Village Super Market (NASDAQ:VLGEA) Announces Quarterly Earnings Results

Village Super Market (NASDAQ:VLGEA) announced its earnings results on Wednesday. The company reported $1.21 EPS for the quarter, FiscalAI reports. The firm had revenue of $640.96 million for the quarter. Village Super Market had a return on equity of 11.64% and a net margin of 2.37%.

Village Super Market Price Performance

VLGEA stock opened at $40.90 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.17. The firm has a 50 day moving average price of $36.86 and a 200-day moving average price of $35.86. Village Super Market has a 52-week low of $30.08 and a 52-week high of $40.99. The firm has a market capitalization of $603.40 million, a price-to-earnings ratio of 10.91 and a beta of 0.49.

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 22nd. Stockholders of record on Thursday, January 1st were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date was Wednesday, December 31st. Village Super Market’s dividend payout ratio (DPR) is presently 26.67%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “buy (b)” rating on shares of Village Super Market in a report on Tuesday, January 27th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Village Super Market currently has a consensus rating of “Buy”.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VLGEA. Farther Finance Advisors LLC grew its stake in shares of Village Super Market by 121.9% in the fourth quarter. Farther Finance Advisors LLC now owns 932 shares of the company’s stock worth $33,000 after acquiring an additional 512 shares during the last quarter. Ameritas Investment Partners Inc. boosted its stake in Village Super Market by 45.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 934 shares of the company’s stock worth $36,000 after purchasing an additional 294 shares in the last quarter. CANADA LIFE ASSURANCE Co grew its position in Village Super Market by 60.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock valued at $42,000 after purchasing an additional 451 shares during the last quarter. State of Alaska Department of Revenue grew its position in Village Super Market by 319.0% during the 4th quarter. State of Alaska Department of Revenue now owns 1,760 shares of the company’s stock valued at $61,000 after purchasing an additional 1,340 shares during the last quarter. Finally, State of Wyoming bought a new stake in Village Super Market during the 3rd quarter valued at about $64,000. Hedge funds and other 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.