Village Super Market (NASDAQ:VLGEA) Stock Price Breaks Below Two Hundred Day Moving Average - What's Next?

Key Points

• Village Super Market shares fell below their 200-day moving average of $42.25, trading as low as $41.62 and last changing hands at $41.72.
• Weiss Ratings upgraded the stock from “buy (B+)” to “buy (A−),” and MarketBeat reported an average analyst rating of “Strong Buy” from one analyst.
• The company reported quarterly earnings of $0.92 per share on revenue of $609.57 million and pays an annualized dividend of $1.00 per share, a yield of about 2.4%.

Shares of Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $42.25 and traded as low as $41.62. Village Super Market shares last traded at $41.72, with a volume of 73,142 shares.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Village Super Market from a "buy (b+)" rating to a "buy (a-)" rating in a research report on Wednesday, October 28th. One analyst has rated the stock with a Strong Buy rating. According to MarketBeat.com, the company currently has an average rating of "Strong Buy".

Village Super Market Price Performance

The business has a fifty day moving average price of $44.07 and a 200 day moving average price of $42.25. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.14 and a quick ratio of 0.87. The company has a market capitalization of $617.87 million, a price-to-earnings ratio of 11.75 and a beta of 0.45.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last posted its quarterly earnings data on Thursday, October 8th. The company reported $0.92 earnings per share for the quarter. The business had revenue of $609.57 million during the quarter. Village Super Market had a net margin of 2.18% and a return on equity of 10.23%.

Village Super Market Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.00 annualized dividend and a yield of 2.4%. Village Super Market's dividend payout ratio (DPR) is presently 28.17%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Money Concepts Capital Corp raised its holdings in Village Super Market by 5.7% during the first quarter. Money Concepts Capital Corp now owns 391,214 shares of the company's stock worth $16,521,000 after purchasing an additional 21,150 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Village Super Market by 0.9% in the first quarter. Bank of New York Mellon Corp now owns 101,646 shares of the company's stock worth $4,293,000 after purchasing an additional 930 shares during the period. Empowered Funds LLC lifted its position in Village Super Market by 8.4% in the first quarter. Empowered Funds LLC now owns 85,381 shares of the company's stock worth $3,606,000 after purchasing an additional 6,633 shares during the period. Lazard Asset Management LLC lifted its position in Village Super Market by 11.3% in the first quarter. Lazard Asset Management LLC now owns 44,431 shares of the company's stock worth $1,876,000 after purchasing an additional 4,518 shares during the period. Finally, Sei Investments Co. boosted its stake in Village Super Market by 96.3% during the 1st quarter. Sei Investments Co. now owns 28,526 shares of the company's stock valued at $1,205,000 after purchasing an additional 13,994 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors.

About Village Super Market

Village Super Market, Inc is a food retailer that operates supermarkets under the ShopRite and Fairway banners. Its stores offer a broad selection of groceries, including fresh produce, meat, seafood, dairy products, bakery items, prepared foods, household supplies and health and beauty products. Many locations also provide services such as pharmacies, catering, online grocery ordering and home delivery.

The company operates ShopRite supermarkets in New Jersey, New York and Maryland, along with Fairway Market stores in the New York City area.

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