Natural Grocers by Vitamin Cottage (NYSE:NGVC) Reaches New 12-Month High – Here’s Why

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $32.49 and last traded at $32.49, with a volume of 7381 shares traded. The stock had previously closed at $30.57.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Natural Grocers by Vitamin Cottage from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Natural Grocers by Vitamin Cottage Price Performance

The stock has a market capitalization of $758.45 million, a P/E ratio of 24.65 and a beta of 1.23. The company has a current ratio of 0.96, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36. The company has a fifty day simple moving average of $27.59 and a two-hundred day simple moving average of $23.83.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.40 EPS for the quarter. The company had revenue of $309.08 million during the quarter. Natural Grocers by Vitamin Cottage had a return on equity of 18.89% and a net margin of 2.54%. Sell-side analysts expect that Natural Grocers by Vitamin Cottage, Inc. will post 1.31 EPS for the current fiscal year.

Institutional Trading of Natural Grocers by Vitamin Cottage

A number of large investors have recently bought and sold shares of the business. Bank of New York Mellon Corp increased its stake in Natural Grocers by Vitamin Cottage by 0.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 178,328 shares of the specialty retailer’s stock worth $3,781,000 after purchasing an additional 937 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Natural Grocers by Vitamin Cottage by 3.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 36,781 shares of the specialty retailer’s stock worth $1,092,000 after acquiring an additional 1,150 shares during the last quarter. EntryPoint Capital LLC acquired a new position in Natural Grocers by Vitamin Cottage during the 1st quarter worth approximately $36,000. Linden Thomas Advisory Services LLC boosted its position in Natural Grocers by Vitamin Cottage by 8.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 40,628 shares of the specialty retailer’s stock worth $861,000 after acquiring an additional 3,018 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its position in Natural Grocers by Vitamin Cottage by 3.7% during the 1st quarter. First Eagle Investment Management LLC now owns 84,951 shares of the specialty retailer’s stock worth $1,533,000 after acquiring an additional 3,050 shares during the last quarter. 31.99% of the stock is owned by institutional investors.

Natural Grocers by Vitamin Cottage Company Profile

Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company’s stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.