Village Super Market (NASDAQ:VLGEA) Stock Crosses Above 200 Day Moving Average – What’s Next?

Village Super Market, Inc. (NASDAQ:VLGEA)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $40.72 and traded as high as $45.51. Village Super Market shares last traded at $44.49, with a volume of 79,493 shares trading hands.

Wall Street Analyst Weigh In

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

Village Super Market Trading Down 0.3%

The company has a market cap of $658.90 million, a price-to-earnings ratio of 12.09 and a beta of 0.45. The firm has a 50 day moving average price of $43.03 and a two-hundred day moving average price of $40.72. The company has a quick ratio of 0.88, a current ratio of 1.17 and a debt-to-equity ratio of 0.13.

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

Village Super Market Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Thursday, July 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, July 2nd. This represents a $1.00 annualized dividend and a dividend yield of 2.2%. Village Super Market’s dividend payout ratio is 27.17%.

Institutional Trading of Village Super Market

Large investors have recently bought and sold shares of the business. Aegis Financial Corp bought a new position in shares of Village Super Market during the 4th quarter worth approximately $1,973,000. Charles Schwab Investment Management Inc. increased its stake in shares of Village Super Market by 29.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 174,492 shares of the company’s stock valued at $6,176,000 after acquiring an additional 39,244 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Village Super Market by 8.2% in the 3rd quarter. Vanguard Group Inc. now owns 502,457 shares of the company’s stock valued at $18,772,000 after acquiring an additional 38,108 shares in the last quarter. Money Concepts Capital Corp lifted its position in shares of Village Super Market by 10.3% during the 4th quarter. Money Concepts Capital Corp now owns 370,064 shares of the company’s stock valued at $13,098,000 after acquiring an additional 34,516 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Village Super Market by 224.9% during the 3rd quarter. Millennium Management LLC now owns 45,727 shares of the company’s stock valued at $1,708,000 after acquiring an additional 31,654 shares during the period. 39.02% of the stock is currently owned by institutional investors and hedge funds.

About Village Super Market

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.