Village Super Market (NASDAQ:VLGEA) Sees Strong Trading Volume – Here’s What Happened

Village Super Market, Inc. (NASDAQ:VLGEA) saw unusually-strong trading volume on Tuesday . 53,309 shares changed hands during trading, an increase of 2% from the previous session’s volume of 52,464 shares.The stock last traded at $44.42 and had previously closed at $44.24.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Weiss Ratings downgraded Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a report on Thursday, June 4th. Wall Street Zen downgraded Village Super Market from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Village Super Market currently has an average rating of “Buy”.

Village Super Market Price Performance

The business’s fifty day moving average is $42.94 and its 200 day moving average is $42.30. The firm has a market capitalization of $646.46 million, a P/E ratio of 11.86 and a beta of 0.45. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13.

Village Super Market (NASDAQ:VLGEA) last issued its earnings results on Wednesday, June 3rd. The company reported $0.61 earnings per share (EPS) for the quarter. Village Super Market had a return on equity of 10.80% and a net margin of 2.27%.The business had revenue of $572.59 million for the quarter.

Village Super Market Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date was Thursday, July 2nd. Village Super Market’s payout ratio is presently 27.17%.

Hedge Funds Weigh In On Village Super Market

Large investors have recently made changes to their positions in the business. California State Teachers Retirement System increased its stake in shares of Village Super Market by 997.0% in the second quarter. California State Teachers Retirement System now owns 5,441 shares of the company’s stock worth $230,000 after acquiring an additional 4,945 shares during the last quarter. Great Lakes Advisors LLC acquired a new position in shares of Village Super Market during the second quarter worth approximately $407,000. Bank of America Corp DE boosted its holdings in Village Super Market by 134.1% in the 1st quarter. Bank of America Corp DE now owns 20,039 shares of the company’s stock valued at $846,000 after purchasing an additional 11,480 shares during the period. Empowered Funds LLC lifted its stake in shares of Village Super Market by 8.4% in the first quarter. Empowered Funds LLC now owns 85,381 shares of the company’s stock valued at $3,606,000 after buying an additional 6,633 shares during the period. Finally, Lazard Asset Management LLC grew its holdings in shares of Village Super Market by 11.3% during the 1st quarter. Lazard Asset Management LLC now owns 44,431 shares of the company’s stock worth $1,876,000 after purchasing an additional 4,518 shares in the last quarter. 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.