Vintage Wine Estates, Inc. (NASDAQ:VWE) Receives Consensus Rating of “Buy” from Analysts

Vintage Wine Estates, Inc. (NASDAQ:VWEGet Rating) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is 14.50.

Separately, Zacks Investment Research raised shares of Vintage Wine Estates from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th.

Shares of VWE stock opened at 7.83 on Friday. The business’s fifty day simple moving average is 9.47 and its 200-day simple moving average is 9.76. The company has a market cap of $483.04 million and a PE ratio of 783.78. The company has a current ratio of 1.85, a quick ratio of 0.72 and a debt-to-equity ratio of 0.48. Vintage Wine Estates has a 12-month low of 7.60 and a 12-month high of 13.48.

Vintage Wine Estates (NASDAQ:VWEGet Rating) last released its earnings results on Monday, February 14th. The company reported 0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of 0.26 by -0.09. The company had revenue of 83.61 million during the quarter, compared to analysts’ expectations of 81.70 million. On average, equities analysts forecast that Vintage Wine Estates will post 0.33 earnings per share for the current year.

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