Natural Grocers by Vitamin Cottage (NYSE:NGVC) Reaches New 12-Month High – Here’s Why

Natural Grocers by Vitamin Cottage, Inc. (NYSE:NGVC) hit a new 52-week high on Wednesday . The company traded as high as $32.49 and last traded at $32.49, with a volume of 7381 shares traded. The stock had previously closed at $30.57.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Natural Grocers by Vitamin Cottage from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Natural Grocers by Vitamin Cottage Stock Performance

The company has a market capitalization of $758.45 million, a price-to-earnings ratio of 24.65 and a beta of 1.23. The stock has a 50-day moving average price of $27.59 and a 200-day moving average price of $23.83. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.96 and a quick ratio of 0.18.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last released its quarterly earnings data on Thursday, August 8th. The specialty retailer reported $0.40 earnings per share (EPS) for the quarter. The company had revenue of $309.08 million during the quarter. Natural Grocers by Vitamin Cottage had a return on equity of 18.89% and a net margin of 2.54%. As a group, analysts forecast that Natural Grocers by Vitamin Cottage, Inc. will post 1.31 earnings per share for the current year.

Institutional Trading of Natural Grocers by Vitamin Cottage

Hedge funds have recently added to or reduced their stakes in the company. EntryPoint Capital LLC acquired a new stake in Natural Grocers by Vitamin Cottage during the 1st quarter worth approximately $36,000. State Board of Administration of Florida Retirement System acquired a new stake in Natural Grocers by Vitamin Cottage during the 1st quarter worth approximately $216,000. Privium Fund Management B.V. bought a new position in Natural Grocers by Vitamin Cottage during the 3rd quarter worth $326,000. Inspire Investing LLC bought a new position in Natural Grocers by Vitamin Cottage during the 2nd quarter worth $353,000. Finally, Quadrature Capital Ltd increased its stake in Natural Grocers by Vitamin Cottage by 45.1% during the 1st quarter. Quadrature Capital Ltd now owns 31,639 shares of the specialty retailer’s stock worth $570,000 after acquiring an additional 9,838 shares during the period. 31.99% of the stock is owned by institutional investors and hedge funds.

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.