Natural Grocers by Vitamin Cottage (NGVC) Upgraded by Zacks Investment Research to “Buy”

Zacks Investment Research upgraded shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) from a hold rating to a buy rating in a report published on Thursday. Zacks Investment Research currently has $9.50 target price on the specialty retailer’s stock.

According to Zacks, “Natural Grocers by Vitamin Cottage is a specialty retailer of natural and organic groceries and dietary supplements. The Company provides healthy foods, vitamins, and supplements including allergy, aloe products, amino acids, antioxidants, animal products, beverages, medical, cleansing and clearance, weight loss, electrolytes, energy, cosmetics, natural, minerals, vitamins, pain relief, and supplements. It has locations primarily in Colorado, Texas, Utah, Wyoming, Oklahoma, Missouri, New Mexico, Montana, Kansas, Idaho, Nebraska and Arizona. Natural Grocers by Vitamin Cottage is based in Lakewood, Colorado. “

Several other brokerages also recently issued reports on NGVC. Deutsche Bank decreased their price objective on shares of Natural Grocers by Vitamin Cottage from $8.00 to $6.00 and set a hold rating for the company in a research note on Friday, November 17th. TheStreet raised shares of Natural Grocers by Vitamin Cottage from a d+ rating to a c rating in a research note on Friday, December 1st. Finally, Royal Bank of Canada reissued a hold rating and issued a $11.00 price objective on shares of Natural Grocers by Vitamin Cottage in a research note on Monday, November 20th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Natural Grocers by Vitamin Cottage has an average rating of Hold and an average price target of $8.83.

Shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) traded up $0.12 during trading hours on Thursday, hitting $8.54. 49,182 shares of the company were exchanged, compared to its average volume of 95,393. The company has a current ratio of 1.51, a quick ratio of 0.20 and a debt-to-equity ratio of 0.46. Natural Grocers by Vitamin Cottage has a 1 year low of $4.79 and a 1 year high of $13.79. The company has a market cap of $190.85, a P/E ratio of 27.55, a price-to-earnings-growth ratio of 10.17 and a beta of 1.08.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. Natural Grocers by Vitamin Cottage had a net margin of 0.90% and a return on equity of 5.25%. The firm had revenue of $198.50 million during the quarter, compared to the consensus estimate of $193.76 million. During the same quarter last year, the firm earned $0.07 EPS. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. equities research analysts predict that Natural Grocers by Vitamin Cottage will post 0.24 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL bought a new stake in Natural Grocers by Vitamin Cottage in the second quarter worth about $108,000. New York State Common Retirement Fund lifted its stake in Natural Grocers by Vitamin Cottage by 17.7% in the second quarter. New York State Common Retirement Fund now owns 15,284 shares of the specialty retailer’s stock worth $126,000 after purchasing an additional 2,293 shares during the last quarter. Nationwide Fund Advisors lifted its stake in Natural Grocers by Vitamin Cottage by 144.4% in the third quarter. Nationwide Fund Advisors now owns 17,941 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 10,600 shares during the last quarter. Trexquant Investment LP bought a new stake in Natural Grocers by Vitamin Cottage in the third quarter worth about $125,000. Finally, Schwab Charles Investment Management Inc. lifted its stake in Natural Grocers by Vitamin Cottage by 75.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 26,916 shares of the specialty retailer’s stock worth $223,000 after purchasing an additional 11,603 shares during the last quarter. 25.83% of the stock is owned by institutional investors and hedge funds.

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Natural Grocers by Vitamin Cottage Company Profile

Natural Grocers By Vitamin Cottage Inc (Natural Grocers) is a specialty retailer of natural and organic groceries and dietary supplements. The Company sells natural and organic groceries and dietary supplements. The Company’s grocery products include: bulk food and private label products, dry, frozen and canned groceries, meats and seafood, dairy products and dairy substitutes, prepared foods, bread and baked goods, and beverages.

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