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

Wall Street Zen upgraded shares of Village Super Market (NASDAQ:VLGEA) from a buy rating to a strong-buy rating in a research note published on Saturday morning.

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

Village Super Market Stock Up 3.2%

VLGEA opened at $40.90 on Friday. The firm has a market cap of $603.28 million, a price-to-earnings ratio of 10.91 and a beta of 0.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.23. The firm’s 50-day simple moving average is $37.02 and its 200-day simple moving average is $35.92. Village Super Market has a twelve month low of $30.08 and a twelve month high of $41.04.

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

Village Super Market Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 22nd. Stockholders of record on Thursday, January 1st were paid a $0.25 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.4%. Village Super Market’s dividend payout ratio (DPR) is 26.67%.

Institutional Investors Weigh In On Village Super Market

Hedge funds have recently added to or reduced their stakes in the stock. DGS Capital Management LLC increased its position in Village Super Market by 40.8% in the 4th quarter. DGS Capital Management LLC now owns 10,138 shares of the company’s stock valued at $359,000 after acquiring an additional 2,936 shares in the last quarter. Empowered Funds LLC lifted its position in shares of Village Super Market by 10.8% during the fourth quarter. Empowered Funds LLC now owns 78,748 shares of the company’s stock worth $2,787,000 after purchasing an additional 7,680 shares in the last quarter. Verdad Advisers LP bought a new stake in shares of Village Super Market during the fourth quarter valued at approximately $708,000. Man Group plc increased its holdings in shares of Village Super Market by 6.4% in the fourth quarter. Man Group plc now owns 25,679 shares of the company’s stock valued at $909,000 after purchasing an additional 1,548 shares in the last quarter. Finally, Bridgeway Capital Management LLC raised its position in Village Super Market by 5.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 144,998 shares of the company’s stock worth $5,132,000 after purchasing an additional 7,680 shares during 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.