Village Super Market (NASDAQ:VLGEA) Shares Up 6.4% – Still a Buy?

Village Super Market, Inc. (NASDAQ:VLGEA) shares rose 6.4% during mid-day trading on Wednesday . The stock traded as high as $40.07 and last traded at $40.01. Approximately 44,158 shares were traded during trading, a decline of 13% from the average daily volume of 50,639 shares. The stock had previously closed at $37.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wall Street Zen raised shares of Village Super Market from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Weiss Ratings raised shares of Village Super Market from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Village Super Market Trading Up 5.2%

The firm has a market capitalization of $583.51 million, a price-to-earnings ratio of 10.36 and a beta of 0.43. The company has a fifty day moving average price of $43.67 and a 200-day moving average price of $39.29. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13.

Village Super Market (NASDAQ:VLGEA) last posted its earnings results on Tuesday, June 2nd. The company reported $0.61 earnings per share (EPS) for the quarter. Village Super Market had a net margin of 2.37% and a return on equity of 11.52%. The firm had revenue of $572.59 million during the quarter.

Village Super Market Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Thursday, April 2nd were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. Village Super Market’s dividend payout ratio is currently 26.18%.

Insider Buying and Selling

In other news, EVP John Sumas sold 12,703 shares of Village Super Market stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $41.30, for a total value of $524,633.90. Following the transaction, the executive vice president owned 102,938 shares of the company’s stock, valued at $4,251,339.40. This trade represents a 10.98% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO John James Sumas sold 12,702 shares of Village Super Market stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $43.16, for a total transaction of $548,218.32. Following the completion of the transaction, the chief executive officer directly owned 36,050 shares in the company, valued at approximately $1,555,918. This represents a 26.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 33,405 shares of company stock worth $1,423,892. 59.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Village Super Market

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP increased its stake in Village Super Market by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 736,790 shares of the company’s stock valued at $26,079,000 after acquiring an additional 4,170 shares during the period. Vanguard Group Inc. boosted its position in shares of Village Super Market by 8.2% in the 3rd 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. Money Concepts Capital Corp grew its stake in shares of Village Super Market by 5.7% during the first quarter. Money Concepts Capital Corp now owns 391,214 shares of the company’s stock worth $16,521,000 after purchasing an additional 21,150 shares during the period. State Street Corp increased its holdings in Village Super Market by 1.0% in the fourth quarter. State Street Corp now owns 202,842 shares of the company’s stock valued at $7,230,000 after purchasing an additional 2,097 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Village Super Market by 29.0% during the fourth 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 during the last quarter. Institutional investors own 39.02% of the company’s stock.

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.