Village Super Market (NASDAQ:VLGEA) Releases Earnings Results

Village Super Market (NASDAQ:VLGEA) issued its earnings results on Tuesday. The company reported $0.61 earnings per share (EPS) for the quarter, Zacks reports. Village Super Market had a net margin of 2.37% and a return on equity of 11.52%.

Village Super Market Stock Performance

Shares of NASDAQ:VLGEA opened at $37.59 on Wednesday. Village Super Market has a 12-month low of $30.08 and a 12-month high of $48.21. The company’s 50 day moving average price is $43.67 and its two-hundred day moving average price is $39.29. The firm has a market cap of $554.45 million, a PE ratio of 9.84 and a beta of 0.43. The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.13.

Village Super Market Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.7%. Village Super Market’s payout ratio is currently 26.18%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on VLGEA. Weiss Ratings upgraded Village Super Market from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, May 4th. Wall Street Zen raised Village Super Market from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. One analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Insider Activity

In other Village Super Market news, EVP John Sumas sold 12,703 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $41.30, for a total transaction of $524,633.90. Following the transaction, the executive vice president owned 102,938 shares in the company, valued at $4,251,339.40. This trade represents a 10.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 directly owned 32,023 shares of the company’s stock, valued at $1,405,169.24. This represents a 19.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 33,405 shares of company stock worth $1,423,892. Corporate insiders own 59.12% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CANADA LIFE ASSURANCE Co raised its stake in Village Super Market by 60.6% in the fourth 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 in the last quarter. BNP Paribas Financial Markets grew its stake in Village Super Market by 84.5% during the third quarter. BNP Paribas Financial Markets now owns 4,700 shares of the company’s stock worth $176,000 after buying an additional 2,152 shares in the last quarter. Creative Planning bought a new position in Village Super Market in the 3rd quarter valued at about $236,000. EntryPoint Capital LLC bought a new position in Village Super Market in the 4th quarter valued at about $242,000. Finally, Franklin Resources Inc. raised its position in shares of Village Super Market by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,192 shares of the company’s stock valued at $269,000 after buying an additional 324 shares in the last quarter. 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.