Village Super Market (NASDAQ:VLGEA) Shares Gap Up – Here’s What Happened

Village Super Market, Inc. (NASDAQ:VLGEA) shares gapped up prior to trading on Tuesday . The stock had previously closed at $43.23, but opened at $44.56. Village Super Market shares last traded at $44.1580, with a volume of 1,409 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Wall Street Zen lowered shares of Village Super Market from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings restated a “buy (b)” rating on shares of Village Super Market in a research note on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy”.

Village Super Market Price Performance

The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. The stock’s 50-day simple moving average is $43.30 and its two-hundred day simple moving average is $42.72. The company has a market capitalization of $657.79 million, a price-to-earnings ratio of 12.12 and a beta of 0.45.

Village Super Market Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. Village Super Market’s payout ratio is currently 27.17%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of VLGEA. Aegis Financial Corp acquired a new stake in Village Super Market in the 4th quarter worth about $1,973,000. Money Concepts Capital Corp raised its holdings in shares of Village Super Market by 5.7% during the first quarter. Money Concepts Capital Corp now owns 391,214 shares of the company’s stock valued at $16,521,000 after acquiring an additional 21,150 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Village Super Market by 96.3% during the first quarter. Sei Investments Co. now owns 28,526 shares of the company’s stock valued at $1,205,000 after acquiring an additional 13,994 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Village Super Market in the second quarter valued at approximately $549,000. Finally, Bank of America Corp DE lifted its position in shares of Village Super Market by 134.1% in the first quarter. Bank of America Corp DE now owns 20,039 shares of the company’s stock valued at $846,000 after acquiring an additional 11,480 shares in the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

Village Super Market Company Profile

Village Super Market, Inc is a supermarket operator headquartered in Springfield, New Jersey. The company primarily operates supermarkets under the ShopRite banner, offering a broad selection of grocery products, fresh produce, meat and seafood, dairy items, bakery goods, prepared foods, household merchandise and health and beauty products. Many of its stores also provide pharmacy services, catering, online ordering and home delivery.

The company serves shoppers primarily in the New York metropolitan area and the Mid-Atlantic region, with operations in New Jersey, New York and Pennsylvania.