Village Super Market (NASDAQ:VLGEA) Reaches New 1-Year High – Here’s What Happened

Village Super Market, Inc. (NASDAQ:VLGEA)’s share price hit a new 52-week high on Monday . The company traded as high as $35.65 and last traded at $34.94, with a volume of 6432 shares traded. The stock had previously closed at $34.96.

Village Super Market Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.86 and a current ratio of 1.13. The firm has a market capitalization of $503.61 million, a PE ratio of 9.84 and a beta of 0.30. The firm’s 50 day moving average price is $33.28 and its 200-day moving average price is $32.09.

Village Super Market (NASDAQ:VLGEA) last released its quarterly earnings results on Tuesday, March 4th. The company reported $1.14 earnings per share 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 24th. Stockholders of record on Thursday, April 3rd will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.93%. Village Super Market’s dividend payout ratio (DPR) is 27.47%.

Hedge Funds Weigh In On Village Super Market

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB purchased a new position in shares of Village Super Market in the third quarter worth about $54,000. SBI Securities Co. Ltd. purchased a new stake in shares of Village Super Market in the fourth quarter valued at approximately $78,000. SG Americas Securities LLC acquired a new stake in shares of Village Super Market in the fourth quarter valued at approximately $118,000. BNP Paribas Financial Markets lifted its position in Village Super Market by 239.9% during the fourth quarter. BNP Paribas Financial Markets now owns 5,945 shares of the company’s stock worth $190,000 after buying an additional 4,196 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in Village Super Market by 129.2% during the fourth quarter. Deutsche Bank AG now owns 6,270 shares of the company’s stock worth $200,000 after buying an additional 3,534 shares in the last quarter. 39.02% of the stock is owned by hedge funds and other 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.