Short Interest in Village Super Market, Inc. (NASDAQ:VLGEA) Drops By 36.4%

Village Super Market, Inc. (NASDAQ:VLGEA) was the target of a large drop in short interest in May. As of May 29th, there was short interest totaling 121,391 shares, a drop of 36.4% from the May 14th total of 190,898 shares. Based on an average daily volume of 51,443 shares, the short-interest ratio is currently 2.4 days. Approximately 2.0% of the shares of the stock are short sold.

Insider Transactions at Village Super Market

In other news, CEO John James Sumas sold 12,702 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $43.16, for a total transaction of $548,218.32. Following the completion of the transaction, the chief executive officer directly owned 36,050 shares of the company’s stock, valued at $1,555,918. This trade represents a 26.05% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Orden John L. Van sold 8,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $43.88, for a total transaction of $351,040.00. Following the transaction, the chief financial officer directly owned 32,023 shares of the company’s stock, valued at approximately $1,405,169.24. This trade represents a 19.99% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 33,405 shares of company stock valued at $1,423,892 in the last ninety days. Corporate insiders own 59.12% of the company’s stock.

Institutional Trading of Village Super Market

Hedge funds have recently bought and sold shares of the company. Farther Finance Advisors LLC boosted 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 acquiring an additional 512 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in 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 acquiring an additional 451 shares during the last quarter. State of Alaska Department of Revenue boosted its position in 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 acquiring an additional 1,340 shares during the last quarter. Morton Brown Family Wealth LLC acquired a new stake in Village Super Market during the first quarter worth approximately $77,000. Finally, SG Americas Securities LLC acquired a new stake in Village Super Market during the fourth quarter worth approximately $115,000. Institutional investors and hedge funds own 39.02% of the company’s stock.

Analyst Ratings Changes

VLGEA has been the subject of a number of recent research reports. Wall Street Zen cut shares of Village Super Market from a “strong-buy” rating to a “hold” rating in a research note on Saturday, June 6th. Weiss Ratings cut shares of Village Super Market from a “buy (a-)” rating to a “buy (b)” rating in a research note on Thursday, June 4th. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy”.

Village Super Market Price Performance

Shares of NASDAQ VLGEA opened at $41.59 on Monday. Village Super Market has a 1 year low of $30.08 and a 1 year high of $48.21. The firm’s 50 day moving average price is $43.36 and its 200 day moving average price is $39.67. The firm has a market cap of $615.95 million, a P/E ratio of 11.30 and a beta of 0.43. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.17.

Village Super Market (NASDAQ:VLGEA) last announced its earnings results on Wednesday, June 3rd. The company reported $0.61 earnings per share (EPS) 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 for the quarter.

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.