Village Super Market (NASDAQ:VLGEA) Upgraded to “Strong-Buy” at Wall Street Zen

Village Super Market (NASDAQ:VLGEA) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Village Super Market in a research note on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Village Super Market presently has a consensus rating of “Buy”.

Village Super Market Stock Up 3.2%

VLGEA stock opened at $40.90 on Friday. The company’s 50 day moving average price is $37.02 and its 200 day moving average price is $35.92. The firm has a market capitalization of $603.28 million, a price-to-earnings ratio of 10.91 and a beta of 0.49. Village Super Market has a fifty-two week low of $30.08 and a fifty-two week high of $41.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.23.

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of VLGEA. Farther Finance Advisors LLC raised its stake in Village Super Market by 121.9% during the 4th quarter. Farther Finance Advisors LLC now owns 932 shares of the company’s stock worth $33,000 after acquiring an additional 512 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of Village Super Market by 45.9% during the second quarter. Ameritas Investment Partners Inc. now owns 934 shares of the company’s stock worth $36,000 after purchasing an additional 294 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Village Super Market by 60.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock worth $42,000 after purchasing an additional 451 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in shares of Village Super Market by 319.0% in 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 acquired a new stake in shares of Village Super Market in the 3rd quarter valued at about $64,000. 39.02% of the stock is owned by hedge funds and other institutional investors.

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.