Vintage Wine Estates (NASDAQ:VWE) Given New $9.00 Price Target at Citigroup

Vintage Wine Estates (NASDAQ:VWEGet Rating) had its target price reduced by Citigroup from $10.00 to $9.00 in a report released on Tuesday morning, Stock Target Advisor reports. Citigroup currently has a buy rating on the stock.

A number of other analysts also recently commented on VWE. Telsey Advisory Group decreased their price target on Vintage Wine Estates to $12.00 and set an outperform rating for the company in a research report on Tuesday, May 17th. Canaccord Genuity Group decreased their price target on Vintage Wine Estates from $16.50 to $15.00 in a research report on Tuesday, May 17th. Finally, DA Davidson decreased their target price on Vintage Wine Estates to $14.00 and set a na rating for the company in a research report on Tuesday, May 17th.

Vintage Wine Estates Stock Down 1.1 %

Vintage Wine Estates stock opened at 7.11 on Tuesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.66 and a current ratio of 1.69. The stock has a market cap of $433.33 million, a PE ratio of 118.19 and a beta of 0.70. Vintage Wine Estates has a fifty-two week low of 6.92 and a fifty-two week high of 12.38. The firm’s 50-day simple moving average is 8.23 and its 200 day simple moving average is 8.69.

Vintage Wine Estates (NASDAQ:VWEGet Rating) last issued its quarterly earnings results on Monday, May 16th. The company reported 0.08 EPS for the quarter, beating analysts’ consensus estimates of 0.07 by 0.01. The company had revenue of 78.93 million during the quarter, compared to the consensus estimate of 67.80 million. Vintage Wine Estates had a return on equity of 5.05% and a net margin of 3.32%. Research analysts predict that Vintage Wine Estates will post 0.27 EPS for the current fiscal year.

Institutional Trading of Vintage Wine Estates

A number of large investors have recently bought and sold shares of VWE. Caspian Capital LP purchased a new position in shares of Vintage Wine Estates in the fourth quarter valued at $17,228,000. EMC Capital Management boosted its stake in Vintage Wine Estates by 116.7% during the fourth quarter. EMC Capital Management now owns 465,942 shares of the company’s stock valued at $5,172,000 after buying an additional 250,965 shares during the period. Wexford Capital LP bought a new stake in Vintage Wine Estates during the fourth quarter valued at $2,069,000. Penn Capital Management Company LLC boosted its stake in Vintage Wine Estates by 67.9% during the first 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 period. Finally, Goldman Sachs Group Inc. lifted its stake in Vintage Wine Estates by 378.4% during the first quarter. Goldman Sachs Group Inc. now owns 88,443 shares of the company’s stock worth $873,000 after purchasing an additional 69,954 shares during the last quarter.

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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