Village Super Market (NASDAQ:VLGEA) Sees Unusually-High Trading Volume – Here’s Why

Shares of Village Super Market, Inc. (NASDAQ:VLGEA) saw unusually-high trading volume on Friday . Approximately 23,165 shares traded hands during mid-day trading, a decline of 44% from the previous session’s volume of 41,268 shares.The stock last traded at $34.9650 and had previously closed at $35.68.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Village Super Market in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has an average rating of “Buy”.

Village Super Market Stock Performance

The company has a 50-day moving average of $34.71 and a 200-day moving average of $35.77. The company has a market cap of $516.85 million, a PE ratio of 9.34 and a beta of 0.53. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 0.13.

Village Super Market (NASDAQ:VLGEA) last posted its quarterly earnings data on Thursday, October 9th. The company reported $1.05 earnings per share (EPS) for the quarter. Village Super Market had a net margin of 2.37% and a return on equity of 11.64%. The firm had revenue of $599.67 million for the quarter.

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 22nd. Stockholders of record on Thursday, January 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Wednesday, December 31st. Village Super Market’s payout ratio is presently 26.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. boosted its holdings in shares of Village Super Market by 23.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,055 shares of the company’s stock worth $600,000 after buying an additional 3,094 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in Village Super Market in the third quarter worth about $959,000. Millennium Management LLC boosted its stake in Village Super Market by 224.9% in the third quarter. Millennium Management LLC now owns 45,727 shares of the company’s stock valued at $1,708,000 after acquiring an additional 31,654 shares during the last quarter. Bulldog Investors LLP boosted its stake in Village Super Market by 184.5% in the third quarter. Bulldog Investors LLP now owns 151,510 shares of the company’s stock valued at $5,660,000 after acquiring an additional 98,253 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of Village Super Market by 9.9% during the 3rd quarter. Alliancebernstein L.P. now owns 11,070 shares of the company’s stock valued at $414,000 after acquiring an additional 1,000 shares during the period. Institutional investors own 39.02% of the company’s stock.

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.