Natural Grocers By Vitamin Cottage: Rises after strong Q4 and PT hike

Natural Grocers by Vitamin Cottage

16/11/2018 16:03

** Natural and organic grocery retailer's shares  NGVC.N  
up 16 pct at $19.37
    ** Brokerage RBC raises PT by $1 to $21 after co posts sixth
straight qtr of same-store sales beat and largest profit beat in
two years on Thursday after market close
    ** Stock among the top 5 pct gainers on NYSE and rose as
much as 17 pct to hit a 3-month high at $19.50 in early trading
    ** Co's Q4 same-store sales of 6.3 pct rise vs estimates of
3.8 pct rise, according to IBES data from Refinitiv, helped by
rise in traffic and average transaction size  urn:newsml:reuters.com:*:nPn2KG2wxa
    ** Co also forecasts FY 2019 comparable sales rise in range
of 2-4 pct
    ** 2 of 4 brokerages rate the stock "buy" or higher, 1
"hold" and 1 "sell" or lower; median PT is $18
    ** NGVC up 115 pct YTD 

 (Reporting by Soundarya J in Bengaluru)
 ((Reuters Messaging:
soundarya.j.thomsonreuters.com@reuters.net))