Village Super Market (NASDAQ:VLGEA) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Village Super Market, Inc. (NASDAQ:VLGEA) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $40.72 and traded as high as $45.51. Village Super Market shares last traded at $44.49, with a volume of 79,493 shares trading hands.

Analysts Set New Price Targets

Several research firms recently weighed in on VLGEA. Wall Street Zen downgraded shares of Village Super Market from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 6th. Weiss Ratings lowered shares of Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, Village Super Market currently has an average rating of “Buy”.

Village Super Market Stock Performance

The company has a market capitalization of $658.90 million, a PE ratio of 12.09 and a beta of 0.45. The stock’s 50-day simple moving average is $43.03 and its 200 day simple moving average is $40.72. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.17.

Village Super Market (NASDAQ:VLGEA) last announced its quarterly earnings results on Wednesday, June 3rd. The company reported $0.61 earnings per share (EPS) for the quarter. The company had revenue of $572.59 million during the quarter. Village Super Market had a return on equity of 10.80% and a net margin of 2.27%.

Village Super Market Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.2%. Village Super Market’s dividend payout ratio is currently 27.17%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in VLGEA. Aegis Financial Corp acquired a new stake in Village Super Market in the fourth quarter valued at $1,973,000. Charles Schwab Investment Management Inc. boosted its position in shares of Village Super Market by 29.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,492 shares of the company’s stock worth $6,176,000 after buying an additional 39,244 shares in the last quarter. Vanguard Group Inc. raised its position in Village Super Market by 8.2% during the third quarter. Vanguard Group Inc. now owns 502,457 shares of the company’s stock worth $18,772,000 after acquiring an additional 38,108 shares during the last quarter. Money Concepts Capital Corp raised its position in shares of Village Super Market by 10.3% during the 4th quarter. Money Concepts Capital Corp now owns 370,064 shares of the company’s stock worth $13,098,000 after purchasing an additional 34,516 shares during the last quarter. Finally, Millennium Management LLC increased its position in Village Super Market by 224.9% during the third quarter. Millennium Management LLC now owns 45,727 shares of the company’s stock worth $1,708,000 after buying an additional 31,654 shares in the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

About Village Super Market

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.