Village Super Market (NASDAQ:VLGEA) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Village Super Market (NASDAQ:VLGEA) from a "buy" to a "strong-buy," while Weiss Ratings reaffirmed a "buy (b)," leaving the consensus rating at "Buy."
• In the latest quarter the company reported EPS $1.21 on revenue of $640.96 million; the stock trades near a market cap of $603.3 million with a P/E of 10.91 and a one‑year range of $30.08–$41.04.
• About 39.02% of shares are held by hedge funds and other institutions, and several managers (Empowered Funds, Connor Clark & Lunn, Geode, Franklin Resources) recently adjusted their stakes.

Village Super Market (NASDAQ:VLGEA - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "buy" rating to a "strong-buy" rating in a research note issued on Saturday.

Separately, Weiss Ratings restated a "buy (b)" rating on shares of Village Super Market in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of "Buy".

Village Super Market Stock Performance

Shares of VLGEA stock opened at $40.90 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.23. The firm has a market cap of $603.28 million, a P/E ratio of 10.91 and a beta of 0.49. The firm's 50 day moving average price is $37.02 and its 200-day moving average price is $35.92. Village Super Market has a one year low of $30.08 and a one year high of $41.04.

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

Institutional Investors Weigh In On Village Super Market

Several large investors have recently added to or reduced their stakes in VLGEA. Empowered Funds LLC boosted its position in Village Super Market by 7.5% in the 1st quarter. Empowered Funds LLC now owns 64,122 shares of the company's stock valued at $2,437,000 after buying an additional 4,459 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Village Super Market by 8.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,820 shares of the company's stock worth $1,225,000 after acquiring an additional 2,559 shares during the period. Geode Capital Management LLC raised its stake 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 acquiring an additional 5,972 shares in the last quarter. Intech Investment Management LLC purchased a new position in Village Super Market in the second quarter valued at $221,000. Finally, Franklin Resources Inc. boosted its holdings in Village Super Market by 5.6% in the second quarter. Franklin Resources Inc. now owns 6,868 shares of the company's stock valued at $264,000 after purchasing an additional 366 shares during the period. 39.02% of the stock is owned by hedge funds and other institutional investors.

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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