Village Super Market (NASDAQ:VLGEA) Hits New 12-Month High – What’s Next?

Shares of Village Super Market, Inc. (NASDAQ:VLGEA) reached a new 52-week high during trading on Monday . The company traded as high as $43.42 and last traded at $42.9140, with a volume of 36901 shares changing hands. The stock had previously closed at $43.10.

Wall Street Analyst Weigh In

Several brokerages have commented on VLGEA. Weiss Ratings reiterated a “buy (b)” rating on shares of Village Super Market in a report on Tuesday, January 27th. Wall Street Zen upgraded shares of Village Super Market from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Village Super Market presently has a consensus rating of “Buy”.

Village Super Market Price Performance

The stock has a market capitalization of $636.18 million, a PE ratio of 11.49 and a beta of 0.44. The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The stock’s 50-day moving average is $39.64 and its 200 day moving average is $36.52.

Village Super Market (NASDAQ:VLGEA) last issued its earnings results on Wednesday, March 4th. The company reported $1.21 earnings per share (EPS) for the quarter. Village Super Market had a net margin of 2.37% and a return on equity of 11.57%. The company had revenue of $640.96 million during the quarter.

Village Super Market Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be paid a $0.25 dividend. The ex-dividend date is Thursday, April 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. Village Super Market’s payout ratio is 26.67%.

Institutional Investors Weigh In On Village Super Market

Several large investors have recently made changes to their positions in VLGEA. Dimensional Fund Advisors LP increased its holdings in Village Super Market by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 736,790 shares of the company’s stock worth $26,079,000 after buying an additional 4,170 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Village Super Market by 8.2% during the 3rd quarter. Vanguard Group Inc. now owns 502,457 shares of the company’s stock valued at $18,772,000 after purchasing an additional 38,108 shares in the last quarter. Money Concepts Capital Corp lifted its stake in shares of Village Super Market by 10.3% in the 4th quarter. Money Concepts Capital Corp now owns 370,064 shares of the company’s stock valued at $13,098,000 after purchasing an additional 34,516 shares during the last quarter. State Street Corp boosted its holdings in Village Super Market by 1.0% in the fourth quarter. State Street Corp now owns 202,842 shares of the company’s stock worth $7,230,000 after purchasing an additional 2,097 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Village Super Market by 29.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 174,492 shares of the company’s stock worth $6,176,000 after purchasing an additional 39,244 shares in the last quarter. Institutional investors 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.