Village Super Market (NASDAQ:VLGEA) Shares Up 3.3% – Here’s Why

Village Super Market, Inc. (NASDAQ:VLGEA)’s stock price rose 3.3% on Friday . The company traded as high as $36.68 and last traded at $37.19. Approximately 36,066 shares traded hands during trading, an increase of 28% from the average daily volume of 28,222 shares. The stock had previously closed at $36.00.

Village Super Market Price Performance

The firm has a market capitalization of $545.20 million, a price-to-earnings ratio of 10.65 and a beta of 0.30. The company’s fifty day moving average price is $33.50 and its 200 day moving average price is $32.17. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.86 and a current ratio of 1.13.

Village Super Market (NASDAQ:VLGEA) last posted its earnings results on Tuesday, March 4th. The company reported $1.14 EPS for the quarter. The company had revenue of $599.65 million during the quarter. Village Super Market had a return on equity of 12.15% and a net margin of 2.29%.

Village Super Market Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Shareholders of record on Thursday, April 3rd will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date is Thursday, April 3rd. Village Super Market’s payout ratio is 27.47%.

Institutional Trading of Village Super Market

A number of large investors have recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its position in Village Super Market by 4.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 23,931 shares of the company’s stock worth $761,000 after acquiring an additional 965 shares during the period. Rhumbline Advisers grew its position in Village Super Market by 8.2% in the 4th quarter. Rhumbline Advisers now owns 14,514 shares of the company’s stock valued at $463,000 after buying an additional 1,103 shares in the last quarter. Wells Fargo & Company MN increased its stake in Village Super Market by 21.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,409 shares of the company’s stock valued at $204,000 after buying an additional 1,112 shares during the period. Ellsworth Advisors LLC lifted its stake in shares of Village Super Market by 7.4% in the 4th quarter. Ellsworth Advisors LLC now owns 21,452 shares of the company’s stock worth $684,000 after acquiring an additional 1,471 shares during the period. Finally, Bank of America Corp DE boosted its holdings in shares of Village Super Market by 17.1% in the fourth quarter. Bank of America Corp DE now owns 10,326 shares of the company’s stock valued at $329,000 after acquiring an additional 1,511 shares in the last quarter. Institutional investors and hedge funds own 39.02% of the company’s stock.

About Village Super Market

Village Super Market, Inc operates a chain of supermarkets in the United States. The company offers grocery, meat, produce, dairy, deli, seafood, prepared foods, and bakery and frozen foods. It also provides non-food products, including health and beauty care, general merchandise, liquor, and pharmacy products through retail and online stores.