Deutsche Bank AG Cuts Natural Grocers by Vitamin Cottage, Inc. (NGVC) Price Target to $6.00

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) had its price target lowered by Deutsche Bank AG from $8.00 to $6.00 in a research note issued to investors on Friday. Deutsche Bank AG currently has a hold rating on the specialty retailer’s stock.

NGVC has been the topic of a number of other reports. Citigroup Inc. dropped their price target on Natural Grocers by Vitamin Cottage from $10.50 to $7.50 and set a buy rating on the stock in a research report on Monday, August 14th. Zacks Investment Research cut Natural Grocers by Vitamin Cottage from a hold rating to a sell rating in a research report on Tuesday, August 8th. Royal Bank Of Canada set a $14.00 target price on Natural Grocers by Vitamin Cottage and gave the company a hold rating in a research report on Tuesday, August 1st. Jefferies Group LLC set a $6.00 target price on Natural Grocers by Vitamin Cottage and gave the company a hold rating in a research report on Friday, August 4th. Finally, Wolfe Research upgraded Natural Grocers by Vitamin Cottage from an underperform rating to a market perform rating in a research report on Monday, August 7th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $9.30.

Natural Grocers by Vitamin Cottage (NYSE NGVC) opened at $6.25 on Friday. The company has a current ratio of 1.40, a quick ratio of 0.14 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $140.30, a P/E ratio of 20.16, a price-to-earnings-growth ratio of 3.43 and a beta of 0.85. Natural Grocers by Vitamin Cottage has a 1-year low of $4.79 and a 1-year high of $13.79.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its quarterly earnings results on Thursday, November 16th. The specialty retailer reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. The business had revenue of $198.50 million for the quarter, compared to analysts’ expectations of $193.76 million. Natural Grocers by Vitamin Cottage had a return on equity of 5.28% and a net margin of 0.90%. The business’s quarterly revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 EPS. sell-side analysts expect that Natural Grocers by Vitamin Cottage will post 0.26 earnings per share for the current year.

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In other news, CFO Sandra Buffa sold 100,000 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $5.53, for a total transaction of $553,000.00. Following the completion of the sale, the chief financial officer now directly owns 135,091 shares of the company’s stock, valued at approximately $747,053.23. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 60.00% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Royce & Associates LP boosted 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 period. Citadel Advisors LLC boosted its position in shares of Natural Grocers by Vitamin Cottage by 165.4% in the second quarter. Citadel Advisors LLC now owns 85,640 shares of the specialty retailer’s stock worth $709,000 after buying an additional 53,375 shares during the period. Westfield Capital Management Co. LP boosted its position in shares of Natural Grocers by Vitamin Cottage by 17.5% in the second quarter. Westfield Capital Management Co. LP now owns 764,614 shares of the specialty retailer’s stock worth $6,323,000 after buying an additional 113,759 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Natural Grocers by Vitamin Cottage by 32.6% in the first quarter. Dimensional Fund Advisors LP now owns 345,599 shares of the specialty retailer’s stock worth $3,591,000 after buying an additional 84,957 shares during the period. Finally, Quantum Capital Management acquired a new stake in shares of Natural Grocers by Vitamin Cottage in the third quarter worth $1,040,000. 30.84% of the stock is owned by institutional investors and hedge funds.

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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