Zacks Investment Research Upgrades Natural Grocers by Vitamin Cottage (NYSE:NGVC) to “Buy”

Zacks Investment Research upgraded shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) from a hold rating to a buy rating in a research report released on Thursday, January 18th. The brokerage currently has $9.50 target price on the specialty retailer’s stock.

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. “

Other equities analysts have also recently issued research reports about the company. TheStreet raised Natural Grocers by Vitamin Cottage from a d+ rating to a c rating in a report on Friday, December 1st. Royal Bank of Canada reissued a hold rating and issued a $11.00 price target on shares of Natural Grocers by Vitamin Cottage in a research note on Monday, November 20th. Finally, Deutsche Bank decreased their price target on Natural Grocers by Vitamin Cottage from $8.00 to $6.00 and set a hold rating for the company in a research note on Friday, November 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $8.00.

Shares of Natural Grocers by Vitamin Cottage (NYSE:NGVC) traded down $0.44 during mid-day trading on Thursday, hitting $6.82. The company had a trading volume of 245,304 shares, compared to its average volume of 173,104. The company has a current ratio of 1.53, a quick ratio of 0.22 and a debt-to-equity ratio of 0.45. Natural Grocers by Vitamin Cottage has a twelve month low of $4.79 and a twelve month high of $12.65. The company has a market cap of $162.26, a P/E ratio of 15.16, a P/E/G ratio of 9.88 and a beta of 0.97.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its quarterly earnings data on Thursday, February 1st. The specialty retailer reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Natural Grocers by Vitamin Cottage had a return on equity of 4.25% and a net margin of 1.27%. The business had revenue of $202.48 million for the quarter, compared to the consensus estimate of $195.86 million. analysts anticipate that Natural Grocers by Vitamin Cottage will post 0.21 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Quantum Capital Management bought a new stake in Natural Grocers by Vitamin Cottage during the third quarter worth $1,040,000. Dimensional Fund Advisors LP lifted its holdings in Natural Grocers by Vitamin Cottage by 29.2% during the third quarter. Dimensional Fund Advisors LP now owns 579,663 shares of the specialty retailer’s stock worth $3,234,000 after acquiring an additional 131,173 shares during the period. GMT Capital Corp purchased a new stake in Natural Grocers by Vitamin Cottage in the third quarter worth $509,000. Arrowstreet Capital Limited Partnership purchased a new stake in Natural Grocers by Vitamin Cottage in the fourth quarter worth $745,000. Finally, GSA Capital Partners LLP purchased a new stake in Natural Grocers by Vitamin Cottage in the third quarter worth $369,000. Institutional investors own 25.79% of the company’s stock.

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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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