Natural Grocers by Vitamin Cottage (NGVC) Rating Increased to Buy at Zacks Investment Research

Natural Grocers by Vitamin Cottage (NYSE:NGVC) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday. The brokerage currently has a $9.50 price target on the specialty retailer’s stock. Zacks Investment Research‘s price objective points to a potential upside of 11.24% from the stock’s current price.

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. “

NGVC has been the subject of several other research reports. Deutsche Bank reduced their price target on shares of Natural Grocers by Vitamin Cottage from $8.00 to $6.00 and set a “hold” rating for the company in a research report on Friday, November 17th. Royal Bank of Canada reiterated a “hold” rating and issued a $11.00 price target on shares of Natural Grocers by Vitamin Cottage in a research report on Monday, November 20th. Finally, TheStreet upgraded shares of Natural Grocers by Vitamin Cottage from a “d+” rating to a “c” rating in a research report on Friday, December 1st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Natural Grocers by Vitamin Cottage presently has a consensus rating of “Hold” and a consensus price target of $8.83.

Shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) traded up $0.12 during trading on Thursday, hitting $8.54. 49,182 shares of the stock traded hands, compared to its average volume of 95,393. Natural Grocers by Vitamin Cottage has a fifty-two week low of $4.79 and a fifty-two 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 firm has a market cap of $190.85, a PE ratio of 27.55, a price-to-earnings-growth ratio of 10.17 and a beta of 1.08.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last issued its earnings results on Thursday, November 16th. The specialty retailer reported $0.06 earnings per share (EPS) for the quarter, beating the 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 business had revenue of $198.50 million during the quarter, compared to analysts’ expectations of $193.76 million. During the same quarter in the prior year, the business posted $0.07 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. analysts expect that Natural Grocers by Vitamin Cottage will post 0.24 earnings per share for the current year.

A number of hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new stake in Natural Grocers by Vitamin Cottage in the 3rd quarter valued at $369,000. Dimensional Fund Advisors LP raised its position in 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 purchasing an additional 131,173 shares during the last quarter. Trexquant Investment LP purchased a new position in Natural Grocers by Vitamin Cottage during the 3rd quarter worth $125,000. JPMorgan Chase & Co. purchased a new position in Natural Grocers by Vitamin Cottage during the 3rd quarter worth $199,000. Finally, GMT Capital Corp purchased a new position in Natural Grocers by Vitamin Cottage during the 3rd quarter worth $509,000. Hedge funds and other institutional investors own 25.83% of the company’s stock.

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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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