Natural Grocers by Vitamin Cottage Inc. (NGVC) Lowered to “Sell” at Zacks Investment Research

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Natural Grocers by Vitamin Cottage Inc. (NYSE:NGVC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.
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. “
Separately, Jefferies Group reiterated a “buy” rating and issued a $19.00 price target (down previously from $21.00) on shares of Natural Grocers by Vitamin Cottage in a report on Thursday, May 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $21.78.

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Shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) opened at 10.97 on Wednesday. The company has a market capitalization of $246.75 million, a P/E ratio of 19.25 and a beta of 0.95. Natural Grocers by Vitamin Cottage has a 1-year low of $10.63 and a 1-year high of $25.85. The company has a 50-day moving average price of $12.06 and a 200 day moving average price of $14.90.
Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its quarterly earnings results on Thursday, July 28th. The company reported $0.12 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.12. The business had revenue of $179.27 million for the quarter, compared to analyst estimates of $179.15 million. Natural Grocers by Vitamin Cottage had a return on equity of 10.66% and a net margin of 1.88%. The company’s quarterly revenue was up 13.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 earnings per share. Equities research analysts anticipate that Natural Grocers by Vitamin Cottage will post $0.52 EPS for the current year.
In other news, Director Edward Cerkovnik acquired 4,000 shares of Natural Grocers by Vitamin Cottage stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average cost of $12.85 per share, with a total value of $51,400.00. Following the completion of the acquisition, the director now owns 9,684 shares in the company, valued at $124,439.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 60.00% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Bank of Montreal Can bought a new position in Natural Grocers by Vitamin Cottage during the second quarter worth approximately $125,000. Rhumbline Advisers bought a new position in Natural Grocers by Vitamin Cottage during the second quarter worth approximately $137,000. Parametric Portfolio Associates LLC bought a new position in Natural Grocers by Vitamin Cottage during the second quarter worth approximately $140,000. Metropolitan Life Insurance Co. NY bought a new position in Natural Grocers by Vitamin Cottage during the first quarter worth approximately $152,000. Finally, BlackRock Group LTD raised its position in 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 last quarter. 31.30% of the stock is owned by hedge funds and other institutional investors.
About Natural Grocers by Vitamin Cottage
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.

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