Village Super Market (VLGEA) Upgraded to “Sell” by BidaskClub

Village Super Market (NASDAQ:VLGEA) was upgraded by equities researchers at BidaskClub from a “strong sell” rating to a “sell” rating in a report issued on Thursday.

Shares of Village Super Market (NASDAQ VLGEA) traded up $0.29 on Thursday, hitting $23.53. 22,443 shares of the company traded hands, compared to its average volume of 27,522. The company has a market capitalization of $338.57, a P/E ratio of 15.48 and a beta of 0.39. The company has a quick ratio of 1.22, a current ratio of 1.69 and a debt-to-equity ratio of 0.15. Village Super Market has a 12 month low of $21.95 and a 12 month high of $31.34.

Village Super Market (NASDAQ:VLGEA) last issued its earnings results on Tuesday, December 5th. The company reported $0.21 earnings per share (EPS) for the quarter. Village Super Market had a net margin of 1.36% and a return on equity of 7.55%. The company had revenue of $386.47 million for the quarter.

In related news, EVP John Sumas sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $23.50, for a total value of $117,500.00. Following the sale, the executive vice president now owns 130,605 shares in the company, valued at $3,069,217.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold 16,800 shares of company stock worth $394,518 in the last 90 days. 40.12% of the stock is currently owned by corporate insiders.

Several institutional investors have recently modified their holdings of VLGEA. Schwab Charles Investment Management Inc. boosted its stake in shares of Village Super Market by 8.7% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 83,346 shares of the company’s stock worth $2,161,000 after acquiring an additional 6,666 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Village Super Market by 6.2% during the 2nd quarter. Wells Fargo & Company MN now owns 32,606 shares of the company’s stock worth $846,000 after acquiring an additional 1,903 shares during the last quarter. Teachers Advisors LLC boosted its stake in shares of Village Super Market by 26.4% during the 2nd quarter. Teachers Advisors LLC now owns 14,147 shares of the company’s stock worth $367,000 after acquiring an additional 2,952 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of Village Super Market by 7.0% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 19,854 shares of the company’s stock worth $515,000 after acquiring an additional 1,297 shares during the last quarter. Finally, Citigroup Inc. boosted its stake in shares of Village Super Market by 696.8% during the 2nd quarter. Citigroup Inc. now owns 7,578 shares of the company’s stock worth $196,000 after acquiring an additional 6,627 shares during the last quarter. Institutional investors and hedge funds own 43.36% of the company’s stock.

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About Village Super Market

Village Super Market, Inc (Village) is engaged in retail sale of food and nonfood products. As of July 30, 2016, the Company operated a chain of 29 ShopRite supermarkets, 18 of which are located in northern New Jersey, eight in southern New Jersey, two in Maryland and one in northeastern Pennsylvania.

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