Wall Street Zen Upgrades Village Super Market (NASDAQ:VLGEA) to Strong-Buy

Village Super Market (NASDAQ:VLGEA) was upgraded by analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research note issued on Saturday.

Separately, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Village Super Market in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Village Super Market currently has an average rating of “Buy”.

Village Super Market Stock Performance

VLGEA opened at $40.90 on Friday. Village Super Market has a 12-month low of $30.08 and a 12-month high of $41.04. The stock has a market cap of $603.28 million, a price-to-earnings ratio of 10.91 and a beta of 0.49. The business has a 50 day moving average of $37.02 and a 200-day moving average of $35.92. The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.13.

Village Super Market (NASDAQ:VLGEA) last issued its earnings results on Wednesday, March 4th. The company reported $1.21 EPS for the quarter. The company had revenue of $640.96 million during the quarter. Village Super Market had a return on equity of 11.57% and a net margin of 2.37%.

Hedge Funds Weigh In On Village Super Market

Large investors have recently made changes to their positions in the company. Bulldog Investors LLP grew its holdings in Village Super Market by 184.5% in the 3rd quarter. Bulldog Investors LLP now owns 151,510 shares of the company’s stock valued at $5,660,000 after buying an additional 98,253 shares in the last quarter. TrueMark Investments LLC bought a new position in Village Super Market during the 3rd quarter worth $2,178,000. Aegis Financial Corp acquired a new stake in shares of Village Super Market during the fourth quarter worth $1,973,000. American Century Companies Inc. lifted its holdings in shares of Village Super Market by 13.4% during the second quarter. American Century Companies Inc. now owns 338,828 shares of the company’s stock worth $13,045,000 after buying an additional 40,163 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Village Super Market by 29.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 174,492 shares of the company’s stock worth $6,176,000 after buying an additional 39,244 shares in the last quarter. Institutional investors own 39.02% of the company’s stock.

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.