Village Super Market, Inc. $VLGEA Shares Sold by Bridgeway Capital Management LLC

Key Points

• Bridgeway Capital Management LLC has reduced its stake in Village Super Market, Inc. by 11.0%, selling 16,041 shares in the first quarter, leaving it with 130,372 shares valued at approximately $4.95 million.
• Village Super Market's stock opened at $37.37, with a market cap of $551.58 million and a P/E ratio of 9.86, while recently declaring a quarterly dividend of $0.25 with a yield of 2.7%.
• Wall Street Zen downgraded Village Super Market's rating from "strong-buy" to "buy" as of August 9th, indicating a shift in investment sentiment for the stock.

Bridgeway Capital Management LLC trimmed its holdings in Village Super Market, Inc. (NASDAQ:VLGEA - Free Report) by 11.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 130,372 shares of the company's stock after selling 16,041 shares during the period. Bridgeway Capital Management LLC owned 0.88% of Village Super Market worth $4,955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. Trexquant Investment LP acquired a new stake in Village Super Market in the 1st quarter valued at about $202,000. American Century Companies Inc. grew its stake in Village Super Market by 13.1% in the 1st quarter. American Century Companies Inc. now owns 298,665 shares of the company's stock valued at $11,352,000 after acquiring an additional 34,578 shares during the last quarter. Informed Momentum Co LLC acquired a new stake in Village Super Market in the 1st quarter valued at about $929,000. Nuveen LLC acquired a new stake in Village Super Market in the 1st quarter valued at about $814,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Village Super Market by 169.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 64,540 shares of the company's stock valued at $2,453,000 after purchasing an additional 40,609 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Village Super Market from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th.

Village Super Market Trading Down 1.2%

Shares of VLGEA traded down $0.46 during mid-day trading on Wednesday, hitting $37.12. The company had a trading volume of 19,398 shares, compared to its average volume of 44,860. The business's 50-day simple moving average is $36.29 and its 200-day simple moving average is $36.06. The company has a quick ratio of 0.78, a current ratio of 1.06 and a debt-to-equity ratio of 0.15. Village Super Market, Inc. has a 1-year low of $28.33 and a 1-year high of $40.15. The stock has a market cap of $547.89 million, a PE ratio of 9.79 and a beta of 0.53.

Village Super Market Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 3rd were given 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 was Thursday, July 3rd. Village Super Market's payout ratio is 26.39%.

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.