2024-02-20 00:47:49 ET
Summary
- Natural Grocers by Vitamin Cottage's past financials have shown accelerating revenue growth in the last 3 years, but it is still below its 10-year median growth rate. However, it has maintained robust margins.
- The US organic food market is expected to remain strong, providing a tailwind for NGVC's future growth.
- Despite the tailwinds, my target price lacks a sufficient margin of safety. There, I am recommending a hold rating.
Synopsis
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Natural Grocers by Vitamin Cottage: Lacks Margin Of Safety Despite Solid Growth Outlook