Village Super Market (NASDAQ:VLGEA) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Village Super Market shares moved above their 200-day moving average during Friday trading, reaching as high as $45.51 and last changing hands at $44.49. The 200-day average was $40.72.
• The company recently reported quarterly EPS of $0.61 on revenue of $572.59 million, with a net margin of 2.27% and return on equity of 10.80%.
• Village Super Market also declared a quarterly dividend of $0.25 per share, or $1.00 annualized, implying a 2.2% yield; the payout is set for July 23.

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report)'s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $40.72 and traded as high as $45.51. Village Super Market shares last traded at $44.49, with a volume of 79,493 shares changing hands.

Analyst Ratings Changes

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

Village Super Market Stock Down 0.3%

The firm has a market cap of $658.90 million, a price-to-earnings ratio of 12.09 and a beta of 0.45. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 0.88. The stock has a 50-day moving average of $43.03 and a 200-day moving average of $40.72.

Village Super Market (NASDAQ:VLGEA - Get Free Report) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.61 earnings per share for the quarter. The firm had revenue of $572.59 million during 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 business also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be given a $0.25 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.2%. Village Super Market's dividend payout ratio (DPR) is presently 27.17%.

Institutional Investors Weigh In On Village Super Market

Large investors have recently bought and sold shares of the company. Bank of America Corp DE raised its position in shares of Village Super Market by 134.1% in the 1st quarter. Bank of America Corp DE now owns 20,039 shares of the company's stock valued at $846,000 after buying an additional 11,480 shares in the last quarter. Empowered Funds LLC raised its position in Village Super Market by 8.4% during the first quarter. Empowered Funds LLC now owns 85,381 shares of the company's stock valued at $3,606,000 after purchasing an additional 6,633 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Village Super Market by 11.3% during the first quarter. Lazard Asset Management LLC now owns 44,431 shares of the company's stock worth $1,876,000 after purchasing an additional 4,518 shares during the last quarter. Sei Investments Co. lifted its stake in Village Super Market by 96.3% during the first quarter. Sei Investments Co. now owns 28,526 shares of the company's stock worth $1,205,000 after purchasing an additional 13,994 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Village Super Market by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 101,646 shares of the company's stock valued at $4,293,000 after purchasing an additional 930 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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