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SunTrust decreased their price objective on shares of Natural Grocers by Vitamin Cottage (NASDAQ:NGVC) from $35.00 to $32.00 in a research note issued on Friday. SunTrust’s target price would suggest a potential upside of 54.66% from the company’s current price.

Shares of Natural Grocers by Vitamin Cottage (NASDAQ:NGVC) traded down 8.77% on Friday, hitting $20.69. 983,436 shares of the company’s stock traded hands. Natural Grocers by Vitamin Cottage has a 52-week low of $18.95 and a 52-week high of $44.60. The stock has a 50-day moving average of $22.51 and a 200-day moving average of $31.70. The company has a market cap of $465.0 million and a price-to-earnings ratio of 42.31.

Natural Grocers by Vitamin Cottage (NASDAQ:NGVC) last released its earnings data on Thursday, July 31st. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $134.00 million for the quarter, compared to the consensus estimate of $134.96 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was up 18.4% on a year-over-year basis. On average, analysts predict that Natural Grocers by Vitamin Cottage will post $0.60 earnings per share for the current fiscal year.

A number of other firms have also recently commented on NGVC. Analysts at Imperial Capital cut their price target on shares of Natural Grocers by Vitamin Cottage from $35.00 to $33.00 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Oppenheimer cut their price target on shares of Natural Grocers by Vitamin Cottage from $38.00 to $22.00 in a research note on Wednesday, June 18th. They now have a “market perform” rating on the stock. Finally, analysts at TheStreet downgraded shares of Natural Grocers by Vitamin Cottage from a “hold” rating to a “sell” rating in a research note on Monday, May 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $29.00.

Natural Grocers by Vitamin Cottage, Inc is a specialty retailer of natural and organic groceries and dietary supplements.

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