Village Super Market (NASDAQ:VLGEA) EVP Sells $524,633.90 in Stock

Key Points

• EVP John Sumas sold 12,703 shares on April 14 at an average price of $41.30 for a total of $524,633.90, trimming his stake by 10.98% to 102,938 shares (≈$4.25M).
• Village Super Market declared a quarterly dividend of $0.25 (annualized $1.00), with an ex-dividend date of April 2 and payment on April 23, implying a yield of about 2.4% and a payout ratio of 26.18%.
• Analyst sentiment is positive—Wall Street Zen upgraded VLGEA to a "strong-buy"—and the company trades with a market cap of $608M, a PE of 10.79, and reported $1.21 EPS for the last quarter.

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) EVP John Sumas sold 12,703 shares of the stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $41.30, for a total value of $524,633.90. Following the transaction, the executive vice president directly owned 102,938 shares of the company's stock, valued at approximately $4,251,339.40. This trade represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Village Super Market Stock Performance

Shares of Village Super Market stock traded up $0.01 during trading hours on Wednesday, reaching $41.22. The company had a trading volume of 43,933 shares, compared to its average volume of 50,769. Village Super Market, Inc. has a one year low of $30.08 and a one year high of $45.12. The business has a fifty day simple moving average of $40.70 and a 200 day simple moving average of $36.78. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.23 and a quick ratio of 0.99. The firm has a market cap of $608.00 million, a PE ratio of 10.79 and a beta of 0.44.

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

Village Super Market Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd will be given a $0.25 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Village Super Market's payout ratio is presently 26.18%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Wall Street Zen upgraded Village Super Market from a "buy" rating to a "strong-buy" rating in a research report on Saturday, March 7th. Weiss Ratings restated a "buy (b)" rating on shares of Village Super Market in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Village Super Market currently has a consensus rating of "Buy".

Hedge Funds Weigh In On Village Super Market

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Franklin Resources Inc. grew its stake in shares of Village Super Market by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,192 shares of the company's stock worth $269,000 after buying an additional 324 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Village Super Market by 60.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company's stock worth $42,000 after buying an additional 451 shares during the last quarter. Farther Finance Advisors LLC grew its stake 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 worth $33,000 after buying an additional 512 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Village Super Market by 6.6% in the 2nd quarter. Russell Investments Group Ltd. now owns 8,896 shares of the company's stock worth $342,000 after buying an additional 547 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Village Super Market by 1.9% in the 4th quarter. First Trust Advisors LP now owns 29,570 shares of the company's stock worth $1,047,000 after buying an additional 563 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.

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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