Village Super Market (NASDAQ:VLGEA) Shares Cross Below 200-Day Moving Average – Should You Sell?

Village Super Market, Inc. (NASDAQ:VLGEA)’s share price crossed below its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $42.25 and traded as low as $41.62. Village Super Market shares last traded at $41.72, with a volume of 73,142 shares trading hands.

Analyst Ratings Changes

Separately, Weiss Ratings raised Village Super Market from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Wednesday, October 28th. One equities research analyst has rated the stock with a Strong Buy rating. According to data from MarketBeat.com, the stock has an average rating of “Strong Buy”.

Village Super Market Stock Performance

The company has a current ratio of 1.14, a quick ratio of 0.87 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $44.07 and its two-hundred day moving average price is $42.25. The company has a market cap of $617.87 million, a P/E ratio of 11.75 and a beta of 0.45.

Village Super Market (NASDAQ:VLGEA) last announced its quarterly earnings data on Thursday, October 8th. The company reported $0.92 earnings per share (EPS) for the quarter. Village Super Market had a net margin of 2.18% and a return on equity of 10.23%. The company had revenue of $609.57 million for the quarter.

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Investors of record on Thursday, October 1st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Thursday, October 1st. Village Super Market’s dividend payout ratio (DPR) is presently 28.17%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Money Concepts Capital Corp increased its holdings in shares of Village Super Market by 5.7% in the first quarter. Money Concepts Capital Corp now owns 391,214 shares of the company’s stock valued at $16,521,000 after buying an additional 21,150 shares in the last quarter. Sei Investments Co. lifted its position in shares of Village Super Market by 96.3% during the 1st quarter. Sei Investments Co. now owns 28,526 shares of the company’s stock valued at $1,205,000 after acquiring an additional 13,994 shares during the last quarter. Tidal Investments LLC acquired a new stake in shares of Village Super Market during the 2nd quarter valued at $549,000. Bank of America Corp DE boosted its stake in shares of 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 acquiring an additional 11,480 shares in the last quarter. Finally, Great Lakes Advisors LLC bought a new stake in shares of Village Super Market during the 2nd quarter worth $407,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Village Super Market Company Profile

Village Super Market, Inc is a food retailer that operates supermarkets under the ShopRite and Fairway banners. Its stores offer a broad selection of groceries, including fresh produce, meat, seafood, dairy products, bakery items, prepared foods, household supplies and health and beauty products. Many locations also provide services such as pharmacies, catering, online grocery ordering and home delivery.

The company operates ShopRite supermarkets in New Jersey, New York and Maryland, along with Fairway Market stores in the New York City area.