Village Super Market (NASDAQ:VLGEA) Earns Strong-Buy Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Village Super Market (NASDAQ:VLGEA – Get Rating) in a report published on Thursday. The brokerage issued a strong-buy rating on the stock.

Village Super Market Trading Down 1.3 %

Shares of NASDAQ:VLGEA opened at $22.90 on Thursday. The company has a market cap of $332.28 million, a P/E ratio of 10.13 and a beta of 0.30. The stock’s 50-day moving average is $22.92 and its 200-day moving average is $22.30. Village Super Market has a 52-week low of $19.09 and a 52-week high of $25.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.91 and a current ratio of 1.21.

Insider Activity

In other news, EVP John Sumas sold 4,000 shares of the firm’s stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $23.20, for a total value of $92,800.00. Following the sale, the executive vice president now directly owns 110,422 shares of the company’s stock, valued at $2,561,790.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 64.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Village Super Market

Several hedge funds have recently made changes to their positions in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in shares of Village Super Market by 23.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 41,673 shares of the company’s stock valued at $971,000 after buying an additional 8,011 shares during the period. MetLife Investment Management LLC bought a new stake in shares of Village Super Market in the fourth quarter valued at about $105,000. Lazard Asset Management LLC bought a new position in Village Super Market during the fourth quarter worth about $51,000. Money Concepts Capital Corp lifted its stake in Village Super Market by 12.1% during the fourth quarter. Money Concepts Capital Corp now owns 248,451 shares of the company’s stock worth $5,786,000 after purchasing an additional 26,854 shares during the period. Finally, Two Sigma Investments LP lifted its stake in Village Super Market by 133.9% during the fourth quarter. Two Sigma Investments LP now owns 27,592 shares of the company’s stock worth $643,000 after purchasing an additional 15,793 shares during the period. Institutional investors own 42.09% of the company’s stock.

Village Super Market Company Profile

(Get Rating)

Village Super Market, Inc operates a chain of retail sale of food and nonfood products. The company was founded by Nicholas Sumas and Perry Sumas in 1937 and is headquartered in Springfield, NJ.