Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Thursday.

According to Zacks, “Natural Grocers by Vitamin Cottage is a specialty retailer of natural and organic groceries and dietary supplements. The Company provides healthy foods, vitamins, and supplements including allergy, aloe products, amino acids, antioxidants, animal products, beverages, medical, cleansing and clearance, weight loss, electrolytes, energy, cosmetics, natural, minerals, vitamins, pain relief, and supplements. It has locations primarily in Colorado, Texas, Utah, Wyoming, Oklahoma, Missouri, New Mexico, Montana, Kansas, Idaho, Nebraska and Arizona. Natural Grocers by Vitamin Cottage is based in Lakewood, Colorado. “

Several other research analysts also recently commented on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $15.00 price target on shares of Natural Grocers by Vitamin Cottage in a research note on Friday, June 30th. Jefferies Group LLC reissued a “hold” rating and set a $8.00 price target (down from $10.00) on shares of Natural Grocers by Vitamin Cottage in a research note on Friday, June 23rd. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $12.20.

Shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) opened at 8.14 on Thursday. The company has a market capitalization of $182.86 million, a price-to-earnings ratio of 19.85 and a beta of 0.86. The firm’s 50-day moving average is $9.31 and its 200-day moving average is $11.04. Natural Grocers by Vitamin Cottage has a 12-month low of $7.92 and a 12-month high of $14.21.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last posted its quarterly earnings results on Thursday, May 4th. The specialty retailer reported $0.13 EPS for the quarter, missing the consensus estimate of $0.16 by $0.03. The business had revenue of $197.20 million for the quarter, compared to analysts’ expectations of $197.65 million. Natural Grocers by Vitamin Cottage had a return on equity of 7.20% and a net margin of 1.25%. The company’s revenue was up 11.2% compared to the same quarter last year. During the same period last year, the business posted $0.16 earnings per share. On average, equities analysts predict that Natural Grocers by Vitamin Cottage will post $0.45 EPS for the current year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rockshelter Capital Management LLC increased its position in Natural Grocers by Vitamin Cottage by 0.3% in the first quarter. Rockshelter Capital Management LLC now owns 381,431 shares of the specialty retailer’s stock valued at $3,963,000 after buying an additional 1,120 shares during the period. Citadel Advisors LLC boosted its position in shares of Natural Grocers by Vitamin Cottage by 2.7% in the first quarter. Citadel Advisors LLC now owns 32,265 shares of the specialty retailer’s stock valued at $335,000 after buying an additional 847 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Natural Grocers by Vitamin Cottage by 32.6% in the first quarter. Dimensional Fund Advisors LP now owns 345,599 shares of the specialty retailer’s stock valued at $3,591,000 after buying an additional 84,957 shares in the last quarter. Kennedy Capital Management Inc. boosted its position in shares of Natural Grocers by Vitamin Cottage by 23.7% in the first quarter. Kennedy Capital Management Inc. now owns 298,178 shares of the specialty retailer’s stock valued at $3,098,000 after buying an additional 57,131 shares in the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Natural Grocers by Vitamin Cottage during the first quarter valued at about $312,000. 33.96% of the stock is currently owned by hedge funds and other institutional investors.

About Natural Grocers by Vitamin Cottage

Natural Grocers By Vitamin Cottage Inc (Natural Grocers) is a specialty retailer of natural and organic groceries and dietary supplements. The Company sells natural and organic groceries and dietary supplements. The Company’s grocery products include: bulk food and private label products, dry, frozen and canned groceries, meats and seafood, dairy products and dairy substitutes, prepared foods, bread and baked goods, and beverages.

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Analyst Recommendations for Natural Grocers by Vitamin Cottage (NYSE:NGVC)

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