Village Super Market (NASDAQ:VLGEA) Lowered to "Buy (B+)" Rating by Weiss Ratings

Key Points

• Village Super Market has been downgraded by Weiss Ratings from a "buy (A-)" to a "buy (B+)" rating, indicating a decrease in confidence from analysts.
• Additionally, Wall Street Zen also lowered the company's rating from "strong-buy" to "buy," highlighting a potential shift in market sentiment.
• The stock experienced a 1.8% decline in trading, hitting a price of $31.50, which is below its recent moving averages.

Village Super Market (NASDAQ:VLGEA - Get Free Report) was downgraded by analysts at Weiss Ratings from a "buy (a-)" rating to a "buy (b+)" rating in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen lowered Village Super Market from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Village Super Market currently has a consensus rating of "Buy".

Village Super Market Trading Down 1.8%

NASDAQ:VLGEA traded down $0.58 during trading hours on Wednesday, hitting $31.50. 153,028 shares of the company were exchanged, compared to its average volume of 63,886. The stock has a market capitalization of $464.94 million, a price-to-earnings ratio of 8.37 and a beta of 0.53. The company has a current ratio of 1.06, a quick ratio of 0.78 and a debt-to-equity ratio of 0.15. Village Super Market has a one year low of $28.33 and a one year high of $40.15. The company has a fifty day simple moving average of $36.53 and a 200 day simple moving average of $36.71.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last announced its earnings results on Tuesday, October 7th. The company reported $1.05 earnings per share (EPS) for the quarter. Village Super Market had a return on equity of 12.11% and a net margin of 2.43%.The business had revenue of $599.67 million during the quarter.

Institutional Trading of Village Super Market

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its stake in shares of Village Super Market by 45.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 934 shares of the company's stock worth $36,000 after buying an additional 294 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Village Super Market by 5.6% in the 2nd quarter. Franklin Resources Inc. now owns 6,868 shares of the company's stock worth $264,000 after buying an additional 366 shares during the last quarter. CWM LLC boosted its stake in shares of Village Super Market by 41.5% in the 2nd quarter. CWM LLC now owns 1,586 shares of the company's stock worth $61,000 after buying an additional 465 shares during the last quarter. Russell Investments Group Ltd. boosted 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, Rhumbline Advisers boosted its stake in shares of Village Super Market by 4.8% in the 2nd quarter. Rhumbline Advisers now owns 14,535 shares of the company's stock worth $560,000 after buying an additional 671 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

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.

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