Key Points
- CEO John James Sumas sold 12,702 shares on April 8 at an average price of $43.16 for $548,218.32, leaving him with 36,050 shares—a 26.05% decrease in his ownership.
- Village Super Market declared a quarterly dividend of $0.25 per share, payable April 23 to shareholders of record April 2 (ex-dividend April 2), equal to $1.00 annualized and a 2.3% yield.
- The company reported quarterly EPS of $1.21 on $640.96 million in revenue; the stock trades at a PE of 11.49 with a market cap of about $647.5 million.
Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) CEO John James Sumas sold 12,702 shares of the company's stock in a transaction that occurred on Wednesday, April 8th. The shares were sold at an average price of $43.16, for a total value of $548,218.32. Following the completion of the transaction, the chief executive officer directly owned 36,050 shares of the company's stock, valued at approximately $1,555,918. This represents a 26.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Village Super Market Stock Performance
VLGEA stock opened at $43.89 on Friday. The firm has a market cap of $647.47 million, a PE ratio of 11.49 and a beta of 0.44. 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 business has a 50 day moving average of $40.53 and a 200-day moving average of $36.73. Village Super Market, Inc. has a 12-month low of $30.08 and a 12-month high of $45.12.
Village Super Market (NASDAQ:VLGEA - Get Free Report) last released its earnings results on Wednesday, March 4th. The company reported $1.21 earnings per share (EPS) for the quarter. The company had revenue of $640.96 million during the quarter. Village Super Market had a return on equity of 11.52% and a net margin of 2.37%.
Village Super Market Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 23rd. Shareholders of record on Thursday, April 2nd will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Thursday, April 2nd. Village Super Market's dividend payout ratio is 26.18%.
Wall Street Analyst Weigh In
Several brokerages have weighed in on VLGEA. Wall Street Zen raised Village Super Market from a "buy" rating to a "strong-buy" rating in a report on Saturday, March 7th. Weiss Ratings reissued a "buy (b)" rating on shares of Village Super Market in a report on Tuesday, January 27th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, Village Super Market currently has an average rating of "Buy".
View Our Latest Stock Report on VLGEA
Institutional Investors Weigh In On Village Super Market
Several institutional investors have recently made changes to their positions in VLGEA. Farther Finance Advisors LLC lifted its position in shares of Village Super Market by 121.9% during the fourth quarter. Farther Finance Advisors LLC now owns 932 shares of the company's stock worth $33,000 after acquiring an additional 512 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Village Super Market by 60.6% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,195 shares of the company's stock worth $42,000 after acquiring an additional 451 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Village Super Market by 319.0% during the fourth quarter. State of Alaska Department of Revenue now owns 1,760 shares of the company's stock worth $61,000 after acquiring an additional 1,340 shares in the last quarter. State of Wyoming purchased a new stake in shares of Village Super Market during the third quarter worth $64,000. Finally, CWM LLC lifted its position in shares of Village Super Market by 50.5% during the third quarter. CWM LLC now owns 2,387 shares of the company's stock worth $89,000 after acquiring an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 39.02% of the company's stock.
Village Super Market Company Profile
(
Get Free Report)
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.
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