Village Super Market (NASDAQ:VLGEA) Announces Earnings Results

Key Points

• Village Super Market reported an EPS of $1.05 for the quarter, with a return on equity of 12.55% and a net margin of 2.45%.
• The company announced a quarterly dividend of $0.25 per share, yielding 2.7%, with a payout ratio of 26.39%.
• Wall Street analysts have mixed ratings on the stock, with some rating it as a "Strong Buy" while others downgraded it to a "Buy".

Village Super Market (NASDAQ:VLGEA - Get Free Report) announced its earnings results on Tuesday. The company reported $1.05 EPS for the quarter, Zacks reports. Village Super Market had a return on equity of 12.55% and a net margin of 2.45%.

Village Super Market Stock Performance

NASDAQ VLGEA opened at $36.42 on Tuesday. The business's 50-day moving average price is $36.64 and its 200 day moving average price is $36.78. The company has a current ratio of 1.06, a quick ratio of 0.78 and a debt-to-equity ratio of 0.15. Village Super Market has a twelve month low of $28.33 and a twelve month high of $40.15. The company has a market capitalization of $537.56 million, a PE ratio of 9.61 and a beta of 0.53.

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, October 2nd. This represents a $1.00 annualized dividend and a yield of 2.7%. Village Super Market's dividend payout ratio is 26.39%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Man Group plc boosted its position in shares of Village Super Market by 249.7% in the second quarter. Man Group plc now owns 20,808 shares of the company's stock worth $801,000 after acquiring an additional 14,858 shares during the last quarter. Lazard Asset Management LLC boosted its holdings in shares of Village Super Market by 3,266.5% in the 2nd quarter. Lazard Asset Management LLC now owns 16,361 shares of the company's stock valued at $629,000 after purchasing an additional 15,875 shares during the last quarter. Bridgeway Capital Management LLC boosted its holdings in shares of Village Super Market by 3.9% in the 2nd quarter. Bridgeway Capital Management LLC now owns 135,482 shares of the company's stock valued at $5,216,000 after purchasing an additional 5,110 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Village Super Market by 32.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 38,842 shares of the company's stock valued at $1,495,000 after buying an additional 9,457 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Village Super Market during the 2nd quarter valued at $1,052,000. 39.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on VLGEA. Wall Street Zen downgraded Village Super Market from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. Weiss Ratings reiterated a "buy (a-)" rating on shares of Village Super Market in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company presently has a consensus rating of "Strong Buy".

About Village Super Market

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.

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