Village Super Market (NASDAQ:VLGEA) Lowered to Buy Rating by 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 investment 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 Stock Up 0.9%

VLGEA stock traded up $0.31 during midday trading on Friday, reaching $35.19. 35,773 shares of the company were exchanged, compared to its average volume of 46,429. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.78 and a current ratio of 1.06. Village Super Market has a 1-year low of $27.68 and a 1-year high of $40.15. The stock's 50-day simple moving average is $36.98 and its 200 day simple moving average is $35.71. The company has a market cap of $519.40 million, a price-to-earnings ratio of 9.28 and a beta of 0.51.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. New York State Teachers Retirement System purchased a new position in shares of Village Super Market during the 2nd quarter valued at approximately $30,000. Abound Wealth Management acquired a new stake in shares of Village Super Market in the first quarter valued at approximately $57,000. CWM LLC increased its stake in shares of Village Super Market by 41.5% during the second quarter. CWM LLC now owns 1,586 shares of the company's stock valued at $61,000 after acquiring an additional 465 shares during the period. GAMMA Investing LLC increased its stake in shares of Village Super Market by 8,860.7% during the first quarter. GAMMA Investing LLC now owns 2,509 shares of the company's stock valued at $95,000 after acquiring an additional 2,481 shares during the period. Finally, Morgan Dempsey Capital Management LLC grew its position in Village Super Market by 41.8% in the second quarter. Morgan Dempsey Capital Management LLC now owns 3,713 shares of the company's stock worth $143,000 after buying an additional 1,095 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company's stock.

Village Super Market Company Profile

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.