Village Super Market (NASDAQ:VLGEA) Rating Lowered to Buy at Wall Street Zen

Key Points

• Village Super Market (NASDAQ:VLGEA) has been downgraded from a "strong-buy" rating to a "buy" rating by Wall Street Zen.
• The company's stock opened at $34.88, with a market capitalization of $514.83 million and a PE ratio of 9.20.
• Hedge funds have been actively trading the stock, with Allspring Global Investments Holdings LLC increasing its holdings by 111.4% in the first quarter.

Village Super Market (NASDAQ:VLGEA - Get Free Report) was downgraded by research analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a note issued to investors on Saturday.

Village Super Market Trading Up 0.1%

Shares of VLGEA stock traded up $0.05 on Friday, reaching $35.95. The company had a trading volume of 3,934 shares, compared to its average volume of 46,058. The company has a current ratio of 1.06, a quick ratio of 0.78 and a debt-to-equity ratio of 0.15. The stock has a market cap of $530.40 million, a PE ratio of 9.48 and a beta of 0.51. The company has a 50-day moving average of $36.85 and a 200-day moving average of $35.72. Village Super Market has a 12 month low of $27.68 and a 12 month high of $40.15.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The company reported $0.78 earnings per share (EPS) for the quarter. Village Super Market had a return on equity of 12.55% and a net margin of 2.45%. The business had revenue of $563.67 million during the quarter.

Institutional Investors Weigh In On Village Super Market

A number of large investors have recently added to or reduced their stakes in the business. Systematic Financial Management LP increased its position in Village Super Market by 5.0% during the 4th quarter. Systematic Financial Management LP now owns 460,034 shares of the company's stock worth $14,671,000 after buying an additional 22,081 shares during the period. American Century Companies Inc. grew its position in Village Super Market by 13.4% in the second quarter. American Century Companies Inc. now owns 338,828 shares of the company's stock valued at $13,045,000 after acquiring an additional 40,163 shares during the last quarter. Money Concepts Capital Corp grew its position in Village Super Market by 1.6% in the first quarter. Money Concepts Capital Corp now owns 322,838 shares of the company's stock valued at $12,271,000 after acquiring an additional 5,122 shares during the last quarter. Geode Capital Management LLC grew its position in Village Super Market by 3.3% in the second quarter. Geode Capital Management LLC now owns 188,941 shares of the company's stock valued at $7,276,000 after acquiring an additional 5,972 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Village Super Market by 114.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 106,601 shares of the company's stock valued at $4,104,000 after purchasing an additional 56,959 shares in the last quarter. Institutional investors own 39.02% of the company's stock.

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.