Zacks Investment Research cut shares of Natural Grocers by Vitamin Cottage Inc. (NYSE:NGVC) from a hold rating to a sell rating in a research note published on Tuesday morning.
According to Zacks, “Natural Grocers by Vitamin Cottage is a specialty retailer of natural and organic groceries and dietary supplements. The Company provides healthy foods, vitamins, and supplements including allergy, aloe products, amino acids, antioxidants, animal products, beverages, medical, cleansing and clearance, weight loss, electrolytes, energy, cosmetics, natural, minerals, vitamins, pain relief, and supplements. It has locations primarily in Colorado, Texas, Utah, Wyoming, Oklahoma, Missouri, New Mexico, Montana, Kansas, Idaho, Nebraska and Arizona. Natural Grocers by Vitamin Cottage is based in Lakewood, Colorado. “
Natural Grocers by Vitamin Cottage (NYSE:NGVC) opened at 10.88 on Tuesday. The firm’s 50 day moving average price is $11.92 and its 200 day moving average price is $14.68. Natural Grocers by Vitamin Cottage has a one year low of $10.63 and a one year high of $25.85. The stock has a market cap of $244.72 million, a price-to-earnings ratio of 19.09 and a beta of 0.95.
Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its quarterly earnings data on Thursday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.12. Natural Grocers by Vitamin Cottage had a net margin of 1.88% and a return on equity of 10.66%. The company earned $179.27 million during the quarter, compared to analysts’ expectations of $179.15 million. During the same period in the previous year, the company earned $0.19 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. Equities analysts forecast that Natural Grocers by Vitamin Cottage will post $0.52 earnings per share for the current year.
In related news, Director Edward Cerkovnik bought 4,000 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were acquired at an average price of $12.85 per share, for a total transaction of $51,400.00. Following the purchase, the director now owns 9,684 shares in the company, valued at approximately $124,439.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 60.00% of the stock is currently owned by insiders.
Several large investors have recently modified their holdings of the stock. Metropolitan Life Insurance Co. NY bought a new stake in shares of Natural Grocers by Vitamin Cottage during the first quarter worth about $152,000. Bank of Montreal Can bought a new stake in shares of Natural Grocers by Vitamin Cottage during the second quarter worth about $125,000. Rhumbline Advisers bought a new stake in shares of Natural Grocers by Vitamin Cottage during the second quarter worth about $137,000. Parametric Portfolio Associates LLC bought a new stake in shares of Natural Grocers by Vitamin Cottage during the second quarter worth about $140,000. Finally, BlackRock Group LTD raised its stake in shares of Natural Grocers by Vitamin Cottage by 265.1% in the second quarter. BlackRock Group LTD now owns 12,596 shares of the company’s stock worth $164,000 after buying an additional 9,146 shares during the period. Institutional investors and hedge funds own 31.30% of the company’s stock.
Natural Grocers by Vitamin Cottage Company Profile
Natural Grocers By Vitamin Cottage Inc (Natural Grocers) is a specialty retailer of natural and organic groceries and dietary supplements. The Company sells natural and organic groceries and dietary supplements. The Company’s grocery products include: bulk food and private label products, dry, frozen and canned groceries, meats and seafood, dairy products and dairy substitutes, prepared foods, bread and baked goods, and beverages.