Natural Grocers by Vitamin Cottage (NGVC) Trading Down 26.8% on Disappointing Earnings

Natural Grocers by Vitamin Cottage Inc (NYSE:NGVC) shares fell 26.8% during mid-day trading on Friday following a dissappointing earnings announcement. The company traded as low as $6.18 and last traded at $6.61. 1,114,228 shares traded hands during trading, an increase of 572% from the average session volume of 165,801 shares. The stock had previously closed at $9.03.

The specialty retailer reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $202.48 million for the quarter, compared to analyst estimates of $195.86 million. Natural Grocers by Vitamin Cottage had a return on equity of 4.30% and a net margin of 1.27%.

Several research firms have recently weighed in on NGVC. Zacks Investment Research upgraded shares of Natural Grocers by Vitamin Cottage from a “hold” rating to a “buy” rating and set a $9.50 price objective on the stock in a research note on Wednesday, January 24th. TheStreet upgraded shares of Natural Grocers by Vitamin Cottage from a “d+” rating to a “c” rating in a research note on Friday, December 1st. Royal Bank of Canada upgraded shares of Natural Grocers by Vitamin Cottage from a “sector perform” rating to an “outperform” rating and set a $11.00 price target on the stock in a research note on Wednesday. Jefferies Group reiterated a “hold” rating on shares of Natural Grocers by Vitamin Cottage in a research note on Friday. Finally, Deutsche Bank decreased their price target on shares of Natural Grocers by Vitamin Cottage from $8.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, November 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Natural Grocers by Vitamin Cottage currently has a consensus rating of “Hold” and an average price target of $8.00.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Algert Global LLC acquired a new position in Natural Grocers by Vitamin Cottage in the 4th quarter valued at about $243,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Natural Grocers by Vitamin Cottage by 408.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,660 shares of the specialty retailer’s stock valued at $167,000 after buying an additional 14,988 shares during the last quarter. GSA Capital Partners LLP acquired a new position in Natural Grocers by Vitamin Cottage in the 3rd quarter valued at about $369,000. Dimensional Fund Advisors LP grew its stake in Natural Grocers by Vitamin Cottage by 29.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 579,663 shares of the specialty retailer’s stock valued at $3,234,000 after buying an additional 131,173 shares during the last quarter. Finally, Trexquant Investment LP acquired a new position in Natural Grocers by Vitamin Cottage in the 3rd quarter valued at about $125,000. Institutional investors and hedge funds own 25.85% of the company’s stock.

The stock has a market capitalization of $147.73, a P/E ratio of 25.42, a P/E/G ratio of 7.87 and a beta of 0.97. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.20 and a current ratio of 1.51.

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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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