Oppenheimer views Natural Grocers (NGVC +29.8%) favorably after sizing up the company’s Q2 report.
“We remain impressed by the NGVC management team’s efforts to stabilize the business to date even against a difficult grocery backdrop, and it now appears the chain is again positioned for growth going forward” notes the firm.
“Given NGVC’s higher-quality standards, we believe the company could benefit from a lower emphasis from WFM in this area,” reads the update.
Due to valuation, Oppenheimer sticks with a Peer Perform rating on NGVC, while keeping an eye on the potential for EPS growth acceleration.
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