Village Super Market (VLGEA) Upgraded to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Village Super Market (NASDAQ:VLGEA) from a buy rating to a strong-buy rating in a research note published on Tuesday morning.

Separately, ValuEngine lowered shares of Village Super Market from a buy rating to a hold rating in a research note on Monday, April 2nd.

Shares of NASDAQ VLGEA opened at $27.23 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.61 and a quick ratio of 1.18. Village Super Market has a 12 month low of $21.95 and a 12 month high of $28.00. The firm has a market capitalization of $390.09, a price-to-earnings ratio of 14.14 and a beta of 0.25.

Village Super Market (NASDAQ:VLGEA) last issued its quarterly earnings data on Wednesday, March 7th. The company reported $0.85 EPS for the quarter. The business had revenue of $417.38 million during the quarter. Village Super Market had a net margin of 1.58% and a return on equity of 9.63%.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 26th. Investors of record on Thursday, April 5th will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.67%. The ex-dividend date is Wednesday, April 4th.

In other news, EVP John Sumas sold 7,000 shares of the firm’s stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $23.83, for a total transaction of $166,810.00. Following the sale, the executive vice president now owns 118,805 shares of the company’s stock, valued at approximately $2,831,123.15. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director David Judge sold 1,000 shares of the firm’s stock in a transaction dated Friday, April 13th. The shares were sold at an average price of $26.40, for a total transaction of $26,400.00. Following the sale, the director now directly owns 12,900 shares in the company, valued at approximately $340,560. The disclosure for this sale can be found here. Insiders have sold a total of 12,100 shares of company stock worth $302,645 over the last three months. 40.18% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new stake in shares of Village Super Market during the 3rd quarter valued at about $117,000. Tower Research Capital LLC TRC boosted its holdings in shares of Village Super Market by 308.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,559 shares of the company’s stock valued at $150,000 after acquiring an additional 4,953 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Village Super Market by 23.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,332 shares of the company’s stock valued at $191,000 after acquiring an additional 1,398 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Village Super Market during the 3rd quarter valued at about $250,000. Finally, Guggenheim Capital LLC purchased a new stake in shares of Village Super Market during the 4th quarter valued at about $290,000. 43.76% of the stock is currently owned by hedge funds and other institutional investors.

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Village Super Market Company Profile

Village Super Market, Inc operates a chain of supermarkets in the United States. Its stores feature specialty departments, such as an on-site bakery, an expanded delicatessen, various natural and organic foods, ethnic and international foods, prepared foods, and pharmacies. The company operates a chain of 29 ShopRite supermarkets, including 18 located in northern New Jersey, 8 located in southern New Jersey, 2 located in Maryland, and 1 located in northeastern Pennsylvania.

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