Village Super Market (NASDAQ:VLGEA) Share Price Crosses Above 50 Day Moving Average – Should You Sell?

Shares of Village Super Market, Inc. (NASDAQ:VLGEA) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $43.00 and traded as high as $43.61. Village Super Market shares last traded at $42.08, with a volume of 33,763 shares traded.

Wall Street Analyst Weigh In

A number of analysts have weighed in on VLGEA shares. Weiss Ratings lowered shares of Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a research report on Thursday, June 4th. Wall Street Zen cut Village Super Market from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy”.

Village Super Market Stock Performance

The company has a fifty day moving average price of $43.00 and a two-hundred day moving average price of $40.38. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.17 and a quick ratio of 0.88. The company has a market capitalization of $623.20 million, a P/E ratio of 11.43 and a beta of 0.45.

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

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be paid a $0.25 dividend. The ex-dividend date is Thursday, July 2nd. This represents a $1.00 annualized dividend and a dividend yield of 2.4%. Village Super Market’s dividend payout ratio (DPR) is presently 27.17%.

Insider Buying and Selling

In other Village Super Market news, EVP John Sumas sold 12,703 shares of the business’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $41.30, for a total transaction of $524,633.90. Following the sale, the executive vice president owned 102,938 shares of the company’s stock, valued at $4,251,339.40. The trade was a 10.98% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Orden John L. Van sold 8,000 shares of the business’s stock in a transaction on Friday, April 10th. The shares were sold at an average price of $43.88, for a total value of $351,040.00. Following the sale, the chief financial officer owned 32,023 shares in the company, valued at approximately $1,405,169.24. The trade was a 19.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 59.12% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Village Super Market

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC grew its position in Village Super Market by 121.9% during the fourth quarter. Farther Finance Advisors LLC now owns 932 shares of the company’s stock worth $33,000 after buying an additional 512 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of Village Super Market by 60.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock valued at $42,000 after acquiring an additional 451 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of Village Super Market by 319.0% during the 4th quarter. State of Alaska Department of Revenue now owns 1,760 shares of the company’s stock valued at $61,000 after acquiring an additional 1,340 shares during the last quarter. Morton Brown Family Wealth LLC purchased a new position in shares of Village Super Market during the first quarter worth about $77,000. Finally, SG Americas Securities LLC bought a new position in shares of Village Super Market in the fourth quarter worth approximately $115,000. 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.