Village Super Market, Inc. (NASDAQ:VLGEA) Sees Significant Decrease in Short Interest

Village Super Market, Inc. (NASDAQ:VLGEA) was the target of a large decrease in short interest in May. As of May 29th, there was short interest totaling 121,391 shares, a decrease of 36.4% from the May 14th total of 190,898 shares. Currently, 2.0% of the company’s stock are short sold. Based on an average trading volume of 51,443 shares, the days-to-cover ratio is presently 2.4 days.

Insider Buying and Selling at Village Super Market

In other news, EVP John Sumas sold 12,703 shares of the business’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $41.30, for a total value of $524,633.90. Following the completion of the transaction, the executive vice president directly owned 102,938 shares of the company’s stock, valued at $4,251,339.40. The trade was a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO John James Sumas sold 12,702 shares of the firm’s stock in a transaction on Wednesday, April 8th. The stock was sold at an average price of $43.16, for a total value of $548,218.32. Following the sale, the chief executive officer owned 36,050 shares in the company, valued at $1,555,918. This trade represents a 26.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 33,405 shares of company stock worth $1,423,892 over the last 90 days. Corporate insiders own 59.12% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in VLGEA. Farther Finance Advisors LLC increased its position in Village Super Market by 121.9% in the 4th quarter. Farther Finance Advisors LLC now owns 932 shares of the company’s stock valued at $33,000 after acquiring an additional 512 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in shares of Village Super Market by 60.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock valued at $42,000 after buying an additional 451 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Village Super Market by 319.0% during the fourth quarter. State of Alaska Department of Revenue now owns 1,760 shares of the company’s stock worth $61,000 after purchasing an additional 1,340 shares during the last quarter. Morton Brown Family Wealth LLC bought a new position in shares of Village Super Market during the first quarter valued at approximately $77,000. Finally, SG Americas Securities LLC bought a new stake in Village Super Market in the 4th quarter valued at about $115,000. 39.02% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have commented on VLGEA. Weiss Ratings cut Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a research note on Thursday, June 4th. Wall Street Zen lowered shares of Village Super Market from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 6th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Village Super Market has a consensus rating of “Buy”.

Village Super Market Stock Performance

NASDAQ VLGEA opened at $41.56 on Tuesday. The company has a market cap of $615.50 million, a P/E ratio of 11.12 and a beta of 0.43. The company has a fifty day simple moving average of $43.32 and a 200 day simple moving average of $39.72. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. Village Super Market has a 12-month low of $30.08 and a 12-month high of $48.21.

Village Super Market (NASDAQ:VLGEA) last posted its earnings results on Wednesday, June 3rd. The company reported $0.61 earnings per share for the quarter. The company had revenue of $572.59 million during the quarter. Village Super Market had a net margin of 2.27% and a return on equity of 10.80%.

Village Super Market Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, July 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. Village Super Market’s dividend payout ratio is presently 27.17%.

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.