Village Super Market (NASDAQ:VLGEA) Stock Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• Village Super Market's stock (NASDAQ: VLGEA) has crossed below its 200-day moving average, trading at $36.42 after hitting a low of $36.01.
• The company declared a quarterly dividend of $0.25, representing an annualized dividend of $1.00 and a yield of 2.7%.
• Major institutional investors have increased their stakes in Village Super Market, with American Century Companies growing its position by 13.4% in the second quarter.

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $36.78 and traded as low as $36.01. Village Super Market shares last traded at $36.42, with a volume of 58,639 shares trading hands.

Analyst Upgrades and Downgrades

VLGEA has been the subject of several recent analyst reports. Wall Street Zen lowered Village Super Market from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 9th. Weiss Ratings reissued a "buy (a-)" rating on shares of Village Super Market in a report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company presently has a consensus rating of "Strong Buy".

Village Super Market Stock Down 1.6%

The business has a fifty day simple moving average of $36.64 and a 200 day simple moving average of $36.78. The firm has a market cap of $537.56 million, a price-to-earnings ratio of 9.61 and a beta of 0.53. 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 business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be given a $0.25 dividend. The ex-dividend date is Thursday, October 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. Village Super Market's dividend payout ratio is 26.39%.

Institutional Investors Weigh In On Village Super Market

A number of large investors have recently made changes to their positions in the stock. American Century Companies Inc. grew its position in shares of Village Super Market by 13.4% in the second 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. Money Concepts Capital Corp grew its position in shares of Village Super Market by 1.6% in the first quarter. Money Concepts Capital Corp now owns 322,838 shares of the company's stock valued at $12,271,000 after purchasing an additional 5,122 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Village Super Market by 3.3% in the second quarter. Geode Capital Management LLC now owns 188,941 shares of the company's stock valued at $7,276,000 after purchasing an additional 5,972 shares in 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 in the last quarter. 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 in the last quarter. 39.02% of the stock is currently owned by hedge funds and other 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.

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