Village Super Market (NASDAQ:VLGEA) Releases Earnings Results

Village Super Market (NASDAQ:VLGEA) posted its earnings results on Wednesday. The company reported $1.21 earnings per share (EPS) for the quarter, FiscalAI reports. Village Super Market had a net margin of 2.37% and a return on equity of 11.64%. The business had revenue of $640.96 million for the quarter.

Village Super Market Price Performance

NASDAQ:VLGEA traded up $0.41 during trading hours on Wednesday, hitting $40.90. The company’s stock had a trading volume of 32,922 shares, compared to its average volume of 45,798. The company has a market capitalization of $603.28 million, a PE ratio of 10.91 and a beta of 0.49. Village Super Market has a 52-week low of $30.08 and a 52-week high of $40.99. The business’s 50-day moving average is $36.77 and its two-hundred day moving average is $35.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.17.

Village Super Market Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 22nd. Investors of record on Thursday, January 1st were paid a $0.25 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. Village Super Market’s payout ratio is 26.67%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Village Super Market in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy”.

Institutional Investors Weigh In On Village Super Market

Several institutional investors have recently modified their holdings of VLGEA. Ameritas Investment Partners Inc. raised its holdings in Village Super Market by 45.9% during the second quarter. Ameritas Investment Partners Inc. now owns 934 shares of the company’s stock worth $36,000 after purchasing an additional 294 shares during the last quarter. Franklin Resources Inc. grew its stake in Village Super Market by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,192 shares of the company’s stock valued at $269,000 after acquiring an additional 324 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in Village Super Market by 60.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock valued at $42,000 after acquiring an additional 451 shares in the last quarter. Farther Finance Advisors LLC raised its position in Village Super Market by 121.9% during the fourth quarter. Farther Finance Advisors LLC now owns 932 shares of the company’s stock worth $33,000 after acquiring an additional 512 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Village Super Market by 6.6% in the second quarter. Russell Investments Group Ltd. now owns 8,896 shares of the company’s stock valued at $342,000 after purchasing an additional 547 shares during the last quarter. Hedge funds and other institutional investors own 39.02% of the company’s stock.

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.