Village Super Market (VLGEA) Upgraded at BidaskClub

BidaskClub upgraded shares of Village Super Market (NASDAQ:VLGEA) from a sell rating to a hold rating in a research note released on Tuesday morning, BidAskClub reports.

Shares of VLGEA stock opened at $27.73 on Tuesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.54 and a current ratio of 1.93. The stock has a market cap of $395.47 million, a PE ratio of 15.83 and a beta of 0.26. Village Super Market has a twelve month low of $23.75 and a twelve month high of $32.20.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 4th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, April 3rd. This represents a $1.00 annualized dividend and a yield of 3.61%.

In related news, Director Peter Lavoy sold 2,500 shares of the business’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $26.49, for a total value of $66,225.00. Following the sale, the director now directly owns 33,528 shares in the company, valued at approximately $888,156.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 31.63% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of VLGEA. Geode Capital Management LLC increased its stake in Village Super Market by 5.5% during the fourth quarter. Geode Capital Management LLC now owns 96,520 shares of the company’s stock worth $2,580,000 after purchasing an additional 5,062 shares during the period. Dimensional Fund Advisors LP increased its stake in Village Super Market by 3.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 726,521 shares of the company’s stock worth $19,427,000 after purchasing an additional 24,820 shares during the period. Public Employees Retirement System of Ohio increased its stake in Village Super Market by 5.7% during the fourth quarter. Public Employees Retirement System of Ohio now owns 17,164 shares of the company’s stock worth $459,000 after purchasing an additional 929 shares during the period. Legal & General Group Plc increased its stake in Village Super Market by 38.4% during the fourth quarter. Legal & General Group Plc now owns 1,884 shares of the company’s stock worth $50,000 after purchasing an additional 523 shares during the period. Finally, Metropolitan Life Insurance Co. NY purchased a new stake in Village Super Market during the fourth quarter worth about $79,000. Hedge funds and other institutional investors own 45.03% of the company’s stock.

Village Super Market Company Profile

Village Super Market, Inc operates a chain of supermarkets in the United States. Its stores feature specialty departments, such as an on-site bakery, an expanded delicatessen, various natural and organic foods, ethnic and international foods, prepared foods, and pharmacies. The company operates a chain of 30 ShopRite supermarkets, including 18 located in northern New Jersey, 8 located in southern New Jersey, 2 located in Maryland, 1 located in northeastern Pennsylvania, and 1 in Bronx, New York City.

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