StockNews.com Begins Coverage on Village Super Market (NASDAQ:VLGEA)

StockNews.com started coverage on shares of Village Super Market (NASDAQ:VLGEAGet Free Report) in a note issued to investors on Thursday. The firm set a “strong-buy” rating on the stock.

Village Super Market Price Performance

Shares of VLGEA stock opened at $24.23 on Thursday. The company has a current ratio of 1.39, a quick ratio of 1.11 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $360.06 million, a PE ratio of 7.50 and a beta of 0.35. The firm has a fifty day simple moving average of $23.10 and a 200-day simple moving average of $22.46. Village Super Market has a twelve month low of $19.23 and a twelve month high of $24.86.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Orion Portfolio Solutions LLC bought a new position in Village Super Market in the second quarter valued at $882,000. Gamco Investors INC. ET AL grew its stake in Village Super Market by 2.3% in the second quarter. Gamco Investors INC. ET AL now owns 201,724 shares of the company’s stock worth $4,603,000 after purchasing an additional 4,500 shares during the period. Goldman Sachs Group Inc. boosted its position in shares of Village Super Market by 23.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 39,431 shares of the company’s stock worth $900,000 after purchasing an additional 7,411 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Village Super Market in the second quarter worth approximately $25,000. Finally, Royal Bank of Canada boosted its stake in Village Super Market by 17.5% during the 2nd quarter. Royal Bank of Canada now owns 16,355 shares of the company’s stock valued at $373,000 after purchasing an additional 2,439 shares during the last quarter. 40.14% of the stock is currently owned by institutional investors and hedge funds.

Village Super Market Company Profile

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Village Super Market, Inc operates a chain of supermarkets in the United States. It offers grocery, meat, produce, dairy, deli, seafood, prepared foods, bakery and frozen foods, health and beauty care, general merchandise, liquor, and pharmacy products through retail and online stores. Village Super Market, Inc was founded in 1937 and is based in Springfield, New Jersey.

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