Village Super Market (NASDAQ:VLGEA) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Village Super Market, Inc. (NASDAQ:VLGEA)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $35.39 and traded as high as $35.59. Village Super Market shares last traded at $35.17, with a volume of 37,311 shares.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Village Super Market in a report on Thursday, October 30th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Village Super Market presently has a consensus rating of “Buy”.

Village Super Market Trading Down 0.4%

The company has a current ratio of 1.17, a quick ratio of 0.88 and a debt-to-equity ratio of 0.13. The firm has a market cap of $518.76 million, a price-to-earnings ratio of 9.38 and a beta of 0.53. The company has a fifty day moving average price of $35.45 and a 200-day moving average price of $35.39.

Village Super Market Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 22nd. Stockholders of record on Thursday, January 1st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. Village Super Market’s dividend payout ratio (DPR) is presently 26.67%.

Institutional Trading of Village Super Market

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Village Super Market by 8.2% in the third quarter. Vanguard Group Inc. now owns 502,457 shares of the company’s stock valued at $18,772,000 after buying an additional 38,108 shares in the last quarter. American Century Companies Inc. grew its position in shares of Village Super Market by 13.4% during the 2nd quarter. American Century Companies Inc. now owns 338,828 shares of the company’s stock valued at $13,045,000 after acquiring an additional 40,163 shares during the period. Money Concepts Capital Corp increased its stake in shares of Village Super Market by 1.9% in the 3rd quarter. Money Concepts Capital Corp now owns 335,548 shares of the company’s stock valued at $12,536,000 after purchasing an additional 6,379 shares in the last quarter. Geode Capital Management LLC raised its holdings in Village Super Market by 3.3% in the 2nd quarter. Geode Capital Management LLC now owns 188,941 shares of the company’s stock worth $7,276,000 after purchasing an additional 5,972 shares during the period. Finally, Royce & Associates LP boosted its position in Village Super Market by 12.2% during the third quarter. Royce & Associates LP now owns 159,011 shares of the company’s stock worth $5,941,000 after purchasing an additional 17,338 shares in the last quarter. 39.02% of the stock is owned by hedge funds and other institutional investors.

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.