Village Super Market (NASDAQ:VLGEA) Releases Earnings Results

Village Super Market (NASDAQ:VLGEA) posted its earnings results on Tuesday. The company reported $0.61 earnings per share (EPS) for the quarter, Zacks reports. Village Super Market had a net margin of 2.37% and a return on equity of 11.52%.

Village Super Market Price Performance

Shares of VLGEA traded down $6.24 during trading hours on Tuesday, hitting $40.22. 34,645 shares of the stock were exchanged, compared to its average volume of 43,029. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 1.23. Village Super Market has a 12-month low of $30.08 and a 12-month high of $48.21. The company has a market cap of $593.34 million, a price-to-earnings ratio of 10.61 and a beta of 0.42. The stock’s 50-day moving average price is $43.67 and its two-hundred day moving average price is $39.29.

Village Super Market Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Thursday, April 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. Village Super Market’s payout ratio is currently 26.18%.

Insider Buying and Selling at Village Super Market

In other news, CEO John James Sumas sold 12,702 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $43.16, for a total value of $548,218.32. Following the transaction, the chief executive officer directly owned 36,050 shares of the company’s stock, valued at approximately $1,555,918. This trade represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Orden John L. Van sold 8,000 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $43.88, for a total transaction of $351,040.00. Following the transaction, the chief financial officer owned 32,023 shares in the company, valued at $1,405,169.24. The trade was a 19.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 33,405 shares of company stock worth $1,423,892. Corporate insiders own 59.12% of the company’s stock.

Institutional Trading of Village Super Market

Hedge funds and other institutional investors have recently made changes to their positions in the company. Empowered Funds LLC boosted its position in shares of Village Super Market by 10.8% during the fourth quarter. Empowered Funds LLC now owns 78,748 shares of the company’s stock worth $2,787,000 after buying an additional 7,680 shares during the period. Verdad Advisers LP purchased a new stake in shares of Village Super Market in the 4th quarter valued at $708,000. Man Group plc raised its holdings in shares of Village Super Market by 6.4% in the 4th quarter. Man Group plc now owns 25,679 shares of the company’s stock valued at $909,000 after buying an additional 1,548 shares during the period. Bridgeway Capital Management LLC lifted its stake in Village Super Market by 5.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 144,998 shares of the company’s stock worth $5,132,000 after acquiring an additional 7,680 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in Village Super Market by 71.2% during the 4th quarter. AQR Capital Management LLC now owns 53,080 shares of the company’s stock worth $1,879,000 after acquiring an additional 22,081 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on VLGEA. Weiss Ratings raised Village Super Market from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Wall Street Zen raised Village Super Market from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

About Village Super Market

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.