Village Super Market (NASDAQ:VLGEA) Sees Strong Trading Volume – Still a Buy?

Village Super Market, Inc. (NASDAQ:VLGEA) saw unusually-high trading volume on Monday . 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.

Wall Street Analyst Weigh In

Several research firms have weighed in on VLGEA. Weiss Ratings cut Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a research note on Thursday, June 4th. Wall Street Zen lowered shares of 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 stock currently has a consensus rating of “Buy”.

Village Super Market Price Performance

The stock has a 50 day moving average of $42.63 and a two-hundred day moving average of $42.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.17. The firm has a market capitalization of $637.13 million, a P/E ratio of 11.69 and a beta of 0.45.

Village Super Market (NASDAQ:VLGEA) last posted its earnings results on Wednesday, June 3rd. The company reported $0.61 earnings per share (EPS) for the quarter. The business had revenue of $572.59 million 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd were given a dividend of $0.25 per share. The ex-dividend date was Thursday, July 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.3%. Village Super Market’s payout ratio is currently 27.17%.

Institutional Investors Weigh In On Village Super Market

Several large investors have recently modified their holdings of the stock. Aegis Financial Corp bought a new position in shares of Village Super Market during the fourth quarter worth about $1,973,000. Charles Schwab Investment Management Inc. lifted its stake in Village Super Market by 29.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,492 shares of the company’s stock valued at $6,176,000 after acquiring an additional 39,244 shares in the last quarter. Vanguard Group Inc. boosted its position in Village Super Market by 8.2% during the 3rd quarter. Vanguard Group Inc. now owns 502,457 shares of the company’s stock worth $18,772,000 after acquiring an additional 38,108 shares during the last quarter. Money Concepts Capital Corp boosted its position in Village Super Market by 10.3% during the 4th quarter. Money Concepts Capital Corp now owns 370,064 shares of the company’s stock worth $13,098,000 after acquiring an additional 34,516 shares during the last quarter. Finally, Millennium Management LLC boosted its position in Village Super Market by 224.9% during the 3rd quarter. Millennium Management LLC now owns 45,727 shares of the company’s stock worth $1,708,000 after acquiring an additional 31,654 shares during the last quarter. 39.02% of the stock is currently owned by institutional investors.

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.