Village Super Market (NASDAQ:VLGEA) Lowered to Hold Rating by Wall Street Zen

Village Super Market (NASDAQ:VLGEA) was downgraded by Wall Street Zen from a “strong-buy” rating to a “hold” rating in a report released on Saturday.

Separately, Weiss Ratings downgraded shares of Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a report on Thursday. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy”.

Village Super Market Stock Up 2.9%

Village Super Market stock opened at $40.01 on Friday. Village Super Market has a fifty-two week low of $30.08 and a fifty-two week high of $48.21. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.99 and a current ratio of 1.17. The firm has a 50 day moving average price of $43.52 and a 200 day moving average price of $39.39. The company has a market capitalization of $590.15 million, a PE ratio of 10.87 and a beta of 0.43.

Village Super Market (NASDAQ:VLGEA) last posted its earnings results on Wednesday, June 3rd. The company reported $0.61 earnings per share for the quarter. Village Super Market had a net margin of 2.27% and a return on equity of 10.80%. The firm had revenue of $572.59 million during the quarter.

Insiders Place Their Bets

In other Village Super Market news, CFO Orden John L. Van sold 8,000 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $43.88, for a total transaction of $351,040.00. Following the sale, the chief financial officer owned 32,023 shares in the company, valued at $1,405,169.24. This represents a 19.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John James Sumas sold 12,702 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $43.16, for a total value of $548,218.32. Following the sale, the chief executive officer owned 36,050 shares in the company, valued at approximately $1,555,918. This trade represents a 26.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,405 shares of company stock worth $1,423,892 in the last quarter. 59.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Village Super Market

Large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC increased its holdings in Village Super Market by 121.9% during the 4th quarter. Farther Finance Advisors LLC now owns 932 shares of the company’s stock worth $33,000 after purchasing an additional 512 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of Village Super Market by 60.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock worth $42,000 after purchasing an additional 451 shares in the last quarter. State of Alaska Department of Revenue grew its stake in shares of Village Super Market by 319.0% during the fourth quarter. State of Alaska Department of Revenue now owns 1,760 shares of the company’s stock worth $61,000 after purchasing an additional 1,340 shares in the last quarter. State of Wyoming acquired a new position in shares of Village Super Market during the third quarter worth $64,000. Finally, Morton Brown Family Wealth LLC acquired a new position in shares of Village Super Market during the first quarter worth $77,000. Hedge funds and other institutional investors own 39.02% of the company’s stock.

Village Super Market Company Profile

Village Super Market, Inc is a publicly traded supermarket operator headquartered in Springfield, New Jersey. The company operates a network of ShopRite-branded grocery stores under a membership agreement with Wakefern Food Corp., one of the largest retailer-owned cooperatives in the United States. Through its ShopRite banner, Village Super Market serves communities across northern and central New Jersey, offering a full range of grocery products from fresh produce, meat, seafood and bakery items to dairy, deli and health and beauty merchandise.

The company’s supermarkets feature an array of in-store services designed to meet diverse customer needs.