced its earnings results on Tuesday, October 7th. The company reported $1.05 EPS for the quarter. Village Super Market had a return on equity of 11.97% and a net margin of 2.43%.The business had revenue of $599.67 million during the quarter.

Village Super Market Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Thursday, October 2nd. Village Super Market's dividend payout ratio (DPR) is currently 26.32%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Weiss Ratings downgraded Village Super Market from a "buy (a-)" rating to a "buy (b+)" rating in a research report on Wednesday, October 8th. Wall Street Zen downgraded Village Super Market from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of "Buy".

Village Super Market 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.

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