Village Super Market (NASDAQ:VLGEA) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Village Super Market, Inc. (NASDAQ:VLGEA)’s stock price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $43.00 and traded as high as $43.61. Village Super Market shares last traded at $42.08, with a volume of 33,763 shares.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. 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 downgraded Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Village Super Market Price Performance

The firm has a fifty day moving average of $43.00 and a two-hundred day moving average of $40.38. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $623.20 million, a PE ratio of 11.43 and a beta of 0.45.

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

Village Super Market Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, July 2nd. Village Super Market’s dividend payout ratio (DPR) is 27.17%.

Insiders Place Their Bets

In related news, EVP John Sumas sold 12,703 shares of the company’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $41.30, for a total value of $524,633.90. Following the completion of the sale, the executive vice president owned 102,938 shares of the company’s stock, valued at approximately $4,251,339.40. This represents a 10.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Orden John L. Van sold 8,000 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were sold at an average price of $43.88, for a total transaction of $351,040.00. Following the completion of the sale, the chief financial officer directly owned 32,023 shares of the company’s stock, valued at $1,405,169.24. This represents a 19.99% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 59.12% of the company’s stock.

Hedge Funds Weigh In On Village Super Market

Several institutional investors and hedge funds have recently bought and sold shares of VLGEA. Bulldog Investors LLP grew its position in Village Super Market by 184.5% in the third quarter. Bulldog Investors LLP now owns 151,510 shares of the company’s stock worth $5,660,000 after acquiring an additional 98,253 shares during the period. Aegis Financial Corp acquired a new stake in shares of Village Super Market in the fourth quarter valued at about $1,973,000. Charles Schwab Investment Management Inc. grew 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 acquiring an additional 39,244 shares in the last quarter. Vanguard Group Inc. lifted its stake 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 purchasing an additional 38,108 shares during the last quarter. Finally, Money Concepts Capital Corp increased its stake in Village Super Market by 10.3% during the fourth quarter. Money Concepts Capital Corp now owns 370,064 shares of the company’s stock valued at $13,098,000 after purchasing an additional 34,516 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

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.