Village Super Market (NASDAQ:VLGEA) Announces Earnings Results

Village Super Market (NASDAQ:VLGEA) issued its quarterly earnings results on Tuesday. The company reported $0.92 earnings per share for the quarter, Zacks reports. Village Super Market had a return on equity of 10.31% and a net margin of 2.18%.The firm had revenue of $609.57 million for the quarter.

Village Super Market Stock Up 0.2%

Shares of VLGEA opened at $43.82 on Thursday. The company has a market capitalization of $648.97 million, a price-to-earnings ratio of 12.34 and a beta of 0.44. Village Super Market has a 52 week low of $30.08 and a 52 week high of $48.21. The stock’s 50-day moving average price is $43.86 and its 200-day moving average price is $43.24. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 0.13.

Village Super Market Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 1st will be given 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 yield of 2.3%. Village Super Market’s dividend payout ratio (DPR) is currently 27.17%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b)” rating on shares of Village Super Market in a research report on Tuesday, September 1st. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy”.

Village Super Market Company Profile

Village Super Market, Inc is a supermarket operator headquartered in Springfield, New Jersey. The company operates retail grocery stores under the ShopRite and Fairway Market banners, serving customers in the northeastern United States.

Its supermarkets offer a broad selection of fresh produce, meat, seafood, dairy products, bakery items, prepared foods, packaged groceries, household merchandise and health and beauty products. Stores also provide services such as online grocery ordering, pickup and delivery, pharmacy services at select locations, and other customer-focused offerings.

Village Super Market has a long operating history dating to 1937 and is a member of Wakefern Food Corp., the cooperative that supplies and supports ShopRite supermarkets.