Village Super Market (NASDAQ:VLGEA) Shares Down 6% - Here's What Happened

Key Points

• Village Super Market shares fell 6% to approximately $43.26, with trading volume down 86% from the average session volume.
• The company reported quarterly EPS of $0.92, a 10.8% return on equity and a 2.27% net margin; analysts maintain a consensus “Buy” rating.
• Village Super Market declared a quarterly dividend of $0.25 per share, equivalent to $1.00 annually and a 2.3% yield. Institutional investors and hedge funds own 39.02% of the company.

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) shares traded down 6% during trading on Tuesday. The company traded as low as $42.83 and last traded at $43.2580. 7,615 shares were traded during mid-day trading, a decline of 86% from the average session volume of 52,610 shares. The stock had previously closed at $46.00.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Village Super Market in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has a consensus rating of "Buy".

Village Super Market Price Performance

The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The company's 50 day moving average is $43.87 and its 200-day moving average is $43.20. The firm has a market capitalization of $651.33 million, a price-to-earnings ratio of 11.90 and a beta of 0.44.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last announced its quarterly earnings results on Tuesday, October 6th. The company reported $0.92 earnings per share (EPS) for the quarter. Village Super Market had a return on equity of 10.80% and a net margin of 2.27%.

Village Super Market Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, October 1st. Village Super Market's dividend payout ratio (DPR) is presently 27.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. IFP Advisors Inc raised its stake in Village Super Market by 824.6% in the second quarter. IFP Advisors Inc now owns 1,729 shares of the company's stock valued at $73,000 after purchasing an additional 1,542 shares in the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of Village Super Market during the first quarter valued at $77,000. SG Americas Securities LLC grew its position in shares of Village Super Market by 44.9% in the 1st quarter. SG Americas Securities LLC now owns 4,718 shares of the company's stock valued at $199,000 after buying an additional 1,461 shares during the last quarter. Ritholtz Wealth Management acquired a new stake in shares of Village Super Market during the first quarter worth $216,000. Finally, DGS Capital Management LLC grew its holdings in Village Super Market by 40.8% during the 4th quarter. DGS Capital Management LLC now owns 10,138 shares of the company's stock worth $359,000 after acquiring an additional 2,936 shares during the period. Institutional investors and hedge funds own 39.02% of the company's stock.

About Village Super Market

Village Super Market, Inc is a supermarket operator headquartered in Springfield, New Jersey. The company operates retail grocery stores under the ShopRite and Fairway Market banners, serving customers in the northeastern United States.

Its supermarkets offer a broad selection of fresh produce, meat, seafood, dairy products, bakery items, prepared foods, packaged groceries, household merchandise and health and beauty products. Stores also provide services such as online grocery ordering, pickup and delivery, pharmacy services at select locations, and other customer-focused offerings.

Village Super Market has a long operating history dating to 1937 and is a member of Wakefern Food Corp., the cooperative that supplies and supports ShopRite supermarkets.

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