Village Super Market (NASDAQ:VLGEA) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• Village Super Market’s trading volume rose 27% to approximately 65,045 shares, while the stock edged up to $43.21 from a prior close of $43.04.
• Analyst views were mixed, with Weiss Ratings downgrading the stock to “buy (b)” and Wall Street Zen moving it to “hold”; however, MarketBeat reported an overall consensus rating of “Buy.”
• The company reported quarterly EPS of $0.61 on $572.59 million in revenue and maintains a quarterly dividend of $0.25 per share, equivalent to a 2.3% annualized yield.

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 65,045 shares changed hands during trading, an increase of 27% from the previous session's volume of 51,135 shares.The stock last traded at $43.2050 and had previously closed at $43.04.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on VLGEA shares. Weiss Ratings lowered Village Super Market from a "buy (a-)" rating to a "buy (b)" rating in a research report on Thursday, June 4th. Wall Street Zen lowered shares of Village Super Market from a "strong-buy" rating to a "hold" rating in a research note on Saturday, June 6th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy".

Village Super Market Trading Down 0.6%

The stock has a market capitalization of $633.83 million, a price-to-earnings ratio of 11.63 and a beta of 0.45. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.17. The business has a 50-day moving average of $42.49 and a 200-day moving average of $41.90.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last released its quarterly earnings results on Wednesday, June 3rd. The company reported $0.61 earnings per share (EPS) for the quarter. The firm had revenue of $572.59 million for the quarter. Village Super Market had a return on equity of 10.80% and a net margin of 2.27%.

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were given a dividend of $0.25 per share. The ex-dividend date was Thursday, July 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. Village Super Market's dividend payout ratio (DPR) is 27.17%.

Institutional Trading of Village Super Market

Several institutional investors and hedge funds have recently bought and sold shares of the business. Money Concepts Capital Corp lifted its position in Village Super Market by 10.3% during the 4th quarter. Money Concepts Capital Corp now owns 370,064 shares of the company's stock worth $13,098,000 after acquiring an additional 34,516 shares during the period. Sei Investments Co. grew its stake in shares of Village Super Market by 96.3% in the 1st quarter. Sei Investments Co. now owns 28,526 shares of the company's stock valued at $1,205,000 after purchasing an additional 13,994 shares during the last quarter. Aegis Financial Corp acquired a new position in shares of Village Super Market in the fourth quarter valued at approximately $1,973,000. Lazard Asset Management LLC increased its holdings in shares of Village Super Market by 11.3% in the first quarter. Lazard Asset Management LLC now owns 44,431 shares of the company's stock valued at $1,876,000 after purchasing an additional 4,518 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Village Super Market by 0.9% during the first quarter. Bank of New York Mellon Corp now owns 101,646 shares of the company's stock worth $4,293,000 after purchasing an additional 930 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.

About Village Super Market

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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