Village Super Market (NASDAQ:VLGEA) Sets New 52-Week High – Here’s What Happened

Village Super Market, Inc. (NASDAQ:VLGEA) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $45.24 and last traded at $45.1550, with a volume of 17668 shares trading hands. The stock had previously closed at $44.19.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on VLGEA shares. Wall Street Zen upgraded Village Super Market from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Weiss Ratings raised shares of Village Super Market from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Village Super Market Stock Up 2.4%

The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $667.59 million, a price-to-earnings ratio of 11.85 and a beta of 0.42. The stock has a 50 day moving average of $42.18 and a 200 day moving average of $37.92.

Village Super Market (NASDAQ:VLGEA) last released 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 return on equity of 11.52% and a net margin of 2.37%.

Village Super Market Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Thursday, April 2nd were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, April 2nd. This represents a $1.00 annualized dividend and a yield of 2.2%. Village Super Market’s dividend payout ratio (DPR) is 26.18%.

Insiders Place Their Bets

In other Village Super Market news, CFO Orden John L. Van sold 8,000 shares of Village Super Market stock in a transaction on Friday, April 10th. The shares were sold at an average price of $43.88, for a total value of $351,040.00. Following the completion of the transaction, the chief financial officer owned 32,023 shares of the company’s stock, valued at $1,405,169.24. The trade was a 19.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CEO John James Sumas sold 12,702 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were sold at an average price of $43.16, for a total transaction of $548,218.32. Following the sale, the chief executive officer owned 36,050 shares of the company’s stock, valued at approximately $1,555,918. The trade was a 26.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 33,405 shares of company stock valued at $1,423,892 over the last 90 days. 59.12% of the stock is owned by company insiders.

Hedge Funds Weigh In On Village Super Market

A number of hedge funds and other institutional investors have recently bought and sold shares of VLGEA. Dimensional Fund Advisors LP raised its position in shares of Village Super Market by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 736,790 shares of the company’s stock worth $26,079,000 after purchasing an additional 4,170 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Village Super Market by 8.2% in the 3rd quarter. Vanguard Group Inc. now owns 502,457 shares of the company’s stock worth $18,772,000 after purchasing an additional 38,108 shares during the last quarter. Money Concepts Capital Corp boosted its position in Village Super Market by 5.7% during the 1st quarter. Money Concepts Capital Corp now owns 391,214 shares of the company’s stock valued at $16,521,000 after purchasing an additional 21,150 shares during the period. State Street Corp grew its stake in Village Super Market by 1.0% during the 4th quarter. State Street Corp now owns 202,842 shares of the company’s stock worth $7,230,000 after buying an additional 2,097 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Village Super Market by 29.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,492 shares of the company’s stock worth $6,176,000 after buying an additional 39,244 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors and hedge funds.

About Village Super Market

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.