Village Super Market (NASDAQ:VLGEA) Trading 6.4% Higher – Still a Buy?

Village Super Market, Inc. (NASDAQ:VLGEA) traded up 6.4% during trading on Wednesday . The company traded as high as $40.07 and last traded at $40.01. 44,158 shares were traded during mid-day trading, a decline of 13% from the average session volume of 50,639 shares. The stock had previously closed at $37.59.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wall Street Zen raised shares of Village Super Market from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Weiss Ratings raised shares of Village Super Market from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, Village Super Market currently has an average rating of “Strong Buy”.

Village Super Market Stock Performance

The stock has a market cap of $573.41 million, a price-to-earnings ratio of 10.56 and a beta of 0.43. The stock’s 50 day moving average is $43.54 and its two-hundred day moving average is $39.39. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13.

Village Super Market (NASDAQ:VLGEA) last issued its quarterly earnings results 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 net margin of 2.27% and a return on equity of 10.86%.

Village Super Market Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, April 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.6%. Village Super Market’s dividend payout ratio is currently 27.17%.

Insider Buying and Selling

In related news, CFO Orden John L. Van sold 8,000 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $43.88, for a total transaction of $351,040.00. Following the completion of the sale, the chief financial officer owned 32,023 shares in the company, valued at $1,405,169.24. This represents a 19.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John James Sumas sold 12,702 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $43.16, for a total transaction of $548,218.32. Following the completion of the sale, the chief executive officer owned 36,050 shares of the company’s stock, valued at $1,555,918. This trade represents a 26.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,405 shares of company stock worth $1,423,892 in the last 90 days. Company insiders own 59.12% of the company’s stock.

Institutional Trading of Village Super Market

Several hedge funds have recently made changes to their positions in VLGEA. Farther Finance Advisors LLC lifted its stake in shares of Village Super Market by 121.9% in the 4th 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 period. CANADA LIFE ASSURANCE Co lifted its stake in shares of Village Super Market by 60.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock worth $42,000 after acquiring an additional 451 shares during the period. State of Alaska Department of Revenue lifted its stake in shares of Village Super Market by 319.0% in the 4th quarter. State of Alaska Department of Revenue now owns 1,760 shares of the company’s stock worth $61,000 after acquiring an additional 1,340 shares during the period. State of Wyoming acquired a new stake in shares of Village Super Market in the 3rd quarter worth $64,000. Finally, Morton Brown Family Wealth LLC acquired a new stake in shares of Village Super Market in the 1st quarter worth $77,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Village Super Market Company Profile

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.