Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) was upgraded by equities research analysts at Wolfe Research from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, The Fly reports.

Several other research analysts have also recently weighed in on NGVC. Royal Bank Of Canada set a $14.00 target price on Natural Grocers by Vitamin Cottage and gave the company a “hold” rating in a research note on Tuesday, August 1st. Jefferies Group LLC set a $6.00 target price on Natural Grocers by Vitamin Cottage and gave the company a “hold” rating in a research note on Friday, August 4th. Finally, Zacks Investment Research raised Natural Grocers by Vitamin Cottage from a “sell” rating to a “hold” rating in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $11.60.

Shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) opened at 6.00 on Monday. Natural Grocers by Vitamin Cottage has a 12-month low of $5.50 and a 12-month high of $13.79. The firm has a market cap of $134.78 million, a P/E ratio of 14.63 and a beta of 0.88. The firm has a 50-day moving average price of $8.17 and a 200-day moving average price of $10.30.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its earnings results on Thursday, August 3rd. The specialty retailer reported $0.03 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.08. Natural Grocers by Vitamin Cottage had a net margin of 0.95% and a return on equity of 5.50%. The firm had revenue of $194.70 million for the quarter, compared to the consensus estimate of $196.26 million. During the same period in the prior year, the business earned $0.12 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Natural Grocers by Vitamin Cottage will post $0.32 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. increased its stake in shares of Natural Grocers by Vitamin Cottage by 171.0% in the first quarter. PNC Financial Services Group Inc. now owns 10,840 shares of the specialty retailer’s stock valued at $114,000 after buying an additional 6,840 shares in the last quarter. Wells Fargo & Company MN increased its stake in shares of Natural Grocers by Vitamin Cottage by 102.5% in the first quarter. Wells Fargo & Company MN now owns 13,086 shares of the specialty retailer’s stock valued at $136,000 after buying an additional 6,623 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Natural Grocers by Vitamin Cottage by 12.2% in the first quarter. Bank of Montreal Can now owns 14,720 shares of the specialty retailer’s stock valued at $153,000 after buying an additional 1,604 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Natural Grocers by Vitamin Cottage during the fourth quarter valued at approximately $277,000. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Natural Grocers by Vitamin Cottage by 75.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 26,916 shares of the specialty retailer’s stock valued at $223,000 after buying an additional 11,603 shares in the last quarter. 33.03% of the stock is owned by institutional investors and hedge funds.

About Natural Grocers by Vitamin Cottage

Natural Grocers By Vitamin Cottage Inc (Natural Grocers) is a specialty retailer of natural and organic groceries and dietary supplements. The Company sells natural and organic groceries and dietary supplements. The Company’s grocery products include: bulk food and private label products, dry, frozen and canned groceries, meats and seafood, dairy products and dairy substitutes, prepared foods, bread and baked goods, and beverages.

The Fly

Analyst Recommendations for Natural Grocers by Vitamin Cottage (NYSE:NGVC)

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