Village Super Market (NASDAQ:VLGEA) Hits New 52-Week High – Here’s What Happened

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

Village Super Market Stock Up 0.6 %

The firm has a market capitalization of $518.43 million, a PE ratio of 10.13 and a beta of 0.30. The firm’s 50 day moving average price is $33.17 and its two-hundred day moving average price is $32.05. The company has a quick ratio of 0.86, a current ratio of 1.13 and a debt-to-equity ratio of 0.18.

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

Village Super Market Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 24th. Investors of record on Thursday, April 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a $1.00 annualized dividend and a yield of 2.84%. Village Super Market’s dividend payout ratio is presently 27.47%.

Institutional Trading of Village Super Market

Institutional investors and hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB acquired a new stake in shares of Village Super Market during the third quarter worth $54,000. SBI Securities Co. Ltd. acquired a new stake in shares of Village Super Market during the fourth quarter worth $78,000. SG Americas Securities LLC acquired a new stake in shares of Village Super Market during the fourth quarter worth $118,000. BNP Paribas Financial Markets raised its holdings in shares of 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 purchasing an additional 4,196 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of 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 purchasing an additional 3,534 shares during the period. 39.02% of the stock is owned by institutional investors and hedge funds.

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.