Village Super Market (NASDAQ:VLGEA) Sees Unusually-High Trading Volume – Time to Buy?

Village Super Market, Inc. (NASDAQ:VLGEA) shares saw unusually-high trading volume on Monday . Approximately 65,045 shares traded hands during mid-day trading, an increase of 27% from the previous session’s volume of 51,135 shares.The stock last traded at $43.2050 and had previously closed at $43.04.

Analyst Ratings Changes

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

Village Super Market Stock Down 0.6%

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 firm’s 50-day simple moving average is $42.49 and its two-hundred day simple moving average is $41.90. The company has a market capitalization of $633.83 million, a price-to-earnings ratio of 11.63 and a beta of 0.45.

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

Village Super Market Announces Dividend

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

Institutional Trading of Village Super Market

Several large investors have recently bought and sold shares of VLGEA. Great Lakes Advisors LLC purchased a new position in shares of Village Super Market in the second quarter valued at $407,000. Bank of America Corp DE grew its stake in Village Super Market by 134.1% in the 1st quarter. Bank of America Corp DE now owns 20,039 shares of the company’s stock valued at $846,000 after acquiring an additional 11,480 shares during the last quarter. Empowered Funds LLC increased its holdings in Village Super Market by 8.4% during the 1st quarter. Empowered Funds LLC now owns 85,381 shares of the company’s stock valued at $3,606,000 after acquiring an additional 6,633 shares in the last quarter. Lazard Asset Management LLC increased its holdings in Village Super Market by 11.3% during the 1st quarter. Lazard Asset Management LLC now owns 44,431 shares of the company’s stock valued at $1,876,000 after acquiring an additional 4,518 shares in the last quarter. Finally, Sei Investments Co. raised its position in Village Super Market by 96.3% during the first quarter. Sei Investments Co. now owns 28,526 shares of the company’s stock worth $1,205,000 after acquiring an additional 13,994 shares during the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

About Village Super Market

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.