Village Super Market (NASDAQ:VLGEA) Sets New 52-Week High – Still a Buy?

Village Super Market, Inc. (NASDAQ:VLGEA) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $46.55 and last traded at $46.49, with a volume of 47784 shares changing hands. The stock had previously closed at $45.17.

Wall Street Analysts Forecast Growth

Several equities 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 research note 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 data from MarketBeat, the company currently has an average rating of “Strong Buy”.

Village Super Market Stock Performance

The company has a quick ratio of 0.99, a current ratio of 1.23 and a debt-to-equity ratio of 0.13. The company has a market cap of $685.73 million, a PE ratio of 12.17 and a beta of 0.42. The stock’s 50 day simple moving average is $42.63 and its two-hundred day simple moving average is $38.30.

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

Village Super Market Announces Dividend

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

Insider Transactions at Village Super Market

In related news, CEO John James Sumas sold 12,702 shares of the firm’s stock in a transaction 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 sale, the chief executive officer directly owned 36,050 shares of the company’s stock, valued at approximately $1,555,918. This trade represents a 26.05% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP John Sumas sold 12,703 shares of the firm’s stock in a transaction on Tuesday, April 14th. The shares were sold at an average price of $41.30, for a total transaction of $524,633.90. Following the sale, the executive vice president directly owned 102,938 shares of the company’s stock, valued at approximately $4,251,339.40. The trade was a 10.98% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 33,405 shares of company stock valued at $1,423,892 over the last 90 days. Corporate insiders own 59.12% of the company’s stock.

Institutional Investors Weigh In On Village Super Market

A number of large investors have recently added to or reduced their stakes in VLGEA. Farther Finance Advisors LLC increased its position in shares of Village Super Market by 121.9% in the 4th quarter. Farther Finance Advisors LLC now owns 932 shares of the company’s stock worth $33,000 after purchasing an additional 512 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its position in shares of Village Super Market by 60.6% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company’s stock worth $42,000 after purchasing an additional 451 shares during the last quarter. State of Wyoming bought a new stake in shares of Village Super Market in the 3rd quarter worth about $64,000. State of Alaska Department of Revenue increased its position in shares of Village Super Market by 319.0% in the 4th quarter. State of Alaska Department of Revenue now owns 1,760 shares of the company’s stock worth $61,000 after purchasing an additional 1,340 shares during the last quarter. Finally, Morton Brown Family Wealth LLC bought a new stake in shares of Village Super Market in the 1st quarter worth about $77,000. 39.02% of the stock is owned by institutional investors and hedge funds.

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.