Village Super Market (NASDAQ:VLGEA) Announces Earnings Results

Village Super Market (NASDAQ:VLGEA) released its earnings results on Wednesday. The company reported $0.61 earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $572.59 million for the quarter. Village Super Market had a return on equity of 10.86% and a net margin of 2.27%.

Village Super Market Trading Down 1.7%

VLGEA opened at $38.87 on Friday. The company has a fifty day moving average price of $43.54 and a two-hundred day moving average price of $39.39. Village Super Market has a 1-year low of $30.08 and a 1-year high of $48.21. The company has a market cap of $573.41 million, a P/E ratio of 10.56 and a beta of 0.43. The company has a current ratio of 1.23, a quick ratio of 0.99 and a debt-to-equity ratio of 0.13.

Village Super Market Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Thursday, April 2nd. Village Super Market’s dividend payout ratio (DPR) is presently 27.17%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on VLGEA shares. Weiss Ratings raised shares of Village Super Market from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, May 4th. Wall Street Zen raised shares of Village Super Market from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. One equities research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company has a consensus rating of “Strong Buy”.

Insiders Place Their Bets

In related news, CFO Orden John L. Van sold 8,000 shares of the stock in a transaction on Friday, April 10th. The stock was sold at an average price of $43.88, for a total value of $351,040.00. Following the transaction, the chief financial officer directly owned 32,023 shares in the company, valued at $1,405,169.24. This trade represents a 19.99% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John James Sumas sold 12,702 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,555,918. The trade was a 26.05% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 33,405 shares of company stock worth $1,423,892. Corporate insiders own 59.12% of the company’s stock.

Institutional Investors Weigh In On Village Super Market

Several large investors have recently made changes to their positions in the business. CANADA LIFE ASSURANCE Co grew its holdings 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 valued at $42,000 after purchasing an additional 451 shares during the period. BNP Paribas Financial Markets lifted its position in shares of Village Super Market by 84.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,700 shares of the company’s stock valued at $176,000 after buying an additional 2,152 shares during the last quarter. Creative Planning bought a new position in shares of Village Super Market during the 3rd quarter worth $236,000. EntryPoint Capital LLC bought a new position in shares of Village Super Market during the 4th quarter worth $242,000. Finally, Franklin Resources Inc. increased its holdings in Village Super Market by 4.7% in the 3rd quarter. Franklin Resources Inc. now owns 7,192 shares of the company’s stock worth $269,000 after acquiring an additional 324 shares during the last quarter. 39.02% of the stock is owned by hedge funds and other 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.