Village Super Market (NASDAQ:VLGEA) Stock Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Village Super Market shares recently crossed above their 200-day moving average, hitting a peak price of $39.37 during trading.
• Analysts have downgraded the stock from a "strong-buy" to a "buy" rating, indicating a shift in confidence.
• Institutional investors have increased their stakes in Village Super Market, with a notable 239.9% increase from BNP Paribas Financial Markets in the fourth quarter.

Shares of Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $36.39 and traded as high as $39.37. Village Super Market shares last traded at $39.28, with a volume of 48,296 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Village Super Market from a "strong-buy" rating to a "buy" rating in a research report on Saturday, August 9th.

Village Super Market Stock Down 2.6%

The company has a market cap of $556.01 million, a PE ratio of 9.94 and a beta of 0.53. The firm has a 50-day simple moving average of $36.48 and a two-hundred day simple moving average of $36.53. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.06 and a quick ratio of 0.78.

Village Super Market Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 2nd will be paid a $0.25 dividend. The ex-dividend date of this dividend is Thursday, October 2nd. This represents a $1.00 annualized dividend and a yield of 2.7%. Village Super Market's payout ratio is presently 26.39%.

Hedge Funds Weigh In On Village Super Market

A number of institutional investors have recently modified their holdings of the company. American Century Companies Inc. boosted its position in Village Super Market by 13.4% during the second quarter. American Century Companies Inc. now owns 338,828 shares of the company's stock worth $13,045,000 after acquiring an additional 40,163 shares during the last quarter. Money Concepts Capital Corp lifted its stake in shares of Village Super Market by 1.6% during the 1st quarter. Money Concepts Capital Corp now owns 322,838 shares of the company's stock worth $12,271,000 after purchasing an additional 5,122 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Village Super Market by 3.3% during the second quarter. Geode Capital Management LLC now owns 188,941 shares of the company's stock worth $7,276,000 after purchasing an additional 5,972 shares during the last quarter. Bridgeway Capital Management LLC grew its position in shares of Village Super Market by 3.9% in the second quarter. Bridgeway Capital Management LLC now owns 135,482 shares of the company's stock valued at $5,216,000 after purchasing an additional 5,110 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of Village Super Market by 114.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 106,601 shares of the company's stock valued at $4,104,000 after purchasing an additional 56,959 shares during the period. Institutional investors and hedge funds own 39.02% of the company's stock.

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.