Village Super Market (NASDAQ:VLGEA) Shares Pass Above 50-Day Moving Average – What’s Next?

Shares of Village Super Market, Inc. (NASDAQ:VLGEA) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $43.00 and traded as high as $43.61. Village Super Market shares last traded at $42.08, with a volume of 33,763 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Wall Street Zen cut Village Super Market from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings lowered Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a report on Thursday, June 4th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Village Super Market presently has an average rating of “Buy”.

Village Super Market Stock Performance

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 $628.24 million, a price-to-earnings ratio of 11.53 and a beta of 0.45. The stock’s 50-day moving average is $43.00 and its 200 day moving average is $40.44.

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

Village Super Market Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, July 2nd. Village Super Market’s dividend payout ratio (DPR) is currently 27.17%.

Insider Buying and Selling

In related news, CFO Orden John L. Van sold 8,000 shares of the company’s stock in a transaction on Friday, April 10th. The stock was sold at an average price of $43.88, for a total transaction of $351,040.00. Following the transaction, the chief financial officer 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Sumas sold 12,703 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $41.30, for a total value of $524,633.90. Following the completion of the transaction, the executive vice president owned 102,938 shares of the company’s stock, valued at $4,251,339.40. The trade was a 10.98% decrease in their position. The SEC filing for this sale provides additional information. 59.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Village Super Market

A number of institutional investors and hedge funds have recently made changes to their positions in VLGEA. Empowered Funds LLC lifted its stake in shares of Village Super Market by 7.5% in the first quarter. Empowered Funds LLC now owns 64,122 shares of the company’s stock valued at $2,437,000 after purchasing an additional 4,459 shares during the period. Rhumbline Advisers grew its position in Village Super Market by 4.8% during the second quarter. Rhumbline Advisers now owns 14,535 shares of the company’s stock worth $560,000 after buying an additional 671 shares during the period. Russell Investments Group Ltd. increased its holdings in Village Super Market by 6.6% in the second quarter. Russell Investments Group Ltd. now owns 8,896 shares of the company’s stock valued at $342,000 after buying an additional 547 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Village Super Market by 207.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 7,508 shares of the company’s stock valued at $289,000 after buying an additional 5,068 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in Village Super Market by 3.9% in the second quarter. First Trust Advisors LP now owns 20,917 shares of the company’s stock valued at $805,000 after buying an additional 783 shares in the last quarter. 39.02% of the stock is owned by institutional investors and hedge funds.

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.