Natural Grocers by Vitamin Cottage Announces Third Quarter and First Nine Months of Fiscal 2017 Results
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Natural Grocers (NGVC) PT Lowered to $5.50 at Jefferies Following 3Q
August 7, 2017 7:33 AM EDTJefferies lowered its price target on Natural Grocers (NYSE: NGVC) to $5.50 (from $8.00) while maintaining a Hold rating. NGVC reported worse-than-expected 3Q EBITDA/ EPS of $9.2M/$0.03 vs. consensus estimates of $14.2M/$0.11 on modestly better comps of 0.4% but particularly weak margins.
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