Vintage Wine Estates, Inc. (NASDAQ:VWE) Receives 9.42 Average PT from Analysts

Shares of Vintage Wine Estates, Inc. (NASDAQ:VWEGet Rating) have earned a consensus rating of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is 7.86.

VWE has been the subject of several research reports. Citigroup decreased their price target on shares of Vintage Wine Estates from $9.00 to $5.00 and set a “buy” rating for the company in a report on Friday. DA Davidson dropped their price target on shares of Vintage Wine Estates from $13.00 to $9.00 and set a “buy” rating on the stock in a research report on Thursday. Canaccord Genuity Group lowered shares of Vintage Wine Estates from a “buy” rating to a “hold” rating and dropped their price target for the company from $15.00 to $5.50 in a research report on Wednesday. Canaccord Genuity Group lowered shares of Vintage Wine Estates from a “buy” rating to a “hold” rating and dropped their target price for the stock from $15.00 to $5.50 in a research report on Wednesday. Finally, Telsey Advisory Group lowered shares of Vintage Wine Estates from an “outperform” rating to a “market perform” rating and dropped their target price for the stock from $12.00 to $6.00 in a research report on Wednesday.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in VWE. Vanguard Group Inc. increased its stake in Vintage Wine Estates by 8.3% during the 1st 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 in the last quarter. State Street Corp boosted its holdings in shares of Vintage Wine Estates by 238.0% in the 2nd quarter. State Street Corp now owns 363,333 shares of the company’s stock valued at $2,856,000 after buying an additional 255,832 shares during the last quarter. Penn Capital Management Company LLC boosted its holdings in shares of Vintage Wine Estates by 67.9% in the 1st quarter. Penn Capital Management Company LLC now owns 300,073 shares of the company’s stock valued at $2,374,000 after buying an additional 121,365 shares during the last quarter. Northern Trust Corp boosted its holdings in shares of Vintage Wine Estates by 413.5% in the 2nd quarter. Northern Trust Corp now owns 276,047 shares of the company’s stock valued at $2,169,000 after buying an additional 222,293 shares during the last quarter. Finally, Wexford Capital LP acquired a new stake in shares of Vintage Wine Estates in the 4th quarter valued at approximately $2,069,000. 46.63% of the stock is currently owned by institutional investors and hedge funds.

Vintage Wine Estates Trading Down 4.6 %

Shares of NASDAQ:VWE opened at 3.10 on Wednesday. The company has a market cap of $188.93 million, a PE ratio of 7.02 and a beta of 0.84. The company’s 50-day moving average price is 6.40 and its 200 day moving average price is 8.09. Vintage Wine Estates has a fifty-two week low of 3.00 and a fifty-two week high of 12.38. The company has a quick ratio of 0.66, a current ratio of 1.52 and a debt-to-equity ratio of 0.48.

Vintage Wine Estates (NASDAQ:VWEGet Rating) last released its earnings results on Tuesday, September 13th. The company reported 0.17 EPS for the quarter, beating the consensus estimate of 0.08 by 0.09. Vintage Wine Estates had a negative net margin of 0.19% and a positive return on equity of 7.52%. Sell-side analysts anticipate that Vintage Wine Estates will post 0.38 earnings per share for the current year.

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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Analyst Recommendations for Vintage Wine Estates (NASDAQ:VWE)

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