Village Super Market (NASDAQ:VLGEA) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Village Super Market, Inc. (NASDAQ:VLGEA) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $42.46 and traded as high as $43.95. Village Super Market shares last traded at $42.98, with a volume of 43,772 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on VLGEA. Weiss Ratings restated a “buy (b)” rating on shares of Village Super Market in a research report on Tuesday. Wall Street Zen downgraded shares of Village Super Market from a “strong-buy” rating to a “hold” rating in a report on Saturday, June 6th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Village Super Market currently has a consensus rating of “Buy”.

Village Super Market Trading Up 1.7%

The stock has a fifty day moving average of $43.13 and a 200 day moving average of $42.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.88 and a current ratio of 1.17. The company has a market capitalization of $646.16 million, a PE ratio of 11.86 and a beta of 0.45.

Village Super Market (NASDAQ:VLGEA) last announced its quarterly earnings data on Wednesday, June 3rd. The company reported $0.61 earnings per share (EPS) for the quarter. The business had revenue of $572.59 million during the quarter. Village Super Market had a net margin of 2.27% and a return on equity of 10.80%.

Village Super Market Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Thursday, July 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Thursday, July 2nd. Village Super Market’s payout ratio is currently 27.17%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Aegis Financial Corp bought a new stake in shares of Village Super Market in the 4th quarter valued at approximately $1,973,000. Charles Schwab Investment Management Inc. boosted its stake in Village Super Market by 29.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 174,492 shares of the company’s stock worth $6,176,000 after buying an additional 39,244 shares during the period. Vanguard Group Inc. boosted its stake in Village Super Market by 8.2% during the third quarter. Vanguard Group Inc. now owns 502,457 shares of the company’s stock worth $18,772,000 after buying an additional 38,108 shares during the period. Money Concepts Capital Corp increased its position in Village Super Market by 10.3% during the fourth quarter. Money Concepts Capital Corp now owns 370,064 shares of the company’s stock valued at $13,098,000 after acquiring an additional 34,516 shares during the last quarter. Finally, Millennium Management LLC increased its position in Village Super Market by 224.9% during the third quarter. Millennium Management LLC now owns 45,727 shares of the company’s stock valued at $1,708,000 after acquiring an additional 31,654 shares during the last quarter. Institutional investors own 39.02% of the company’s stock.

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.