Village Super Market (NASDAQ:VLGEA) Cut to Buy (B+) at Weiss Ratings

Weiss Ratings cut shares of Village Super Market (NASDAQ:VLGEA) from a buy (a-) rating to a buy (b+) rating in a research note published on Wednesday morning,Weiss Ratings reports.

Separately, Wall Street Zen cut Village Super Market from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 9th. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Village Super Market Stock Performance

Shares of VLGEA opened at $31.77 on Wednesday. The stock has a 50-day simple moving average of $36.42 and a 200-day simple moving average of $36.67. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.78 and a current ratio of 1.06. The stock has a market capitalization of $468.93 million, a PE ratio of 8.36 and a beta of 0.53. Village Super Market has a 1 year low of $28.33 and a 1 year high of $40.15.

Village Super Market (NASDAQ:VLGEA) last announced its quarterly earnings data on Tuesday, October 7th. The company reported $1.05 earnings per share (EPS) for the quarter. The business had revenue of $599.67 million during the quarter. Village Super Market had a return on equity of 12.11% and a net margin of 2.43%.

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 2nd will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Thursday, October 2nd. Village Super Market’s dividend payout ratio (DPR) is 26.32%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. New York State Teachers Retirement System acquired a new position in Village Super Market during the second quarter worth approximately $30,000. Ameritas Investment Partners Inc. increased its position in Village Super Market by 45.9% during the second quarter. Ameritas Investment Partners Inc. now owns 934 shares of the company’s stock worth $36,000 after buying an additional 294 shares during the period. Abound Wealth Management acquired a new position in Village Super Market during the first quarter worth approximately $57,000. CWM LLC increased its position in Village Super Market by 41.5% during the second quarter. CWM LLC now owns 1,586 shares of the company’s stock worth $61,000 after buying an additional 465 shares during the period. Finally, GAMMA Investing LLC increased its position in Village Super Market by 8,860.7% during the first quarter. GAMMA Investing LLC now owns 2,509 shares of the company’s stock worth $95,000 after buying an additional 2,481 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Village Super Market Company Profile

Village Super Market, Inc operates a chain of supermarkets in the United States. The company offers grocery, meat, produce, dairy, deli, seafood, prepared foods, and bakery and frozen foods. It also provides non-food products, including health and beauty care, general merchandise, liquor, and pharmacy products through retail and online stores.