Natural Grocers by Vitamin Cottage Stock Price Down 11.1% on Analyst Downgrade (NGVC)
Shares of Natural Grocers by Vitamin Cottage (NASDAQ:NGVC) traded down 11.1% on Friday after Piper Jaffray lowered their price target on the stock to $21.00, AnalystRatings.NET reports. Piper Jaffray currently has a neutral rating on the stock. Natural Grocers by Vitamin Cottage traded as low as $20.07 and last traded at $20.16, with a volume of 515,674 shares trading hands. The stock had previously closed at $22.68.
Several other analysts have also recently commented on the stock. Analysts at SunTrust cut their price target on shares of Natural Grocers by Vitamin Cottage from $35.00 to $32.00 in a research note on Friday. Separately, 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. Finally, 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $29.00.
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 P/E ratio of 42.31.
Natural Grocers by Vitamin Cottage (NASDAQ:NGVC) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.15 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.13 earnings per share. The company’s quarterly revenue 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.
Natural Grocers by Vitamin Cottage, Inc is a specialty retailer of natural and organic groceries and dietary supplements.
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