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

Vintage Wine Estates (NASDAQ:VWEGet Rating) had its price target dropped by stock analysts at Canaccord Genuity Group from $16.50 to $15.00 in a report released on Tuesday, The Fly reports.

Separately, Zacks Investment Research upgraded Vintage Wine Estates from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of 14.07.

Shares of VWE opened at 8.62 on Tuesday. The firm has a market cap of $531.78 million and a PE ratio of 862.86. Vintage Wine Estates has a 52-week low of 7.60 and a 52-week high of 13.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.72 and a current ratio of 1.85. The business’s 50 day moving average price is 9.49 and its two-hundred day moving average price is 9.71.

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

Several large investors have recently made changes to their positions in the stock. Caspian Capital LP purchased a new stake in Vintage Wine Estates in the 4th quarter valued at about $17,228,000. Russell Investments Group Ltd. purchased a new stake in shares of Vintage Wine Estates during the third quarter valued at approximately $210,000. Glovista Investments LLC bought a new stake in Vintage Wine Estates during the third quarter worth $382,000. Cooper Haims Advisors LLC purchased a new position in Vintage Wine Estates in the fourth quarter worth $118,000. Finally, The Manufacturers Life Insurance Company bought a new position in Vintage Wine Estates in the 3rd quarter valued at $2,295,000.

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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