Vintage Wine Estates (NASDAQ:VWE) Price Target Lowered to $15.00 at Canaccord Genuity Group

Vintage Wine Estates (NASDAQ:VWE – Get Rating) had its target price cut by Canaccord Genuity Group from $16.50 to $15.00 in a research report sent to investors on Tuesday morning, The Fly reports.

Separately, Zacks Investment Research raised Vintage Wine Estates from a sell rating to a hold rating in a research report on Wednesday, April 20th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of Buy and an average target price of 13.81.

Shares of NASDAQ VWE opened at 7.68 on Tuesday. Vintage Wine Estates has a one year low of 7.48 and a one year high of 13.48. The business’s 50-day moving average price is 9.45 and its two-hundred day moving average price is 9.67. The company has a market capitalization of $468.07 million and a P/E ratio of 128.02. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.85 and a quick ratio of 0.72.

Vintage Wine Estates (NASDAQ:VWE – Get Rating) last announced its quarterly earnings results on Monday, February 14th. The company reported 0.17 earnings per share for the quarter, missing analysts’ consensus estimates of 0.26 by -0.09. Vintage Wine Estates had a return on equity of 5.11% and a net margin of 3.32%. The company had revenue of 83.61 million during the quarter, compared to analyst estimates of 81.70 million. On average, equities analysts anticipate that Vintage Wine Estates will post 0.3 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the business. Caspian Capital LP acquired a new position in Vintage Wine Estates in the 4th quarter valued at approximately $17,228,000. Vanguard Group Inc. grew its stake in shares of Vintage Wine Estates by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 840,271 shares of the company’s stock valued at $8,294,000 after purchasing an additional 64,227 shares during the period. ArrowMark Colorado Holdings LLC grew its stake in shares of Vintage Wine Estates by 17.5% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 740,000 shares of the company’s stock valued at $7,555,000 after purchasing an additional 110,000 shares during the period. Alberta Investment Management Corp grew its stake in shares of Vintage Wine Estates by 2.7% in the 3rd quarter. Alberta Investment Management Corp now owns 493,238 shares of the company’s stock valued at $5,036,000 after purchasing an additional 13,027 shares during the period. Finally, EMC Capital Management grew its stake in shares of Vintage Wine Estates by 116.7% in the 4th quarter. EMC Capital Management now owns 465,942 shares of the company’s stock valued at $5,172,000 after purchasing an additional 250,965 shares during the period.

Vintage Wine Estates Company Profile (Get Rating)

Vintage Wine Estates, Inc produces and sells wines and craft spirits in the United States, Canada, and internationally. The company offers its products under the Layer Cake, Firesteed, Bar Dog, Middle Sister, Cherry Pie, Cartlidge & Browne, GAZE Wine Cocktails, Girard, Clos Pegase, Laetitia Vineyard and Winery, Swanson Vineyards, Kunde Family Winery, Viansa, and B.R.

Read More