Natural Grocers by Vitamin Cottage (NGVC) Rating Lowered to Sell at Zacks Investment Research

Natural Grocers by Vitamin Cottage (NYSE:NGVC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

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. “

A number of other brokerages have also issued reports on NGVC. TheStreet upgraded Natural Grocers by Vitamin Cottage from a “d+” rating to a “c” rating in a research note on Friday, December 1st. Royal Bank of Canada upgraded Natural Grocers by Vitamin Cottage from a “sector perform” rating to an “outperform” rating and set a $11.00 target price for the company in a research note on Wednesday, January 31st. Barclays lowered Natural Grocers by Vitamin Cottage from an “equal weight” rating to an “underweight” rating in a research note on Monday. Jefferies Group restated a “hold” rating on shares of Natural Grocers by Vitamin Cottage in a research note on Friday, February 2nd. Finally, Deutsche Bank reduced their target price on Natural Grocers by Vitamin Cottage from $8.00 to $6.00 and set a “hold” rating for the company in a research note on Friday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Natural Grocers by Vitamin Cottage has a consensus rating of “Hold” and a consensus price target of $8.00.

Natural Grocers by Vitamin Cottage (NGVC) opened at $6.90 on Wednesday. The stock has a market capitalization of $154.21, a price-to-earnings ratio of 15.33, a P/E/G ratio of 9.88 and a beta of 0.97. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.53 and a quick ratio of 0.22. Natural Grocers by Vitamin Cottage has a 52 week low of $4.79 and a 52 week high of $12.65.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last issued its earnings results on Thursday, February 1st. The specialty retailer reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). The firm had revenue of $202.48 million during the quarter, compared to analysts’ expectations of $195.86 million. Natural Grocers by Vitamin Cottage had a return on equity of 4.25% and a net margin of 1.27%. analysts forecast that Natural Grocers by Vitamin Cottage will post 0.21 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GMT Capital Corp purchased a new position in shares of Natural Grocers by Vitamin Cottage during the 3rd quarter valued at about $509,000. Dimensional Fund Advisors LP raised its stake in shares of Natural Grocers by Vitamin Cottage by 29.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 448,490 shares of the specialty retailer’s stock valued at $3,709,000 after buying an additional 102,891 shares during the last quarter. Quantum Capital Management purchased a new position in shares of Natural Grocers by Vitamin Cottage during the 3rd quarter valued at about $1,040,000. Algert Global LLC purchased a new position in shares of Natural Grocers by Vitamin Cottage during the 4th quarter valued at about $243,000. Finally, Schwab Charles Investment Management Inc. raised its stake in shares of Natural Grocers by Vitamin Cottage by 75.8% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 26,916 shares of the specialty retailer’s stock valued at $223,000 after buying an additional 11,603 shares during the last quarter. Institutional investors and hedge funds own 25.79% of the company’s stock.

TRADEMARK VIOLATION WARNING: This news story was published by American Banking News and is owned by of American Banking News. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2018/02/14/natural-grocers-by-vitamin-cottage-ngvc-rating-lowered-to-sell-at-zacks-investment-research.html.

Natural Grocers by Vitamin Cottage Company Profile

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.

Get a free copy of the Zacks research report on Natural Grocers by Vitamin Cottage (NGVC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Natural Grocers by Vitamin Cottage Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Natural Grocers by Vitamin Cottage and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply