Village Super Market (NASDAQ:VLGEA) Shares Down 6% – Here’s What Happened

Shares of Village Super Market, Inc. (NASDAQ:VLGEA) were down 6% on Tuesday. The company traded as low as $42.83 and last traded at $43.2580. Approximately 7,615 shares changed hands during trading, a decline of 86% from the average session volume of 52,610 shares. The stock had previously closed at $46.00.

Analyst Ratings Changes

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

Village Super Market Price Performance

The stock has a market cap of $651.33 million, a PE ratio of 11.90 and a beta of 0.44. The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The business has a 50-day moving average price of $43.87 and a 200 day moving average price of $43.20.

Village Super Market (NASDAQ:VLGEA) last released its quarterly earnings data on Tuesday, October 6th. The company reported $0.92 earnings per share for 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 firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Thursday, October 1st will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. Village Super Market’s payout ratio is presently 27.17%.

Hedge Funds Weigh In On Village Super Market

Institutional investors have recently modified their holdings of the company. IFP Advisors Inc boosted its position in Village Super Market by 824.6% during the second quarter. IFP Advisors Inc now owns 1,729 shares of the company’s stock valued at $73,000 after buying an additional 1,542 shares during the period. Morton Brown Family Wealth LLC bought a new stake in shares of Village Super Market during the 1st quarter valued at $77,000. SG Americas Securities LLC grew its stake in shares of Village Super Market by 44.9% in the first quarter. SG Americas Securities LLC now owns 4,718 shares of the company’s stock worth $199,000 after acquiring an additional 1,461 shares during the last quarter. Ritholtz Wealth Management bought a new stake in shares of Village Super Market in the 1st quarter worth $216,000. Finally, DGS Capital Management LLC boosted its holdings in Village Super Market by 40.8% in the fourth quarter. DGS Capital Management LLC now owns 10,138 shares of the company’s stock worth $359,000 after purchasing an additional 2,936 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.

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.