Village Super Market (NASDAQ:VLGEA - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.78 earnings per share for the quarter, Zacks reports. Village Super Market had a net margin of 2.29% and a return on equity of 12.15%. The company had revenue of $563.67 million for the quarter.
Village Super Market Stock Performance
Shares of VLGEA traded up $0.37 on Friday, reaching $37.98. 27,176 shares of the company's stock traded hands, compared to its average volume of 32,081. The stock's 50 day simple moving average is $36.54 and its two-hundred day simple moving average is $34.13. The stock has a market cap of $560.09 million, a PE ratio of 10.95 and a beta of 0.49. Village Super Market has a 52-week low of $24.57 and a 52-week high of $40.15. The company has a current ratio of 1.13, a quick ratio of 0.86 and a debt-to-equity ratio of 0.18.
Village Super Market Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.63%. The ex-dividend date was Thursday, April 3rd. Village Super Market's dividend payout ratio is presently 27.47%.
Insiders Place Their Bets
In other news, major shareholder Robert Sumas sold 943 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were sold at an average price of $36.21, for a total transaction of $34,146.03. Following the completion of the sale, the insider now owns 93,988 shares in the company, valued at $3,403,305.48. This trade represents a 0.99% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kevin Begley sold 3,000 shares of the company's stock in a transaction that occurred on Friday, April 25th. The shares were sold at an average price of $35.19, for a total value of $105,570.00. Following the completion of the transaction, the director now owns 43,961 shares in the company, valued at approximately $1,546,987.59. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,843 shares of company stock valued at $320,011. Insiders own 56.78% of the company's stock.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in Village Super Market stock. Empowered Funds LLC increased its holdings in Village Super Market, Inc. (NASDAQ:VLGEA - Free Report) by 7.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 64,122 shares of the company's stock after buying an additional 4,459 shares during the period. Empowered Funds LLC owned 0.43% of Village Super Market worth $2,437,000 as of its most recent SEC filing. 39.02% of the stock is currently owned by hedge funds and other institutional investors.
Village Super Market Company Profile
(
Get Free Report)
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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