Natural Grocers by Vitamin Cottage Inc (NGVC) is Downgraded by RBC Capital Mkts to Sector Perform, Lowers Price Target to $ 16

Natural Grocers by Vitamin Cottage Inc (NGVC) was Downgraded by RBC Capital Mkts to ” Sector Perform” while Lowering the Price Target of the company shares to $ 16 from a previous price target of $29 . Earlier the firm had a rating of “Outperform ” on the company shares. RBC Capital Mkts advised their investors in a research report released on Apr 21, 2016.

Many Wall Street Analysts have commented on Natural Grocers by Vitamin Cottage Inc. Deutsche Bank Initiated Natural Grocers by Vitamin Cottage Inc on Feb 10, 2016 to “Hold”, Price Target of the shares are set at $20.Shares were Reiterated by RBC Capital Mkts on Feb 1, 2016 to “Outperform” and Lowered the Price Target to $ 29 from a previous price target of $32 .Shares were Reiterated by Wedbush on Jan 29, 2016 to “Neutral” and Lowered the Price Target to $ 20 from a previous price target of $22 .

On the company’s financial health, Natural Grocers by Vitamin Cottage Inc reported $0.17 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Jan 28, 2016. Analyst had a consensus of $0.18. The company had revenue of $167.79 million for the quarter, compared to analysts expectations of $171.37 million. The company’s revenue was up 15.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.

Natural Grocers by Vitamin Cottage Inc closed down -0.2 points or -1.02% at $19.5 with 46,083 shares getting traded on Monday. Post opening the session at $19.71, the shares hit an intraday low of $19.22 and an intraday high of $19.87 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Natural Grocers by Vitamin Cottage Inc

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