Village Super Market (NASDAQ:VLGEA) Sets New 12-Month High – Here’s What Happened

Village Super Market, Inc. (NASDAQ:VLGEA)’s share price reached a new 52-week high on Monday . The stock traded as high as $43.42 and last traded at $42.9140, with a volume of 36901 shares changing hands. The stock had previously closed at $43.10.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Village Super Market from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of Village Super Market in a research report on Tuesday, January 27th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Village Super Market currently has an average rating of “Buy”.

Village Super Market Stock Performance

The company has a market cap of $634.79 million, a PE ratio of 11.51 and a beta of 0.44. The business’s 50-day moving average is $39.97 and its 200 day moving average is $36.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 1.23.

Village Super Market (NASDAQ:VLGEA) last issued its earnings results on Wednesday, March 4th. The company reported $1.21 EPS for the quarter. The company had revenue of $640.96 million for the quarter. Village Super Market had a net margin of 2.37% and a return on equity of 11.57%.

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Thursday, April 2nd. Village Super Market’s dividend payout ratio (DPR) is presently 26.67%.

Hedge Funds Weigh In On Village Super Market

A number of hedge funds have recently modified their holdings of VLGEA. Empowered Funds LLC increased its position in shares of Village Super Market by 7.5% in the first quarter. Empowered Funds LLC now owns 64,122 shares of the company’s stock valued at $2,437,000 after acquiring an additional 4,459 shares during the period. Franklin Resources Inc. increased its position in shares of Village Super Market by 5.6% in the second quarter. Franklin Resources Inc. now owns 6,868 shares of the company’s stock valued at $264,000 after acquiring an additional 366 shares during the period. Rhumbline Advisers increased its position in shares of Village Super Market by 4.8% in the second quarter. Rhumbline Advisers now owns 14,535 shares of the company’s stock valued at $560,000 after acquiring an additional 671 shares during the period. Russell Investments Group Ltd. increased its position in shares of Village Super Market by 6.6% in the second quarter. Russell Investments Group Ltd. now owns 8,896 shares of the company’s stock valued at $342,000 after acquiring an additional 547 shares during the period. Finally, Hsbc Holdings PLC purchased a new position in shares of Village Super Market in the second quarter valued at about $666,000. 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.