Village Super Market (NASDAQ:VLGEA) Hits New 1-Year High - Still a Buy?

Shares of Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $40.15 and last traded at $39.06, with a volume of 44217 shares. The stock had previously closed at $38.64.

Village Super Market Stock Up 1.0%

The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $560.09 million, a price-to-earnings ratio of 10.95 and a beta of 0.50. The stock's fifty day moving average price is $36.54 and its 200-day moving average price is $34.13.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The company reported $0.78 EPS for the quarter. Village Super Market had a net margin of 2.29% and a return on equity of 12.15%. The firm had revenue of $563.67 million for the quarter.

Village Super Market Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 2.63%. Village Super Market's payout ratio is 26.39%.

Insider Transactions at Village Super Market

In other Village Super Market news, Director Kevin Begley sold 3,000 shares of the stock in a transaction that occurred on Wednesday, April 9th. The shares were sold at an average price of $37.40, for a total transaction of $112,200.00. Following the completion of the sale, the director now owns 48,961 shares of the company's stock, valued at approximately $1,831,141.40. This represents a 5.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Robert Sumas sold 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $35.81, for a total transaction of $53,715.00. Following the sale, the insider now directly owns 87,931 shares of the company's stock, valued at approximately $3,148,809.11. This trade represents a 1.68% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,843 shares of company stock valued at $320,011. 56.78% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Village Super Market

A number of hedge funds have recently made changes to their positions in the business. Abound Wealth Management bought a new stake in Village Super Market in the 1st quarter valued at about $57,000. SBI Securities Co. Ltd. bought a new stake in shares of Village Super Market during the fourth quarter valued at about $78,000. GAMMA Investing LLC grew its holdings 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 worth $95,000 after purchasing an additional 2,481 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Village Super Market during the fourth quarter worth about $118,000. Finally, BNP Paribas Financial Markets grew its holdings in shares of Village Super Market by 239.9% during the fourth quarter. BNP Paribas Financial Markets now owns 5,945 shares of the company's stock worth $190,000 after purchasing an additional 4,196 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors.

About Village Super Market

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.