SunTrust Robinson Humphrey Downgrades Natural Grocers by Vitamin Cottage Inc to Hold

Brokerage firm SunTrust Robinson Humphrey Downgrades its rating on Natural Grocers by Vitamin Cottage Inc(NGVC). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by SunTrust Robinson Humphrey was issued on Feb 3, 2017.

Natural Grocers by Vitamin Cottage Inc (NGVC) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.08% at a volume of 1,58,943. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.15. The peak price level was also seen at $12.15 while the days lowest was $11.89. Finally the shares closed at $12. The 52-week high of the shares is $22.2 while the 52-week low is $10.46. According to the latest information available, the market cap of the company is $269 M.

Natural Grocers by Vitamin Cottage Inc(NGVC) last announced its earnings results on Feb 2, 2017 for Fiscal Year 2017 and Q1.Company reported revenue of $183.577M. Analysts had an estimated revenue of $190.550M. Earnings per share were $0.09. Analysts had estimated an EPS of $0.14.

Several Insider Transactions has been reported to the SEC. On Aug 4, 2016, Edward Cerkovnik (director) purchased 4,000 shares at $12.85 per share price.Also, On May 26, 2016, Michael T Campbell (director) purchased 2,500 shares at $13.35 per share price.On May 12, 2016, Richard Halle (director) purchased 4,000 shares at $13.52 per share price, according to the Form-4 filing with the securities and exchange commission.

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. Natural Grocers’ other products include body care pet care household and general merchandise and books and handouts. The Company’s 107000 square foot bulk food repackaging facility and distribution center is in Golden Colorado. The Company stock approximately 400 titles in its book department. Titles cover various approaches to diet lifestyle and health. The Company’s subsidiaries include Vitamin Cottage Natural Food Markets Inc. and Vitamin Cottage Two Ltd. Liability Company and Natural Systems LLC.

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