Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) was upgraded by investment analysts at Wolfe Research from an “underperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday, The Fly reports.

A number of other research analysts also recently weighed in on the stock. Jefferies Group LLC set a $6.00 target price on shares of Natural Grocers by Vitamin Cottage and gave the company a “hold” rating in a research report on Friday. Royal Bank Of Canada set a $14.00 target price on shares of Natural Grocers by Vitamin Cottage and gave the company a “hold” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research raised shares of Natural Grocers by Vitamin Cottage from a “sell” rating to a “hold” rating in a research report on Thursday, July 6th. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Natural Grocers by Vitamin Cottage has an average rating of “Hold” and a consensus target price of $11.60.

Shares of Natural Grocers by Vitamin Cottage (NYSE NGVC) opened at 5.63 on Monday. Natural Grocers by Vitamin Cottage has a 12 month low of $5.50 and a 12 month high of $13.79. The firm has a market capitalization of $126.47 million, a P/E ratio of 13.73 and a beta of 0.88. The firm’s 50-day moving average is $8.30 and its 200 day moving average is $10.36.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last released its earnings results on Thursday, August 3rd. The specialty retailer reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.08. Natural Grocers by Vitamin Cottage had a net margin of 0.95% and a return on equity of 5.50%. The company had revenue of $194.70 million for the quarter, compared to the consensus estimate of $196.26 million. During the same period in the prior year, the company earned $0.12 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts anticipate that Natural Grocers by Vitamin Cottage will post $0.37 EPS for the current year.

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Several hedge funds have recently made changes to their positions in the stock. Westfield Capital Management Co. LP acquired a new stake in shares of Natural Grocers by Vitamin Cottage during the first quarter worth approximately $6,762,000. River Road Asset Management LLC purchased a new stake in Natural Grocers by Vitamin Cottage during the third quarter valued at about $4,669,000. Royce & Associates LP boosted its stake in Natural Grocers by Vitamin Cottage by 87.8% in the fourth quarter. Royce & Associates LP now owns 571,000 shares of the specialty retailer’s stock valued at $6,789,000 after buying an additional 267,000 shares in the last quarter. Summit Creek Advisors LLC boosted its stake in Natural Grocers by Vitamin Cottage by 440.3% in the first quarter. Summit Creek Advisors LLC now owns 294,125 shares of the specialty retailer’s stock valued at $6,256,000 after buying an additional 239,685 shares in the last quarter. Finally, GW&K Investment Management LLC boosted its stake in Natural Grocers by Vitamin Cottage by 132.5% in the first quarter. GW&K Investment Management LLC now owns 339,151 shares of the specialty retailer’s stock valued at $7,214,000 after buying an additional 193,308 shares in the last quarter. Institutional investors own 33.03% of the company’s stock.

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.

The Fly

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

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