Citigroup Inc. began coverage on shares of Natural Grocers by Vitamin Cottage Inc. (NYSE:NGVC) in a research note published on Tuesday morning. The brokerage issued a buy rating and a $14.00 price objective on the stock.

Several other analysts have also weighed in on the company. Jefferies Group set a $15.00 price objective on Natural Grocers by Vitamin Cottage and gave the company a buy rating in a report on Saturday, October 1st. Zacks Investment Research raised Natural Grocers by Vitamin Cottage from a sell rating to a hold rating in a research report on Tuesday, September 27th. Finally, Barclays PLC initiated coverage on Natural Grocers by Vitamin Cottage in a research report on Friday, September 23rd. They set an equal weight rating and a $12.00 target price on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $19.82.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) traded up 0.25% during trading on Tuesday, hitting $12.11. The stock had a trading volume of 28,417 shares. The company has a 50 day moving average of $11.56 and a 200-day moving average of $13.69. The company has a market cap of $272.39 million, a P/E ratio of 21.25 and a beta of 0.97. Natural Grocers by Vitamin Cottage has a 12-month low of $10.63 and a 12-month high of $25.73.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.12 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. The business earned $179.27 million during the quarter, compared to analyst estimates of $179.15 million. Natural Grocers by Vitamin Cottage had a return on equity of 10.66% and a net margin of 1.88%. The company’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.19 earnings per share. On average, equities analysts predict that Natural Grocers by Vitamin Cottage will post $0.52 EPS for the current year.

In other news, Director Edward Cerkovnik bought 4,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The shares were bought at an average cost of $12.85 per share, with a total value of $51,400.00. Following the transaction, the director now directly owns 9,684 shares in the company, valued at approximately $124,439.40. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 60.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Natural Grocers by Vitamin Cottage by 0.5% in the second quarter. California State Teachers Retirement System now owns 19,126 shares of the company’s stock valued at $250,000 after buying an additional 100 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Natural Grocers by Vitamin Cottage by 3.9% in the second quarter. Bank of New York Mellon Corp now owns 59,767 shares of the company’s stock valued at $780,000 after buying an additional 2,267 shares during the last quarter. Kornitzer Capital Management Inc. KS raised its position in shares of Natural Grocers by Vitamin Cottage by 99.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 70,500 shares of the company’s stock valued at $920,000 after buying an additional 35,100 shares during the last quarter. Rice Hall James & Associates LLC raised its position in shares of Natural Grocers by Vitamin Cottage by 12.0% in the second quarter. Rice Hall James & Associates LLC now owns 104,496 shares of the company’s stock valued at $1,364,000 after buying an additional 11,208 shares during the last quarter. Finally, Stoneridge Investment Partners LLC purchased a new position in shares of Natural Grocers by Vitamin Cottage during the second quarter valued at $206,000. 31.30% of the stock is currently owned by institutional investors.

Natural Grocers by Vitamin Cottage Company Profile

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.

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