Village Super Market (NASDAQ:VLGEA) Downgraded by BidaskClub

BidaskClub downgraded shares of Village Super Market (NASDAQ:VLGEA) from a hold rating to a sell rating in a research report released on Thursday morning, BidAskClub reports.

Separately, TheStreet upgraded Village Super Market from a c rating to an a- rating in a report on Monday, July 6th.

VLGEA stock opened at $25.25 on Thursday. Village Super Market has a 52-week low of $16.48 and a 52-week high of $28.71. The stock’s fifty day simple moving average is $26.46 and its 200-day simple moving average is $23.58. The company has a quick ratio of 0.91, a current ratio of 1.17 and a debt-to-equity ratio of 0.38. The stock has a market capitalization of $362.09 million, a price-to-earnings ratio of 16.19 and a beta of 0.15.

Village Super Market (NASDAQ:VLGEA) last posted its quarterly earnings data on Wednesday, June 3rd. The company reported $0.77 earnings per share (EPS) for the quarter. Village Super Market had a return on equity of 6.96% and a net margin of 1.30%. The business had revenue of $458.29 million for the quarter.

The company also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Thursday, July 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend was Wednesday, July 1st.

In related news, Director Peter Lavoy sold 3,000 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $25.63, for a total value of $76,890.00. Following the transaction, the director now directly owns 38,828 shares of the company’s stock, valued at approximately $995,161.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP John Sumas sold 4,277 shares of the stock in a transaction on Monday, July 20th. The stock was sold at an average price of $26.28, for a total value of $112,399.56. Following the completion of the transaction, the executive vice president now directly owns 115,018 shares in the company, valued at $3,022,673.04. The disclosure for this sale can be found here. Insiders sold a total of 18,000 shares of company stock worth $479,776 over the last ninety days. Corporate insiders own 30.96% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in VLGEA. Systematic Financial Management LP raised its position in Village Super Market by 111.6% in the first quarter. Systematic Financial Management LP now owns 368,630 shares of the company’s stock valued at $9,061,000 after purchasing an additional 194,445 shares during the period. State Street Corp increased its position in shares of Village Super Market by 45.4% during the first quarter. State Street Corp now owns 260,954 shares of the company’s stock worth $6,414,000 after acquiring an additional 81,425 shares during the last quarter. BlackRock Inc. increased its position in shares of Village Super Market by 5.3% during the first quarter. BlackRock Inc. now owns 617,327 shares of the company’s stock worth $15,175,000 after acquiring an additional 30,819 shares during the last quarter. Mackenzie Financial Corp increased its position in shares of Village Super Market by 301.5% during the first quarter. Mackenzie Financial Corp now owns 39,950 shares of the company’s stock worth $982,000 after acquiring an additional 30,000 shares during the last quarter. Finally, WINTON GROUP Ltd increased its position in shares of Village Super Market by 157.0% during the first quarter. WINTON GROUP Ltd now owns 38,671 shares of the company’s stock worth $951,000 after acquiring an additional 23,626 shares during the last quarter. 44.05% of the stock is currently owned by institutional investors.

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 30 ShopRite supermarkets, including 18 located in northern New Jersey, 8 located in southern New Jersey, 2 located in Maryland, 1 located in northeastern Pennsylvania, and 1 in Bronx, New York City.

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