NG NGVC Natural Grocers by Vitamin Cottage Inc Loading... : Bullish and Bearish Analyst Opinions

Natural Grocers (NGVC) rides the megatrend of organic food and dietary supplements, with a unique in-store nutritional advisor model driving high-margin supplement sales. Earnings have grown from $1 to nearly $2 per share, yet the stock has corrected 50% from $60 to $30. It plans to grow new stores by ~6%, comps by ~3%, and deliver high single-digit EPS growth. The stock now trades at 13x earnings versus a normal historical range of about 26x and peaks as high as 50x. This 50% discount to historical valuation in a defensive, uncertainty-resistant sector provides an attractive asymmetric opportunity.