Village Super Market (NASDAQ:VLGEA) Stock Price Passes Above Two Hundred Day Moving Average – Here’s Why

Village Super Market, Inc. (NASDAQ:VLGEA)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $37.69 and traded as high as $44.87. Village Super Market shares last traded at $44.68, with a volume of 47,721 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Wall Street Zen raised Village Super Market from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Weiss Ratings raised Village Super Market from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, Village Super Market has an average rating of “Strong Buy”.

Village Super Market Stock Performance

The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. The stock’s 50 day moving average price is $41.88 and its two-hundred day moving average price is $37.69. The firm has a market capitalization of $659.03 million, a price-to-earnings ratio of 11.70 and a beta of 0.42.

Village Super Market (NASDAQ:VLGEA) last posted its earnings results on Wednesday, March 4th. The company reported $1.21 earnings per share for the quarter. The company had revenue of $640.96 million for the quarter. Village Super Market had a return on equity of 11.52% and a net margin of 2.37%.

Village Super Market Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.00 annualized dividend and a yield of 2.2%. Village Super Market’s dividend payout ratio (DPR) is presently 26.18%.

Insider Buying and Selling at Village Super Market

In other Village Super Market news, CFO Orden John L. Van sold 8,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $43.88, for a total value of $351,040.00. Following the sale, the chief financial officer directly owned 32,023 shares of the company’s stock, valued at approximately $1,405,169.24. This trade represents a 19.99% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John James Sumas sold 12,702 shares of Village Super Market stock in a transaction dated Wednesday, April 8th. The shares were sold at an average price of $43.16, for a total value of $548,218.32. Following the completion of the sale, the chief executive officer owned 36,050 shares of the company’s stock, valued at $1,555,918. This trade represents a 26.05% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 33,405 shares of company stock worth $1,423,892. Corporate insiders own 59.12% of the company’s stock.

Hedge Funds Weigh In On Village Super Market

Hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. raised its holdings in shares of Village Super Market by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,192 shares of the company’s stock worth $269,000 after purchasing an additional 324 shares during the period. CANADA LIFE ASSURANCE Co increased its position in Village Super Market by 60.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock worth $42,000 after purchasing an additional 451 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Village Super Market by 2.6% in the first quarter. Janney Montgomery Scott LLC now owns 17,677 shares of the company’s stock valued at $747,000 after buying an additional 453 shares during the period. Farther Finance Advisors LLC lifted its position in Village Super Market by 121.9% during the fourth quarter. Farther Finance Advisors LLC now owns 932 shares of the company’s stock valued at $33,000 after buying an additional 512 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Village Super Market by 6.6% during the second quarter. Russell Investments Group Ltd. now owns 8,896 shares of the company’s stock worth $342,000 after buying an additional 547 shares during the period. Institutional investors and hedge funds 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.