Village Super Market (NASDAQ:VLGEA) Shares Gap Up – Time to Buy?

Village Super Market, Inc. (NASDAQ:VLGEA) shares gapped up prior to trading on Tuesday . The stock had previously closed at $43.23, but opened at $44.56. Village Super Market shares last traded at $44.1580, with a volume of 1,409 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on VLGEA. Wall Street Zen cut shares of Village Super Market from a “strong-buy” rating to a “hold” rating in a research report on Saturday, June 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Village Super Market in a report on Tuesday, September 1st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy”.

Village Super Market Price Performance

The stock has a fifty day moving average of $43.37 and a 200-day moving average of $42.79. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $653.86 million, a price-to-earnings ratio of 12.00 and a beta of 0.45.

Village Super Market Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Thursday, October 1st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, October 1st. Village Super Market’s dividend payout ratio (DPR) is currently 27.17%.

Hedge Funds Weigh In On Village Super Market

Several large investors have recently bought and sold shares of the stock. Tidal Investments LLC acquired a new stake in shares of Village Super Market during the second quarter worth about $549,000. IFP Advisors Inc boosted its position in shares of Village Super Market by 824.6% in the 2nd quarter. IFP Advisors Inc now owns 1,729 shares of the company’s stock valued at $73,000 after purchasing an additional 1,542 shares during the period. Great Lakes Advisors LLC purchased a new position in Village Super Market during the 2nd quarter worth approximately $407,000. Bank of America Corp DE grew its stake in Village Super Market by 134.1% during the 1st quarter. Bank of America Corp DE now owns 20,039 shares of the company’s stock worth $846,000 after buying an additional 11,480 shares during the last quarter. Finally, Empowered Funds LLC increased its position in Village Super Market by 8.4% during the first quarter. Empowered Funds LLC now owns 85,381 shares of the company’s stock worth $3,606,000 after buying an additional 6,633 shares during the period. Institutional investors and hedge funds own 39.02% of the company’s stock.

Village Super Market Company Profile

Village Super Market, Inc is a supermarket operator headquartered in Springfield, New Jersey. The company primarily operates supermarkets under the ShopRite banner, offering a broad selection of grocery products, fresh produce, meat and seafood, dairy items, bakery goods, prepared foods, household merchandise and health and beauty products. Many of its stores also provide pharmacy services, catering, online ordering and home delivery.

The company serves shoppers primarily in the New York metropolitan area and the Mid-Atlantic region, with operations in New Jersey, New York and Pennsylvania.