Natural Grocers by Vitamin Cottage (NGVC) Price Target Cut to $6.00 by Analysts at Deutsche Bank

Natural Grocers by Vitamin Cottage (NYSE:NGVC) had its price target cut by analysts at Deutsche Bank from $8.00 to $6.00 in a research report issued on Friday, November 17th. The firm currently has a “hold” rating on the specialty retailer’s stock. Deutsche Bank’s target price would indicate a potential downside of 27.71% from the stock’s current price.

Several other analysts have also recently issued reports on NGVC. 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 report on Tuesday, August 1st. Jefferies Group set a $6.00 price target on Natural Grocers by Vitamin Cottage and gave the stock a “hold” rating in a report on Friday, August 4th. Wolfe Research upgraded Natural Grocers by Vitamin Cottage from an “underperform” rating to a “market perform” rating in a report on Monday, August 7th. Zacks Investment Research cut Natural Grocers by Vitamin Cottage from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Finally, Citigroup reduced 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. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.70.

Shares of Natural Grocers by Vitamin Cottage (NGVC) traded up $0.24 during trading hours on Friday, reaching $8.30. The company’s stock had a trading volume of 118,763 shares, compared to its average volume of 146,077. Natural Grocers by Vitamin Cottage has a one year low of $4.79 and a one year high of $13.79. The firm has a market capitalization of $180.83, a P/E ratio of 26.48, a PEG ratio of 4.96 and a beta of 1.09. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.40 and a quick ratio of 0.14.

Natural Grocers by Vitamin Cottage (NYSE:NGVC) last announced its earnings results on Thursday, November 16th. The specialty retailer reported $0.06 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.01. Natural Grocers by Vitamin Cottage had a return on equity of 5.28% and a net margin of 0.90%. The business had revenue of $198.50 million during the quarter, compared to the consensus estimate of $193.76 million. During the same period in the prior year, the company posted $0.07 EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. equities research analysts anticipate that Natural Grocers by Vitamin Cottage will post 0.24 EPS for the current year.

In related news, CFO Sandra Buffa sold 100,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now owns 135,091 shares in the company, valued at approximately $747,053.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 60.00% of the company’s stock.

Several hedge funds have recently made changes to their positions in NGVC. Quantum Capital Management purchased a new position in shares of Natural Grocers by Vitamin Cottage in the 3rd quarter valued at approximately $1,040,000. Royce & Associates LP raised its holdings in Natural Grocers by Vitamin Cottage by 25.8% during the second quarter. Royce & Associates LP now owns 824,694 shares of the specialty retailer’s stock worth $6,820,000 after purchasing an additional 169,046 shares during the last quarter. Dimensional Fund Advisors LP raised 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 purchasing an additional 131,173 shares during the last quarter. Westfield Capital Management Co. LP raised its holdings in Natural Grocers by Vitamin Cottage by 17.5% during the second quarter. Westfield Capital Management Co. LP now owns 764,614 shares of the specialty retailer’s stock worth $6,323,000 after purchasing an additional 113,759 shares during the last quarter. Finally, GMT Capital Corp acquired a new position in Natural Grocers by Vitamin Cottage during the third quarter worth $509,000. Institutional investors own 25.77% of the company’s stock.

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Natural Grocers by Vitamin Cottage Company Profile

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.

Analyst Recommendations for Natural Grocers by Vitamin Cottage (NYSE:NGVC)

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