Natural Grocers by Vitamin Cottage (NYSE:NGVC) Upgraded to Buy by ValuEngine

ValuEngine upgraded shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) from a hold rating to a buy rating in a report issued on Friday, ValuEngine reports.

NYSE NGVC traded up $0.47 during trading hours on Friday, reaching $9.40. The company’s stock had a trading volume of 78,000 shares, compared to its average volume of 102,175. The firm’s 50-day moving average price is $9.81 and its 200-day moving average price is $11.67. The company has a quick ratio of 0.23, a current ratio of 1.42 and a debt-to-equity ratio of 0.38. Natural Grocers by Vitamin Cottage has a 1 year low of $8.50 and a 1 year high of $24.50. The company has a market capitalization of $202.76 million, a price-to-earnings ratio of 25.41 and a beta of 1.09.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last posted its quarterly earnings results on Thursday, August 1st. The specialty retailer reported $0.09 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. Natural Grocers by Vitamin Cottage had a return on equity of 6.71% and a net margin of 1.13%. The company had revenue of $224.41 million for the quarter. Equities research analysts anticipate that Natural Grocers by Vitamin Cottage will post 0.4 EPS for the current fiscal year.

Institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace North America L.P. purchased a new stake in shares of Natural Grocers by Vitamin Cottage during the 2nd quarter worth approximately $106,000. Victory Capital Management Inc. raised its holdings in shares of Natural Grocers by Vitamin Cottage by 23.8% during the 1st quarter. Victory Capital Management Inc. now owns 11,908 shares of the specialty retailer’s stock worth $142,000 after acquiring an additional 2,288 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new stake in shares of Natural Grocers by Vitamin Cottage during the 2nd quarter worth approximately $129,000. Squarepoint Ops LLC purchased a new stake in shares of Natural Grocers by Vitamin Cottage during the 4th quarter worth approximately $197,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Natural Grocers by Vitamin Cottage during the 2nd quarter valued at $196,000. 35.47% of the stock is currently owned by institutional investors and hedge funds.

About Natural Grocers by Vitamin Cottage

Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company's stores offer natural and organic grocery products, such as organic produce; bulk food products; private label products; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.

Recommended Story: How do candlesticks reflect price movement?

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Natural Grocers by Vitamin Cottage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Grocers by Vitamin Cottage and related companies with MarketBeat.com's FREE daily email newsletter.