Village Super Market Inc. (VLGEA) Announces Earnings Results
Village Super Market Inc. (NASDAQ:VLGEA) released its quarterly earnings data on Thursday. The company reported $0.60 earnings per share (EPS) for the quarter. The firm earned $437.30 million during the quarter, compared to analysts’ expectations of $405.75 million. Village Super Market had a return on equity of 9.00% and a net margin of 1.47%.
Shares of Village Super Market (NASDAQ:VLGEA) opened at 31.80 on Thursday. The company has a market capitalization of $449.24 million, a price-to-earnings ratio of 19.19 and a beta of 0.76. Village Super Market has a 1-year low of $23.29 and a 1-year high of $33.00. The stock has a 50 day moving average price of $31.74 and a 200 day moving average price of $28.45.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 6th will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.00 annualized dividend and a dividend yield of 3.14%. Village Super Market’s dividend payout ratio is currently 60.24%.
Separately, TheStreet raised Village Super Market from a “hold” rating to a “buy” rating in a research report on Friday, July 8th.
In related news, EVP John Sumas sold 5,000 shares of Village Super Market stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $29.18, for a total value of $145,900.00. Following the transaction, the executive vice president now directly owns 340,195 shares of the company’s stock, valued at $9,926,890.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Of Perry Sumas Estate sold 6,685 shares of Village Super Market stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $29.48, for a total transaction of $197,073.80. Following the completion of the transaction, the insider now directly owns 420,975 shares in the company, valued at $12,410,343. The disclosure for this sale can be found here. Insiders own 40.89% of the company’s stock.
About Village Super Market
Village Super Market, Inc is engaged in the retail sale of food and nonfood products. The Company operates a chain of approximately 29 ShopRite supermarkets of which around 18 are located in northern New Jersey, over eight in southern New Jersey, approximately two in Maryland and one in northeastern Pennsylvania.
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