Village Super Market (NASDAQ:VLGEA) Stock Price Passes Above 200-Day Moving Average - Here's Why

Village Super Market, Inc. (NASDAQ:VLGEA - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $29.24 and traded as high as $33.50. Village Super Market shares last traded at $33.27, with a volume of 62,026 shares changing hands.

Village Super Market Trading Down 1.5 %

The company has a 50-day simple moving average of $31.00 and a 200-day simple moving average of $29.24. The stock has a market cap of $483.69 million, a P/E ratio of 9.81 and a beta of 0.28. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.88 and a current ratio of 1.15.

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

Village Super Market Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, October 3rd were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.05%. The ex-dividend date was Thursday, October 3rd. Village Super Market's payout ratio is presently 29.50%.

Insider Activity at Village Super Market

In other Village Super Market news, Director Kevin Begley sold 5,000 shares of Village Super Market stock in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $30.55, for a total value of $152,750.00. Following the completion of the sale, the director now directly owns 61,261 shares in the company, valued at approximately $1,871,523.55. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 10,933 shares of company stock valued at $330,872 over the last ninety days. 56.78% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Village Super Market

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. purchased a new stake in shares of Village Super Market in the third quarter worth $798,000. American Century Companies Inc. raised its holdings in shares of Village Super Market by 17.4% during the second quarter. American Century Companies Inc. now owns 158,814 shares of the company's stock valued at $4,194,000 after acquiring an additional 23,492 shares in the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in Village Super Market in the third quarter worth $213,000. Acadian Asset Management LLC purchased a new stake in shares of Village Super Market in the 2nd quarter worth about $130,000. Finally, Sierra Summit Advisors LLC increased its position in shares of Village Super Market by 21.7% during the second quarter. Sierra Summit Advisors LLC now owns 24,458 shares of the company's stock valued at $646,000 after buying an additional 4,353 shares during the period. 39.02% of the stock is owned by institutional investors.

Village Super Market Company Profile

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.