Zacks Investment Research Downgrades Natural Grocers by Vitamin Cottage (NGVC) to Hold

Natural Grocers by Vitamin Cottage (NYSE:NGVC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

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. “

Other equities research analysts also recently issued reports about the stock. TheStreet raised shares of Natural Grocers by Vitamin Cottage from a “d+” rating to a “c” rating in a research report on Friday, December 1st. Royal Bank of Canada reaffirmed a “hold” rating and issued a $11.00 target price on shares of Natural Grocers by Vitamin Cottage in a research report on Monday, November 20th. Finally, Deutsche Bank dropped their target price on shares of Natural Grocers by Vitamin Cottage from $8.00 to $6.00 and set a “hold” rating on the stock in a research report on Friday, November 17th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $8.83.

Shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) traded up $0.12 during trading hours on Friday, hitting $8.54. 49,182 shares of the company’s stock were exchanged, compared to its average volume of 133,783. Natural Grocers by Vitamin Cottage has a 52 week low of $4.79 and a 52 week high of $13.79. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 1.51. The stock has a market cap of $190.85, a P/E ratio of 27.55, a PEG ratio of 10.02 and a beta of 1.08.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its quarterly earnings data on Thursday, November 16th. The specialty retailer reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. Natural Grocers by Vitamin Cottage had a net margin of 0.90% and a return on equity of 5.25%. The company had revenue of $198.50 million for the quarter, compared to the consensus estimate of $193.76 million. During the same period in the prior year, the firm posted $0.07 EPS. The company’s quarterly revenue was up 9.7% compared to the same quarter last year. research analysts expect that Natural Grocers by Vitamin Cottage will post 0.24 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Natural Grocers by Vitamin Cottage by 29.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 579,663 shares of the specialty retailer’s stock valued at $3,234,000 after buying an additional 131,173 shares during the last quarter. Quantum Capital Management purchased a new position in shares of Natural Grocers by Vitamin Cottage in the 3rd quarter valued at $1,040,000. State Street Corp grew its position in shares of Natural Grocers by Vitamin Cottage by 9.9% in the 2nd quarter. State Street Corp now owns 176,410 shares of the specialty retailer’s stock valued at $1,460,000 after buying an additional 15,843 shares during the last quarter. Northern Trust Corp grew its position in shares of Natural Grocers by Vitamin Cottage by 1.0% in the 2nd quarter. Northern Trust Corp now owns 103,603 shares of the specialty retailer’s stock valued at $857,000 after buying an additional 1,056 shares during the last quarter. Finally, GMT Capital Corp purchased a new position in shares of Natural Grocers by Vitamin Cottage in the 3rd quarter valued at $509,000. 25.83% of the stock is currently owned by hedge funds and other institutional investors.

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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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