Zacks Investment Research Lowers Natural Grocers by Vitamin Cottage (NGVC) to Hold

Natural Grocers by Vitamin Cottage (NYSE:NGVC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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 issued reports about the stock. Royal Bank of Canada reaffirmed a “hold” rating and issued a $11.00 target price on shares of Natural Grocers by Vitamin Cottage in a research note on Monday, November 20th. TheStreet raised shares of Natural Grocers by Vitamin Cottage from a “d+” rating to a “c” rating in a research note on Friday, December 1st. Finally, Deutsche Bank reduced their target price on shares of 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. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $8.83.

Natural Grocers by Vitamin Cottage (NYSE NGVC) opened at $8.42 on Friday. Natural Grocers by Vitamin Cottage has a fifty-two week low of $4.79 and a fifty-two week high of $13.79. The stock has a market cap of $191.30, a price-to-earnings ratio of 27.16, a PEG ratio of 10.19 and a beta of 1.08. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.51 and a quick ratio of 0.20.

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 (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.01. Natural Grocers by Vitamin Cottage had a net margin of 0.90% and a return on equity of 5.25%. The company had revenue of $198.50 million during the quarter, compared to analyst estimates of $193.76 million. During the same quarter in the previous year, the business earned $0.07 EPS. The firm’s revenue was up 9.7% on a year-over-year basis. sell-side analysts expect that Natural Grocers by Vitamin Cottage will post 0.24 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in NGVC. Nationwide Fund Advisors boosted its stake in Natural Grocers by Vitamin Cottage by 144.4% in the 3rd quarter. Nationwide Fund Advisors now owns 17,941 shares of the specialty retailer’s stock worth $100,000 after purchasing an additional 10,600 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of Natural Grocers by Vitamin Cottage during the 2nd quarter worth about $108,000. Trexquant Investment LP acquired a new position in shares of Natural Grocers by Vitamin Cottage during the 3rd quarter worth about $125,000. New York State Common Retirement Fund boosted its stake in shares of Natural Grocers by Vitamin Cottage by 17.7% during the 2nd quarter. New York State Common Retirement Fund now owns 15,284 shares of the specialty retailer’s stock worth $126,000 after buying an additional 2,293 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd acquired a new position in shares of Natural Grocers by Vitamin Cottage during the 3rd quarter worth about $187,000. 25.83% of the stock is owned by hedge funds and other institutional investors.

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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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