Village Super Market (NASDAQ:VLGEA) Sees Large Volume Increase – Should You Buy?

Village Super Market, Inc. (NASDAQ:VLGEA) saw unusually-high trading volume on Tuesday . Approximately 53,309 shares were traded during mid-day trading, an increase of 2% from the previous session’s volume of 52,464 shares.The stock last traded at $44.42 and had previously closed at $44.24.

Wall Street Analyst Weigh In

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

Village Super Market Stock Performance

The firm has a fifty day simple moving average of $42.81 and a 200-day simple moving average of $42.22. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. The company has a market cap of $645.58 million, a PE ratio of 11.87 and a beta of 0.45.

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

Village Super Market Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend was Thursday, July 2nd. Village Super Market’s dividend payout ratio (DPR) is presently 27.17%.

Hedge Funds Weigh In On Village Super Market

Several institutional investors have recently bought and sold shares of the company. Money Concepts Capital Corp lifted its position in shares of Village Super Market by 10.3% during the 4th quarter. Money Concepts Capital Corp now owns 370,064 shares of the company’s stock valued at $13,098,000 after acquiring an additional 34,516 shares during the period. Sei Investments Co. boosted its stake in shares of Village Super Market by 96.3% during the 1st quarter. Sei Investments Co. now owns 28,526 shares of the company’s stock worth $1,205,000 after acquiring an additional 13,994 shares in the last quarter. Aegis Financial Corp acquired a new stake in shares of Village Super Market in the 4th quarter worth approximately $1,973,000. Lazard Asset Management LLC grew its holdings in shares of Village Super Market by 11.3% in the 1st quarter. Lazard Asset Management LLC now owns 44,431 shares of the company’s stock worth $1,876,000 after acquiring an additional 4,518 shares during the period. Finally, Bank of New York Mellon Corp increased its stake in Village Super Market by 0.9% in the 1st quarter. Bank of New York Mellon Corp now owns 101,646 shares of the company’s stock valued at $4,293,000 after purchasing an additional 930 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

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.