Village Super Market (NASDAQ:VLGEA) CEO Sells $548,218.32 in Stock

Key Points

• CEO sold stock: Village Super Market CEO John James Sumas sold 12,702 shares on April 8 at an average price of $43.16 for $548,218.32, reducing his ownership by 26.05% to 36,050 shares (valued at about $1.56M).
• Dividend announced: The company declared a $0.25 quarterly dividend (ex-dividend April 2, payable April 23), equivalent to $1.00 annually and a ~2.3% yield.
• Share movement and valuation: Shares traded down about 2.1% to $43.89, with a market cap of $647.38M and a P/E of 11.49; the 50- and 200-day moving averages are $40.36 and $36.68, respectively.

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) CEO John James Sumas sold 12,702 shares of Village Super Market stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $43.16, for a total value of $548,218.32. Following the completion of the transaction, the chief executive officer owned 36,050 shares in the company, valued at $1,555,918. This represents a 26.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Village Super Market Stock Down 2.1%

Shares of VLGEA traded down $0.94 during trading hours on Friday, hitting $43.89. The company had a trading volume of 60,443 shares, compared to its average volume of 50,724. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $647.38 million, a PE ratio of 11.49 and a beta of 0.44. Village Super Market, Inc. has a one year low of $30.08 and a one year high of $45.12. The company's fifty day moving average price is $40.36 and its two-hundred day moving average price is $36.68.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last issued its quarterly earnings data on Wednesday, March 4th. The company reported $1.21 earnings per share for the quarter. The company had revenue of $640.96 million for the quarter. Village Super Market had a return on equity of 11.52% and a net margin of 2.37%.

Village Super Market Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 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 presently 26.67%.

Institutional Investors Weigh In On Village Super Market

A number of large investors have recently modified their holdings of VLGEA. Farther Finance Advisors LLC raised its position in shares of Village Super Market by 121.9% in the 4th quarter. Farther Finance Advisors LLC now owns 932 shares of the company's stock valued at $33,000 after purchasing an additional 512 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in Village Super Market by 60.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company's stock valued at $42,000 after purchasing an additional 451 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Village Super Market by 319.0% during the 4th quarter. State of Alaska Department of Revenue now owns 1,760 shares of the company's stock valued at $61,000 after purchasing an additional 1,340 shares in the last quarter. State of Wyoming purchased a new position in shares of Village Super Market in the third quarter worth $64,000. Finally, CWM LLC lifted its stake in shares of Village Super Market by 50.5% during the third quarter. CWM LLC now owns 2,387 shares of the company's stock worth $89,000 after buying an additional 801 shares during the period. Hedge funds and other institutional investors own 39.02% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on VLGEA. Wall Street Zen raised shares of Village Super Market from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 7th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Village Super Market in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of "Buy".

Village Super Market Company Profile

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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