Village Super Market (NASDAQ:VLGEA) Sees Strong Trading Volume - Here's What Happened

Key Points

• Village Super Market shares traded at $44.42 after 53,309 shares changed hands, a 2% increase from the prior session’s volume.
• Analyst sentiment remains positive overall, with the stock carrying a consensus “Buy” rating despite recent downgrades from Weiss Ratings and Wall Street Zen.
• The company reported quarterly revenue of $572.59 million and earnings of $0.61 per share, while maintaining a quarterly dividend of $0.25 per share, equivalent to a 2.3% yield.

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) shares saw unusually-high trading volume on Tuesday . 53,309 shares traded hands during mid-day trading, an increase of 2% from the previous session's volume of 52,464 shares.The stock last traded at $44.42 and had previously closed at $44.24.

Wall Street Analysts Forecast Growth

VLGEA has been the topic of a number of research analyst reports. Weiss Ratings lowered Village Super Market from a "buy (a-)" rating to a "buy (b)" rating in a research note on Thursday, June 4th. Wall Street Zen cut shares of Village Super Market from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy".

Village Super Market Price Performance

The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.17. The firm has a market cap of $645.58 million, a PE ratio of 11.87 and a beta of 0.45. The stock has a 50 day simple moving average of $42.81 and a two-hundred day simple moving average of $42.22.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The company reported $0.61 EPS for the quarter. Village Super Market had a net margin of 2.27% and a return on equity of 10.80%. The business had revenue of $572.59 million for the quarter.

Village Super Market Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, July 2nd. Village Super Market's dividend payout ratio is 27.17%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of Village Super Market by 121.9% in the 4th quarter. Farther Finance Advisors LLC now owns 932 shares of the company's stock worth $33,000 after acquiring an additional 512 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Village Super Market by 60.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company's stock valued at $42,000 after acquiring an additional 451 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Village Super Market by 319.0% during the 4th quarter. State of Alaska Department of Revenue now owns 1,760 shares of the company's stock valued at $61,000 after acquiring an additional 1,340 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new stake in shares of Village Super Market in the first quarter valued at about $77,000. Finally, BNP Paribas Financial Markets increased 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 purchasing an additional 2,152 shares during the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source