Zacks Investment Research upgraded shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) from a sell rating to a hold rating in a research report report published on Thursday.

According to Zacks, “Natural Grocers by Vitamin Cottage is a specialty retailer of natural and organic groceries and dietary supplements. The Company provides healthy foods, vitamins, and supplements including allergy, aloe products, amino acids, antioxidants, animal products, beverages, medical, cleansing and clearance, weight loss, electrolytes, energy, cosmetics, natural, minerals, vitamins, pain relief, and supplements. It has locations primarily in Colorado, Texas, Utah, Wyoming, Oklahoma, Missouri, New Mexico, Montana, Kansas, Idaho, Nebraska and Arizona. Natural Grocers by Vitamin Cottage is based in Lakewood, Colorado. “

Several other research analysts also recently weighed in on the company. TheStreet downgraded Natural Grocers by Vitamin Cottage from a c rating to a d+ rating in a research note on Monday, August 21st. Citigroup Inc. cut their price target on Natural Grocers by Vitamin Cottage from $10.50 to $7.50 and set a buy rating for the company in a research note on Monday, August 14th. Deutsche Bank AG reiterated a hold rating and set a $8.00 price target (down previously from $12.00) on shares of Natural Grocers by Vitamin Cottage in a research note on Wednesday, August 9th. Wolfe Research upgraded Natural Grocers by Vitamin Cottage from an underperform rating to a market perform rating in a research note on Monday, August 7th. Finally, Jefferies Group LLC set a $6.00 price target on Natural Grocers by Vitamin Cottage and gave the stock a hold rating in a research note on Friday, August 4th. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $9.92.

Natural Grocers by Vitamin Cottage (NGVC) traded down 1.56% during trading on Thursday, hitting $5.67. 63,582 shares of the company traded hands. Natural Grocers by Vitamin Cottage has a 12-month low of $5.41 and a 12-month high of $13.79. The firm has a market capitalization of $127.20 million, a P/E ratio of 17.89 and a beta of 0.92. The stock has a 50-day moving average price of $5.73 and a 200-day moving average price of $8.31.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last posted its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.08). The firm had revenue of $194.70 million for the quarter, compared to the consensus estimate of $196.26 million. Natural Grocers by Vitamin Cottage had a return on equity of 5.50% and a net margin of 0.95%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS. Equities analysts expect that Natural Grocers by Vitamin Cottage will post $0.30 EPS for the current fiscal year.

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In related news, CFO Sandra Buffa sold 100,000 shares of the stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $5.53, for a total transaction of $553,000.00. Following the sale, the chief financial officer now owns 135,091 shares of the company’s stock, valued at approximately $747,053.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kemper Isely acquired 5,400 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were bought at an average cost of $6.19 per share, for a total transaction of $33,426.00. Following the acquisition, the insider now directly owns 3,118,302 shares in the company, valued at approximately $19,302,289.38. The disclosure for this purchase can be found here. Insiders have purchased a total of 14,393 shares of company stock worth $89,721 in the last three months. 60.30% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of NGVC. Tudor Investment Corp ET AL purchased a new stake in Natural Grocers by Vitamin Cottage during the 2nd quarter worth about $108,000. PNC Financial Services Group Inc. lifted its holdings in Natural Grocers by Vitamin Cottage by 171.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 10,840 shares of the specialty retailer’s stock worth $114,000 after purchasing an additional 6,840 shares in the last quarter. New York State Common Retirement Fund lifted its holdings in Natural Grocers by Vitamin Cottage by 17.7% during the 2nd quarter. New York State Common Retirement Fund now owns 15,284 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 2,293 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Natural Grocers by Vitamin Cottage by 102.5% during the 1st quarter. Wells Fargo & Company MN now owns 13,086 shares of the specialty retailer’s stock worth $136,000 after purchasing an additional 6,623 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in Natural Grocers by Vitamin Cottage by 12.2% during the 1st quarter. Bank of Montreal Can now owns 14,720 shares of the specialty retailer’s stock worth $153,000 after purchasing an additional 1,604 shares in the last quarter. 32.30% of the stock is currently owned by institutional investors and hedge funds.

Natural Grocers by Vitamin Cottage Company Profile

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.

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

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