Village Super Market (NASDAQ:VLGEA) Sets New 12-Month High - Here's Why

Key Points

• Village Super Market shares hit a new 52-week high of $41.21 on Thursday, trading above its 50‑day ($37.29) and 200‑day ($36.00) moving averages.
• Analysts are increasingly bullish—Weiss Ratings reiterated a "buy (b)" and Wall Street Zen upgraded to "strong‑buy", leaving a consensus rating of Buy.
• Fundamentals remain solid with a PE of 10.98, quarterly EPS of $1.21 on $640.96M revenue, a $1.00 annual dividend (2.4% yield), and roughly 39% institutional ownership.

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $41.21 and last traded at $41.2020, with a volume of 20207 shares changing hands. The stock had previously closed at $40.00.

Analysts Set New Price Targets

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

Village Super Market Price Performance

The company has a fifty day moving average of $37.29 and a 200-day moving average of $36.00. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. The stock has a market cap of $607.71 million, a PE ratio of 10.98 and a beta of 0.49.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported $1.21 earnings per share for the quarter. The company had revenue of $640.96 million during the quarter. Village Super Market had a return on equity of 11.57% and a net margin of 2.37%.

Village Super Market Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 22nd. Shareholders of record on Thursday, January 1st were issued a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. Village Super Market's dividend payout ratio is 26.67%.

Institutional Trading of Village Super Market

Hedge funds have recently modified their holdings of the stock. Bulldog Investors LLP grew its stake in Village Super Market by 184.5% during the 3rd quarter. Bulldog Investors LLP now owns 151,510 shares of the company's stock worth $5,660,000 after purchasing an additional 98,253 shares in the last quarter. TrueMark Investments LLC purchased a new position in Village Super Market in the third quarter worth approximately $2,178,000. Aegis Financial Corp purchased a new stake in shares of Village Super Market in the 4th quarter valued at approximately $1,973,000. American Century Companies Inc. raised its holdings in shares of Village Super Market by 13.4% in the 2nd quarter. American Century Companies Inc. now owns 338,828 shares of the company's stock valued at $13,045,000 after purchasing an additional 40,163 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Village Super Market by 29.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,492 shares of the company's stock valued at $6,176,000 after purchasing an additional 39,244 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

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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