Vintage Wine Estates (NASDAQ:VWE) Given New $14.00 Price Target at DA Davidson

Vintage Wine Estates (NASDAQ:VWE – Get Rating) had its target price lowered by investment analysts at DA Davidson to $14.00 in a research report issued on Tuesday, Stock Target Advisor reports. The firm presently has a “na” rating on the stock.

A number of other equities research analysts have also recently weighed in on VWE. Canaccord Genuity Group reduced their price target on shares of Vintage Wine Estates from $16.50 to $15.00 in a research report on Tuesday. Telsey Advisory Group reduced their price target on shares of Vintage Wine Estates to $12.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Zacks Investment Research raised shares of Vintage Wine Estates from a “sell” rating to a “hold” rating in a research report on Wednesday, April 20th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of 13.81.

Shares of VWE stock traded down 0.41 on Tuesday, reaching 8.21. 22,571 shares of the stock were exchanged, compared to its average volume of 175,824. The company has a current ratio of 1.85, a quick ratio of 0.72 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average price is 9.49 and its 200 day moving average price is 9.71. The company has a market capitalization of $506.48 million and a price-to-earnings ratio of 815.82. Vintage Wine Estates has a twelve month low of 7.60 and a twelve month high of 13.48.

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. The company had revenue of 83.61 million for the quarter, compared to analysts’ expectations of 81.70 million. Equities research analysts forecast that Vintage Wine Estates will post 0.33 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of VWE. Gemmer Asset Management LLC grew its position in Vintage Wine Estates by 55.0% during the first quarter. Gemmer Asset Management LLC now owns 3,100 shares of the company’s stock worth $30,000 after buying an additional 1,100 shares during the period. Wells Fargo & Company MN grew its holdings in Vintage Wine Estates by 1,373.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,682 shares of the company’s stock valued at $32,000 after purchasing an additional 2,500 shares in the last quarter. Citigroup Inc. acquired a new position in Vintage Wine Estates during the 3rd quarter worth $33,000. Burleson & Company LLC acquired a new position in shares of Vintage Wine Estates in the 1st quarter valued at about $35,000. Finally, UBS Group AG bought a new stake in shares of Vintage Wine Estates during the 3rd quarter worth about $46,000.

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.

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