Natural Grocers facing less competitive risk, says Wells Fargo
After Natural Grocers' comps decelerated in Q2 due to competitive pressures, Wells Fargo thinks the risk of new competition will ease going forward, as the company's stores now overlap with at least one of its major competitors in most of its markets. The firm thinks the company's guidance is conservative. It cut its price target on the shares to $29-$31 from $39-$41 but keeps an Outperform rating on the shares.
Recent NGVC News
- Natural Grocers® Voted "Best Supermarket" in Readers' Choice Awards Presented by Newsweek® • PR Newswire (US) • 09/19/2024 11:17:00 AM
- Natural Grocers® Voted "Best Natural Food Stores, 2024" in Green Matters Approved Contest • PR Newswire (US) • 09/18/2024 05:11:00 PM
- Natural Grocers® Celebrates Denver Family Fun Days September 20-22, 2024 • PR Newswire (US) • 09/18/2024 11:19:00 AM
- Natural Grocers® Announces Collaboration with Bitchin' Sauce to Benefit the Natural Grocers Heroes in Aprons Fund • PR Newswire (US) • 09/09/2024 11:21:00 AM
- Natural Grocers® Invites Customers to Celebrate Organic Month, September 2024 • PR Newswire (US) • 09/05/2024 11:19:00 AM
- Natural Grocers® Announces New Partnership with Rodale Institute to Help Grow the Regenerative Organic Agriculture Movement • PR Newswire (US) • 09/03/2024 11:27:00 AM
- Plan a Good4u Labor Day with Natural Grocers® • PR Newswire (US) • 08/28/2024 07:02:00 PM
- Natural Grocers® Hosts Hiring Event and Community Meet & Greet for New Store in Waco, TX • PR Newswire (US) • 08/28/2024 06:08:00 PM
- Natural Grocers® Returns as Sponsor for the Colorado High School Cycling League in 2024 • PR Newswire (US) • 08/28/2024 03:35:00 PM
- Natural Grocers® Teams Up With Local Artist, Sara L. Smith for Inspiring Mural Project in Incline Village, NV • PR Newswire (US) • 08/22/2024 06:02:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/19/2024 09:00:21 PM
- Natural Grocers® Celebrates Missouri Statehood Day with a Freebie and $5 Off, August 10-12, 2024 • PR Newswire (US) • 08/09/2024 07:20:00 PM
- Natural Grocers® Releases Limited-Edition Pecan Caramel Pie Gourmet Coffee to Commemorate Company's 69th Anniversary • PR Newswire (US) • 08/09/2024 11:17:00 AM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/08/2024 08:55:02 PM
- Natural Grocers by Vitamin Cottage, Inc. Declares Quarterly Dividend • PR Newswire (US) • 08/08/2024 08:11:00 PM
- Natural Grocers by Vitamin Cottage Announces Third Quarter Fiscal 2024 Results • PR Newswire (US) • 08/08/2024 08:10:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/08/2024 08:07:42 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/08/2024 08:05:45 PM
- Natural Grocers® Celebrates 69th Anniversary Event, With Epic Savings, Freebies and a Chance to Win Over $126,000 in Prizes, August 15-17, 2024 • PR Newswire (US) • 08/07/2024 04:21:00 PM
- Natural Grocers by Vitamin Cottage, Inc. Announces Third Quarter Fiscal Year 2024 Earnings Conference Call and Webcast • PR Newswire (US) • 07/25/2024 08:05:00 PM
- Natural Grocers® Announces Partnership with the Foundation for Fresh Produce to Offer "Nutrition 4 the Win" Kids' Class at Select Locations, August 19-31, 2024 • PR Newswire (US) • 07/24/2024 06:39:00 PM
- Natural Grocers® Expands House Brand Sports Supplement Line With Two New Electrolyte Products in Powder and Capsule Format • PR Newswire (US) • 07/23/2024 11:09:00 AM
- Natural Grocers® Invites Incline Village, NV Community to Grand Opening Celebration on July 31, 2024 • PR Newswire (US) • 07/22/2024 05:43:00 PM
- Natural Grocers® Issues Statement Supporting FDA's Recent Ruling Against the Use of Brominated Vegetable Oil in Food • PR Newswire (US) • 07/19/2024 05:08:00 PM
- Natural Grocers® Celebrates Pioneer Day with a Freebie and $5 Off, July 24-26, 2024 • PR Newswire (US) • 07/18/2024 11:07:00 AM
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