Natural Grocers by Vitamin Cottage (NYSE:NGVC) Downgraded by StockNews.com to “Buy”

StockNews.com lowered shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) from a strong-buy rating to a buy rating in a research report released on Wednesday morning.

Natural Grocers by Vitamin Cottage Stock Performance

NYSE NGVC opened at $33.79 on Wednesday. The business’s 50 day moving average price is $27.73 and its 200-day moving average price is $24.01. Natural Grocers by Vitamin Cottage has a fifty-two week low of $12.35 and a fifty-two week high of $33.88. The company has a market cap of $770.07 million, a P/E ratio of 25.03 and a beta of 1.23. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.18 and a current ratio of 0.96.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. EntryPoint Capital LLC bought a new position in shares of Natural Grocers by Vitamin Cottage in the first quarter worth about $36,000. State Board of Administration of Florida Retirement System purchased a new stake in Natural Grocers by Vitamin Cottage in the 1st quarter valued at about $216,000. Privium Fund Management B.V. purchased a new stake in Natural Grocers by Vitamin Cottage in the 3rd quarter valued at about $326,000. Inspire Investing LLC bought a new position in Natural Grocers by Vitamin Cottage in the 2nd quarter worth about $353,000. Finally, Segall Bryant & Hamill LLC purchased a new position in shares of Natural Grocers by Vitamin Cottage during the third quarter worth approximately $361,000. Institutional investors 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.