Brokerages Set Vintage Wine Estates, Inc. (NASDAQ:VWE) Target Price at 9.42

Shares of Vintage Wine Estates, Inc. (NASDAQ:VWEGet Rating) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is 7.86.

VWE has been the topic of a number of analyst reports. Telsey Advisory Group downgraded shares of Vintage Wine Estates from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $12.00 to $6.00 in a research report on Wednesday, September 14th. Citigroup dropped their price objective on shares of Vintage Wine Estates from $9.00 to $5.00 and set a “buy” rating on the stock in a report on Friday. Canaccord Genuity Group downgraded shares of Vintage Wine Estates from a “buy” rating to a “hold” rating and dropped their price objective for the company from $15.00 to $5.50 in a report on Wednesday, September 14th. Cowen decreased their target price on shares of Vintage Wine Estates to $7.50 in a research note on Thursday. Finally, Canaccord Genuity Group cut shares of Vintage Wine Estates from a “buy” rating to a “hold” rating and decreased their target price for the company from $15.00 to $5.50 in a research note on Wednesday, September 14th.

Vintage Wine Estates Price Performance

VWE stock opened at 3.10 on Wednesday. Vintage Wine Estates has a 12 month low of 3.00 and a 12 month high of 12.38. The company has a current ratio of 1.52, a quick ratio of 0.66 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of 6.40 and a 200 day moving average price of 8.10. The stock has a market cap of $191.24 million, a PE ratio of 6.60 and a beta of 0.84.

Vintage Wine Estates (NASDAQ:VWEGet Rating) last posted its quarterly 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%. Equities research analysts anticipate that Vintage Wine Estates will post 0.33 earnings per share for the current year.

Hedge Funds Weigh In On Vintage Wine Estates

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Stephens Inc. AR raised its stake in shares of Vintage Wine Estates by 17.3% during the 4th quarter. Stephens Inc. AR now owns 61,393 shares of the company’s stock worth $726,000 after buying an additional 9,036 shares during the last quarter. Nkcfo LLC acquired a new position in shares of Vintage Wine Estates during the 1st quarter worth $266,000. Qube Research & Technologies Ltd raised its stake in shares of Vintage Wine Estates by 43.9% during the 1st quarter. Qube Research & Technologies Ltd now owns 27,728 shares of the company’s stock worth $274,000 after buying an additional 8,462 shares during the last quarter. Sterneck Capital Management LLC raised its stake in shares of Vintage Wine Estates by 36.0% during the 1st quarter. Sterneck Capital Management LLC now owns 14,305 shares of the company’s stock worth $141,000 after buying an additional 3,784 shares during the last quarter. Finally, PEAK6 Investments LLC acquired a new position in shares of Vintage Wine Estates during the 4th quarter worth $691,000. 46.63% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Vintage Wine Estates (NASDAQ:VWE)

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