Village Super Market (NASDAQ:VLGEA) Share Price Passes Above 200-Day Moving Average – What’s Next?

Village Super Market, Inc. (NASDAQ:VLGEA) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.39 and traded as high as $35.59. Village Super Market shares last traded at $35.17, with a volume of 37,311 shares traded.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Village Super Market in a report on Thursday, October 30th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy”.

Village Super Market Price Performance

The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The stock has a market cap of $518.76 million, a price-to-earnings ratio of 9.38 and a beta of 0.53. The stock has a 50-day moving average price of $35.45 and a two-hundred day moving average price of $35.39.

Village Super Market Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 22nd. Stockholders of record on Thursday, January 1st were paid a dividend of $0.25 per share. The ex-dividend date was Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. Village Super Market’s payout ratio is presently 26.67%.

Institutional Trading of Village Super Market

A number of institutional investors have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC lifted its stake in shares of Village Super Market by 114.7% during the second quarter. Allspring Global Investments Holdings LLC now owns 106,601 shares of the company’s stock worth $4,104,000 after buying an additional 56,959 shares during the period. American Century Companies Inc. raised its stake in Village Super Market by 13.4% in the 2nd quarter. American Century Companies Inc. now owns 338,828 shares of the company’s stock worth $13,045,000 after acquiring an additional 40,163 shares during the last quarter. Morgan Dempsey Capital Management LLC lifted its position in Village Super Market by 41.8% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 3,713 shares of the company’s stock worth $143,000 after acquiring an additional 1,095 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in Village Super Market by 8.7% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 31,820 shares of the company’s stock valued at $1,225,000 after purchasing an additional 2,559 shares during the last quarter. Finally, Hsbc Holdings PLC purchased a new stake in Village Super Market during the 2nd quarter valued at about $666,000. 39.02% of the stock is currently owned by institutional investors and hedge funds.

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.