Vintage Wine Estates (VWE) Set to Announce Earnings on Tuesday

Vintage Wine Estates (NASDAQ:VWEGet Rating) is scheduled to release its earnings data after the market closes on Tuesday, September 13th. Analysts expect Vintage Wine Estates to post earnings of 0.08 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Vintage Wine Estates Stock Down 4.6 %

VWE stock opened at 5.66 on Tuesday. The company’s 50 day moving average price is 7.12 and its 200 day moving average price is 8.36. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.66 and a current ratio of 1.69. Vintage Wine Estates has a fifty-two week low of 5.51 and a fifty-two week high of 12.38. The firm has a market capitalization of $344.95 million, a price-to-earnings ratio of 94.35 and a beta of 0.84.

Institutional Investors Weigh In On Vintage Wine Estates

Several large investors have recently modified their holdings of VWE. JPMorgan Chase & Co. boosted its holdings in shares of Vintage Wine Estates by 737.9% in the first quarter. JPMorgan Chase & Co. now owns 76,109 shares of the company’s stock valued at $751,000 after acquiring an additional 67,026 shares during the period. Citigroup Inc. raised its stake in shares of Vintage Wine Estates by 433.0% during the first quarter. Citigroup Inc. now owns 40,437 shares of the company’s stock worth $399,000 after purchasing an additional 32,851 shares during the last quarter. BlackRock Inc. raised its stake in shares of Vintage Wine Estates by 3.7% during the first quarter. BlackRock Inc. now owns 144,739 shares of the company’s stock worth $1,428,000 after purchasing an additional 5,210 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Vintage Wine Estates by 8.3% during the first quarter. Vanguard Group Inc. now owns 840,271 shares of the company’s stock worth $8,294,000 after purchasing an additional 64,227 shares during the last quarter. Finally, Ergoteles LLC purchased a new stake in shares of Vintage Wine Estates during the first quarter worth approximately $148,000. 46.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms recently weighed in on VWE. DA Davidson cut their target price on shares of Vintage Wine Estates to $14.00 and set a “na” rating on the stock in a research note on Tuesday, May 17th. Telsey Advisory Group lowered their price target on Vintage Wine Estates to $12.00 and set an “outperform” rating for the company in a report on Tuesday, May 17th. Canaccord Genuity Group lowered their price target on Vintage Wine Estates from $16.50 to $15.00 in a report on Tuesday, May 17th. Finally, Citigroup lowered their price target on Vintage Wine Estates from $10.00 to $9.00 and set a “buy” rating for the company in a report on Tuesday, August 2nd.

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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