Natural Grocers by Vitamin Cottage (NYSE:NGVC) Shares Up 7.5% – Here’s What Happened

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) was up 7.5% during trading on Tuesday . The company traded as high as $29.52 and last traded at $29.52. Approximately 72,361 shares were traded during mid-day trading, an increase of 1% from the average daily volume of 71,709 shares. The stock had previously closed at $27.45.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Natural Grocers by Vitamin Cottage from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

Natural Grocers by Vitamin Cottage Stock Up 1.6 %

The stock has a fifty day moving average of $27.44 and a 200-day moving average of $23.76. The firm has a market capitalization of $758.45 million, a price-to-earnings ratio of 24.27 and a beta of 1.23. The company has a current ratio of 0.96, a quick ratio of 0.18 and a debt-to-equity ratio of 0.36.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last released its quarterly earnings results on Thursday, August 8th. The specialty retailer reported $0.40 earnings per share for the quarter. The business had revenue of $309.08 million during the quarter. Natural Grocers by Vitamin Cottage had a return on equity of 18.89% and a net margin of 2.54%. As a group, sell-side analysts expect that Natural Grocers by Vitamin Cottage, Inc. will post 1.31 EPS for the current year.

Institutional Investors Weigh In On Natural Grocers by Vitamin Cottage

Large investors have recently made changes to their positions in the company. Privium Fund Management B.V. purchased a new position in shares of Natural Grocers by Vitamin Cottage during the third quarter valued at $326,000. Janney Montgomery Scott LLC boosted its position in Natural Grocers by Vitamin Cottage by 3.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 36,781 shares of the specialty retailer’s stock worth $1,092,000 after acquiring an additional 1,150 shares during the period. Marshall Wace LLP grew its stake in Natural Grocers by Vitamin Cottage by 49.3% during the 2nd quarter. Marshall Wace LLP now owns 43,437 shares of the specialty retailer’s stock valued at $921,000 after acquiring an additional 14,338 shares in the last quarter. Inspire Investing LLC purchased a new position in Natural Grocers by Vitamin Cottage during the 2nd quarter valued at about $353,000. Finally, American Century Companies Inc. increased its holdings in shares of Natural Grocers by Vitamin Cottage by 28.3% in the 2nd quarter. American Century Companies Inc. now owns 304,382 shares of the specialty retailer’s stock valued at $6,453,000 after purchasing an additional 67,187 shares during the period. Institutional investors and hedge funds own 31.99% of the company’s stock.

About Natural Grocers by Vitamin Cottage

Natural Grocers by Vitamin Cottage, Inc, together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States. The company’s stores offer natural and organic grocery products, such as organic produce; private label repackaged bulk products, including dried fruits, nuts, grains, granolas, teas, herbs, and spices, as well as peanut and almond butters; private label products comprising grocery staples, household products, bulk foods, and vitamins and dietary supplements, as well as organic eggs, organic flavored coffee, and organic mustard; dry, frozen, and canned groceries; meat and seafood products; dairy products, dairy substitutes, and eggs; prepared foods; bread and baked products; beverages; and beer, wine, and hard cider products.