Shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) were up 17.9% on Friday following a better than expected earnings announcement. The stock traded as high as $6.53 and last traded at $6.25. Approximately 877,031 shares changed hands during mid-day trading, an increase of 521% from the average daily volume of 141,196 shares. The stock had previously closed at $5.30.

The specialty retailer reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $198.50 million during the quarter, compared to analyst estimates of $193.76 million. Natural Grocers by Vitamin Cottage had a net margin of 0.90% and a return on equity of 5.28%. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.07 EPS.

Several equities research analysts have recently commented on NGVC shares. Deutsche Bank AG restated a “hold” rating and issued a $8.00 price objective (down from $12.00) on shares of Natural Grocers by Vitamin Cottage in a research note on Wednesday, August 9th. TheStreet downgraded shares of Natural Grocers by Vitamin Cottage from a “c” rating to a “d+” rating in a report on Monday, August 21st. Wolfe Research raised shares of Natural Grocers by Vitamin Cottage from an “underperform” rating to a “market perform” rating in a report on Monday, August 7th. Jefferies Group LLC set a $6.00 target price on shares of Natural Grocers by Vitamin Cottage and gave the stock a “hold” rating in a report on Friday, August 4th. Finally, Royal Bank Of Canada set a $14.00 target price on shares of Natural Grocers by Vitamin Cottage and gave the stock a “hold” rating in a report on Tuesday, August 1st. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $9.58.

In other Natural Grocers by Vitamin Cottage news, CFO Sandra Buffa sold 100,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $5.53, for a total transaction of $553,000.00. Following the completion of the transaction, the chief financial officer now owns 135,091 shares of the company’s stock, valued at approximately $747,053.23. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 60.30% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Royce & Associates LP lifted its holdings in shares of Natural Grocers by Vitamin Cottage by 25.8% in the 2nd quarter. Royce & Associates LP now owns 824,694 shares of the specialty retailer’s stock valued at $6,820,000 after acquiring an additional 169,046 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Natural Grocers by Vitamin Cottage by 165.4% in the 2nd quarter. Citadel Advisors LLC now owns 85,640 shares of the specialty retailer’s stock valued at $709,000 after acquiring an additional 53,375 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of Natural Grocers by Vitamin Cottage by 17.5% in the 2nd quarter. Westfield Capital Management Co. LP now owns 764,614 shares of the specialty retailer’s stock valued at $6,323,000 after acquiring an additional 113,759 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Natural Grocers by Vitamin Cottage by 32.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 345,599 shares of the specialty retailer’s stock valued at $3,591,000 after acquiring an additional 84,957 shares during the last quarter. Finally, Quantum Capital Management bought a new position in shares of Natural Grocers by Vitamin Cottage in the 3rd quarter valued at about $1,040,000. 32.09% of the stock is owned by hedge funds and other institutional investors.

The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.14 and a current ratio of 1.40. The stock has a market capitalization of $140.22, a price-to-earnings ratio of 20.16, a P/E/G ratio of 3.43 and a beta of 0.85.

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About Natural Grocers by Vitamin Cottage

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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