Village Super Market (NASDAQ:VLGEA) Hits New 12-Month High – What’s Next?

Village Super Market, Inc. (NASDAQ:VLGEA)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $33.88 and last traded at $33.88, with a volume of 6507 shares traded. The stock had previously closed at $33.13.

Village Super Market Trading Up 0.7 %

The stock has a market capitalization of $492.25 million, a price-to-earnings ratio of 9.77 and a beta of 0.28. The company has a current ratio of 1.15, a quick ratio of 0.88 and a debt-to-equity ratio of 0.19. The company has a fifty day moving average of $31.05 and a two-hundred day moving average of $29.37.

Village Super Market (NASDAQ:VLGEA) last posted its quarterly earnings results on Tuesday, October 8th. The company reported $1.14 earnings per share (EPS) for the quarter. The firm had revenue of $578.24 million during the quarter. Village Super Market had a net margin of 2.26% and a return on equity of 12.14%.

Village Super Market Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a $1.00 annualized dividend and a dividend yield of 3.00%. Village Super Market’s dividend payout ratio (DPR) is currently 29.50%.

Insiders Place Their Bets

In related news, Director Kevin Begley sold 1,000 shares of Village Super Market stock in a transaction dated Wednesday, October 23rd. The stock was sold at an average price of $30.00, for a total value of $30,000.00. Following the completion of the sale, the director now directly owns 60,261 shares in the company, valued at $1,807,830. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 10,933 shares of company stock valued at $330,872. 64.35% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Village Super Market

Several institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. increased its stake in Village Super Market by 4.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 23,931 shares of the company’s stock valued at $761,000 after buying an additional 965 shares during the last quarter. Segall Bryant & Hamill LLC grew its stake in shares of Village Super Market by 209.4% in the third quarter. Segall Bryant & Hamill LLC now owns 40,655 shares of the company’s stock valued at $1,292,000 after buying an additional 27,516 shares in the last quarter. Empowered Funds LLC increased its holdings in Village Super Market by 5.2% during the third quarter. Empowered Funds LLC now owns 56,795 shares of the company’s stock worth $1,806,000 after buying an additional 2,814 shares during the last quarter. Victory Capital Management Inc. acquired a new stake in Village Super Market in the third quarter valued at $798,000. Finally, Cutter & CO Brokerage Inc. bought a new position in shares of Village Super Market in the 3rd quarter valued at about $213,000. 39.02% of the stock is owned by institutional investors.

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.