Village Super Market (NASDAQ:VLGEA) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Village Super Market shares crossed above their 200-day moving average of $42.46, reaching $43.95 before closing at $42.98 on trading volume of 43,772 shares.
• Analyst sentiment remains positive overall, with a consensus “Buy” rating from one covering analyst, despite recent downgrades from Wall Street Zen and Weiss Ratings.
• The company reported quarterly EPS of $0.61 on revenue of $572.59 million and maintains a quarterly dividend of $0.25 per share, equal to a 2.3% annualized yield.

Shares of Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $42.46 and traded as high as $43.95. Village Super Market shares last traded at $42.98, with a volume of 43,772 shares trading hands.

Wall Street Analyst Weigh In

Several research firms recently commented on VLGEA. Wall Street Zen downgraded shares of Village Super Market from a "strong-buy" rating to a "hold" rating in a report on Saturday, June 6th. Weiss Ratings downgraded Village Super Market from a "buy (a-)" rating to a "buy (b)" rating in a research report on Thursday, June 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Village Super Market has a consensus rating of "Buy".

Village Super Market Stock Performance

The firm has a 50 day moving average of $43.13 and a two-hundred day moving average of $42.46. The stock has a market cap of $636.53 million, a PE ratio of 11.68 and a beta of 0.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 0.88.

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

Village Super Market Dividend Announcement

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

Institutional Trading of Village Super Market

A number of large investors have recently bought and sold shares of VLGEA. California State Teachers Retirement System raised its holdings in shares of Village Super Market by 997.0% during the second quarter. California State Teachers Retirement System now owns 5,441 shares of the company's stock valued at $230,000 after purchasing an additional 4,945 shares during the period. Great Lakes Advisors LLC bought a new position in Village Super Market in the second quarter worth approximately $407,000. Bank of America Corp DE grew its stake in Village Super Market by 134.1% in the first quarter. Bank of America Corp DE now owns 20,039 shares of the company's stock valued at $846,000 after acquiring an additional 11,480 shares during the period. Empowered Funds LLC lifted its holdings in shares of Village Super Market by 8.4% in the 1st 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 in the last quarter. Finally, Lazard Asset Management LLC grew its position in Village Super Market by 11.3% in the 1st quarter. Lazard Asset Management LLC now owns 44,431 shares of the company's stock valued at $1,876,000 after purchasing an additional 4,518 shares during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.

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.

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