Teton Advisors Inc. Sells 20,800 Shares of Village Super Market, Inc. $VLGEA

Key Points

• Teton Advisors Inc. reduced its stake in Village Super Market, Inc. (NASDAQ:VLGEA) by 68.2%, owning 9,700 shares after selling 20,800 shares in the first quarter.
• Village Super Market declared a quarterly dividend of $0.25 per share, resulting in an annualized yield of 2.8%, with a payout ratio of 26.39%.
• Wall Street Zen downgraded Village Super Market's rating from "strong-buy" to "buy" in a report released on August 9th.

Teton Advisors Inc. cut its position in shares of Village Super Market, Inc. (NASDAQ:VLGEA - Free Report) by 68.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,700 shares of the company's stock after selling 20,800 shares during the quarter. Teton Advisors Inc. owned about 0.07% of Village Super Market worth $369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Abound Wealth Management purchased a new position in Village Super Market during the first quarter valued at $57,000. GAMMA Investing LLC raised its stake in Village Super Market by 8,860.7% during the first quarter. GAMMA Investing LLC now owns 2,509 shares of the company's stock valued at $95,000 after buying an additional 2,481 shares during the last quarter. BNP Paribas Financial Markets raised its stake in Village Super Market by 239.9% during the fourth quarter. BNP Paribas Financial Markets now owns 5,945 shares of the company's stock valued at $190,000 after buying an additional 4,196 shares during the last quarter. Deutsche Bank AG raised its stake in Village Super Market by 129.2% during the fourth quarter. Deutsche Bank AG now owns 6,270 shares of the company's stock valued at $200,000 after buying an additional 3,534 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Village Super Market by 21.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,409 shares of the company's stock valued at $204,000 after buying an additional 1,112 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Village Super Market Stock Performance

NASDAQ:VLGEA traded up $0.13 during mid-day trading on Monday, hitting $36.28. 44,154 shares of the company traded hands, compared to its average volume of 34,248. The stock's fifty day moving average price is $36.51 and its 200-day moving average price is $35.88. Village Super Market, Inc. has a one year low of $28.33 and a one year high of $40.15. 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 firm has a market cap of $535.49 million, a price-to-earnings ratio of 9.57 and a beta of 0.53.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last released its quarterly earnings results on Tuesday, June 3rd. The company reported $0.78 earnings per share (EPS) for the quarter. Village Super Market had a return on equity of 12.55% and a net margin of 2.45%.The business had revenue of $563.67 million during the quarter.

Village Super Market Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, July 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. Village Super Market's dividend payout ratio is presently 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.