Systematic Financial Management LP Cuts Stake in Village Super Market, Inc. $VLGEA

Systematic Financial Management LP lessened its stake in shares of Village Super Market, Inc. (NASDAQ:VLGEA) by 9.1% during the first quarter, HoldingsChannel reports. The firm owned 405,312 shares of the company’s stock after selling 40,675 shares during the period. Systematic Financial Management LP’s holdings in Village Super Market were worth $17,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of VLGEA. Dimensional Fund Advisors LP grew its stake in shares of Village Super Market by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 736,790 shares of the company’s stock valued at $26,079,000 after buying an additional 4,170 shares in the last quarter. Vanguard Group Inc. lifted its position in Village Super Market by 8.2% during the 3rd quarter. Vanguard Group Inc. now owns 502,457 shares of the company’s stock worth $18,772,000 after acquiring an additional 38,108 shares in the last quarter. Money Concepts Capital Corp lifted 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 worth $16,521,000 after acquiring an additional 21,150 shares in the last quarter. State Street Corp lifted its position 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 acquiring an additional 2,097 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Village Super Market by 29.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,492 shares of the company’s stock worth $6,176,000 after acquiring an additional 39,244 shares during the period. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Village Super Market Stock Performance

NASDAQ:VLGEA opened at $42.62 on Friday. The firm has a 50-day moving average of $42.86 and a two-hundred day moving average of $40.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 0.88. The stock has a market cap of $631.20 million, a P/E ratio of 11.58 and a beta of 0.45. Village Super Market, Inc. has a 1-year low of $30.08 and a 1-year high of $48.21.

Village Super Market (NASDAQ:VLGEA) last announced its earnings results on Wednesday, June 3rd. The company reported $0.61 earnings per share (EPS) for the quarter. Village Super Market had a return on equity of 10.80% and a net margin of 2.27%.The business had revenue of $572.59 million for the quarter.

Village Super Market Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, July 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. Village Super Market’s dividend payout ratio is currently 27.17%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on VLGEA shares. Wall Street Zen downgraded shares of Village Super Market from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings cut shares of Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy”.

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.