Village Super Market Inc. (VLGEA) Releases Earnings Results
Village Super Market Inc. (NASDAQ:VLGEA) issued its quarterly earnings data on Thursday. The company reported $0.60 EPS for the quarter. The firm earned $437.30 million during the quarter, compared to the consensus estimate of $405.75 million. Village Super Market had a return on equity of 9.00% and a net margin of 1.47%.
Village Super Market (NASDAQ:VLGEA) opened at 31.69 on Friday. Village Super Market has a 12-month low of $23.29 and a 12-month high of $33.00. The company has a market capitalization of $447.68 million, a price-to-earnings ratio of 19.12 and a beta of 0.76. The stock has a 50 day moving average price of $31.76 and a 200 day moving average price of $28.48.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 27th. Stockholders of record on Thursday, October 6th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend is Tuesday, October 4th. Village Super Market’s dividend payout ratio is presently 60.24%.
Separately, TheStreet raised Village Super Market from a “hold” rating to a “buy” rating in a report on Friday, July 8th.
In other Village Super Market news, insider Of Perry Sumas Estate sold 2,600 shares of the firm’s stock in a transaction that occurred on Tuesday, September 6th. The shares were sold at an average price of $31.88, for a total value of $82,888.00. Following the completion of the sale, the insider now directly owns 385,905 shares in the company, valued at $12,302,651.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John Sumas sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $29.18, for a total transaction of $145,900.00. Following the completion of the sale, the executive vice president now owns 340,195 shares of the company’s stock, valued at $9,926,890.10. The disclosure for this sale can be found here. 40.89% of the stock is currently owned by company insiders.
Village Super Market Company Profile
Village Super Market, Inc is engaged in the retail sale of food and nonfood products. The Company operates a chain of approximately 29 ShopRite supermarkets of which around 18 are located in northern New Jersey, over eight in southern New Jersey, approximately two in Maryland and one in northeastern Pennsylvania.
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