Vintage Wine Estates, Inc. (NASDAQ:VWE) Given Average Recommendation of “Buy” by Analysts

Vintage Wine Estates, Inc. (NASDAQ:VWEGet Rating) has earned a consensus recommendation of “Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is 14.50.

Separately, Zacks Investment Research cut Vintage Wine Estates from a “buy” rating to a “hold” rating in a report on Wednesday, February 16th.

Shares of NASDAQ:VWE opened at 10.00 on Monday. The firm’s 50 day moving average is 8.82 and its two-hundred day moving average is 9.76. The firm has a market capitalization of $616.91 million and a P/E ratio of 1,001.00. The company has a current ratio of 1.85, a quick ratio of 0.72 and a debt-to-equity ratio of 0.48. Vintage Wine Estates has a 52 week low of 7.60 and a 52 week high of 13.48.

Vintage Wine Estates (NASDAQ:VWEGet Rating) last released its quarterly earnings results on Monday, February 14th. The company reported 0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of 0.26 by -0.09. The firm had revenue of 83.61 million during the quarter, compared to the consensus estimate of 81.70 million. Analysts predict that Vintage Wine Estates will post 0.33 EPS for the current year.

Several large investors have recently modified their holdings of VWE. Morgan Stanley purchased a new stake in shares of Vintage Wine Estates in the 2nd quarter valued at approximately $225,000. Royal Bank of Canada purchased a new stake in shares of Vintage Wine Estates in the 2nd quarter valued at approximately $178,000. Stephens Inc. AR purchased a new stake in shares of Vintage Wine Estates in the 3rd quarter valued at approximately $535,000. Paradice Investment Management LLC lifted its position in shares of Vintage Wine Estates by 7.6% in the 3rd quarter. Paradice Investment Management LLC now owns 4,222,612 shares of the company’s stock valued at $43,113,000 after acquiring an additional 298,429 shares in the last quarter. Finally, EMC Capital Management lifted its position in shares of Vintage Wine Estates by 136.2% in the 3rd quarter. EMC Capital Management now owns 214,977 shares of the company’s stock valued at $2,206,000 after acquiring an additional 123,969 shares in the last quarter. Institutional investors and hedge funds own 46.60% of the company’s stock.

About Vintage Wine Estates (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.

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