Natural Grocers by Vitamin Cottage Inc. (NGVC) Announces Quarterly Earnings Results

Natural Grocers by Vitamin Cottage Inc. (NYSE:NGVC) issued its quarterly earnings data on Thursday. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. During the same quarter in the previous year, the firm posted $0.19 EPS. The business earned $179.27 million during the quarter, compared to the consensus estimate of $179.15 million. The company’s revenue for the quarter was up 13.0% compared to the same quarter last year. Natural Grocers by Vitamin Cottage updated its FY16 guidance to $0.50-0.56 EPS.

Shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) traded down 2.52% during trading on Thursday, hitting $13.15. 166,394 shares of the stock traded hands. The stock has a market cap of $295.91 million and a PE ratio of 20.32. The firm’s 50-day moving average price is $13.34 and its 200-day moving average price is $16.76. Natural Grocers by Vitamin Cottage has a 12 month low of $12.29 and a 12 month high of $28.67.

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Natural Grocers by Vitamin Cottage from a “sell” rating to a “hold” rating in a research report on Wednesday, July 20th. Jefferies Group reiterated a “buy” rating and issued a $19.00 price objective (down previously from $21.00) on shares of Natural Grocers by Vitamin Cottage in a research report on Thursday, May 19th. Piper Jaffray Cos. reiterated an “overweight” rating and issued a $21.00 price objective on shares of Natural Grocers by Vitamin Cottage in a research report on Monday, May 16th. Wedbush reiterated a “neutral” rating and issued a $16.00 price objective (up previously from $15.00) on shares of Natural Grocers by Vitamin Cottage in a research report on Friday, May 6th. Finally, Deutsche Bank AG dropped their target price on Natural Grocers by Vitamin Cottage from $20.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, April 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $21.78.

In other news, Director Richard Halle acquired 4,000 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were purchased at an average cost of $13.52 per share, for a total transaction of $54,080.00. Following the transaction, the director now directly owns 17,304 shares of the company’s stock, valued at $233,950.08. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Natural Grocers By Vitamin Cottage Inc (Natural Grocers) is a specialty retailer of natural and organic groceries and dietary supplements. The Company sells natural and organic groceries and dietary supplements. The Company’s grocery products include: bulk food and private label products, dry, frozen and canned groceries, meats and seafood, dairy products and dairy substitutes, prepared foods, bread and baked goods, and beverages.