Village Super Market (NASDAQ:VLGEA) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Village Super Market, Inc. (NASDAQ:VLGEA)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $37.69 and traded as high as $44.87. Village Super Market shares last traded at $44.68, with a volume of 47,721 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on VLGEA shares. Wall Street Zen raised Village Super Market from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Weiss Ratings raised Village Super Market from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Strong Buy”.

Village Super Market Stock Performance

The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13. The firm has a 50-day simple moving average of $41.88 and a two-hundred day simple moving average of $37.69. The company has a market capitalization of $659.03 million, a price-to-earnings ratio of 11.70 and a beta of 0.42.

Village Super Market (NASDAQ:VLGEA) last issued its earnings results on Wednesday, March 4th. The company reported $1.21 earnings per share for the quarter. Village Super Market had a return on equity of 11.52% and a net margin of 2.37%.The company had revenue of $640.96 million for the quarter.

Village Super Market Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, April 2nd. Village Super Market’s dividend payout ratio is presently 26.18%.

Insiders Place Their Bets

In other Village Super Market news, EVP John Sumas sold 12,703 shares of the company’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $41.30, for a total value of $524,633.90. Following the transaction, the executive vice president directly owned 102,938 shares of the company’s stock, valued at $4,251,339.40. This represents a 10.98% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John James Sumas sold 12,702 shares of the company’s stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $43.16, for a total value of $548,218.32. Following the completion of the transaction, the chief executive officer directly owned 36,050 shares in the company, valued at approximately $1,555,918. The trade was a 26.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 33,405 shares of company stock valued at $1,423,892 in the last three months. Insiders own 59.12% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Village Super Market by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 736,790 shares of the company’s stock worth $26,079,000 after purchasing an additional 4,170 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Village Super Market by 8.2% in the 3rd quarter. Vanguard Group Inc. now owns 502,457 shares of the company’s stock worth $18,772,000 after purchasing an additional 38,108 shares during the last quarter. Money Concepts Capital Corp lifted its holdings in Village Super Market by 5.7% in the 1st quarter. Money Concepts Capital Corp now owns 391,214 shares of the company’s stock worth $16,521,000 after purchasing an additional 21,150 shares during the last quarter. State Street Corp lifted its holdings in Village Super Market by 1.0% in the 4th quarter. State Street Corp now owns 202,842 shares of the company’s stock worth $7,230,000 after purchasing an additional 2,097 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in 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 worth $6,176,000 after purchasing an additional 39,244 shares during the last quarter. 39.02% of the stock is owned by institutional investors.

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.