Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) from a hold rating to a sell rating in a report published on Tuesday.

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 research analysts also recently issued reports about the company. Jefferies Group LLC set a $6.00 price target on Natural Grocers by Vitamin Cottage and gave the company a hold rating in a report on Friday, August 4th. Royal Bank Of Canada set a $14.00 price target on Natural Grocers by Vitamin Cottage and gave the company a hold rating in a report on Tuesday, August 1st. Finally, Wolfe Research upgraded Natural Grocers by Vitamin Cottage from an underperform rating to a market perform rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has assigned a buy rating to the stock. Natural Grocers by Vitamin Cottage presently has an average rating of Hold and a consensus target price of $11.00.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) opened at 6.40 on Tuesday. Natural Grocers by Vitamin Cottage has a 52 week low of $5.50 and a 52 week high of $13.79. The firm has a 50-day moving average of $7.83 and a 200 day moving average of $10.05. The stock has a market capitalization of $143.58 million, a price-to-earnings ratio of 20.19 and a beta of 0.88.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last issued its quarterly earnings results on Thursday, August 3rd. The specialty retailer reported $0.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by $0.08. Natural Grocers by Vitamin Cottage had a net margin of 0.95% and a return on equity of 5.50%. The firm had revenue of $194.70 million during the quarter, compared to the consensus estimate of $196.26 million. During the same quarter last year, the firm posted $0.12 earnings per share. Natural Grocers by Vitamin Cottage’s revenue was up 8.6% compared to the same quarter last year. On average, analysts anticipate that Natural Grocers by Vitamin Cottage will post $0.30 EPS for the current year.

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In related news, insider Kemper Isely acquired 5,400 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was purchased at an average cost of $6.19 per share, for a total transaction of $33,426.00. Following the purchase, the insider now directly owns 3,118,302 shares in the company, valued at $19,302,289.38. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 60.30% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Westfield Capital Management Co. LP bought a new position in shares of Natural Grocers by Vitamin Cottage during the first quarter worth approximately $6,762,000. River Road Asset Management LLC increased its position in shares of Natural Grocers by Vitamin Cottage by 36.8% in the first quarter. River Road Asset Management LLC now owns 1,064,901 shares of the specialty retailer’s stock worth $11,064,000 after buying an additional 286,661 shares during the last quarter. Royce & Associates LP increased its position in shares of Natural Grocers by Vitamin Cottage by 25.8% in the second quarter. Royce & Associates LP now owns 824,694 shares of the specialty retailer’s stock worth $6,820,000 after buying an additional 169,046 shares during the last quarter. Rice Hall James & Associates LLC increased its position in shares of Natural Grocers by Vitamin Cottage by 132.1% in the first quarter. Rice Hall James & Associates LLC now owns 265,027 shares of the specialty retailer’s stock worth $2,754,000 after buying an additional 150,841 shares during the last quarter. Finally, Granite Investment Partners LLC increased its position in shares of Natural Grocers by Vitamin Cottage by 99.5% in the first quarter. Granite Investment Partners LLC now owns 287,361 shares of the specialty retailer’s stock worth $2,985,000 after buying an additional 143,322 shares during the last quarter. Hedge funds and other institutional investors own 33.03% of the company’s stock.

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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