Village Farms International (NASDAQ:VFF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Village Farms International (NASDAQ:VFF) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.

VFF has been the subject of several other reports. Zacks Research raised shares of Village Farms International from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings raised shares of Village Farms International from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, October 12th. Two analysts have rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

Village Farms International Stock Performance

Shares of Village Farms International stock opened at $2.54 on Friday. The firm has a market cap of $310.62 million, a PE ratio of 14.06 and a beta of 1.34. The firm’s 50-day simple moving average is $2.79 and its 200-day simple moving average is $2.49. The company has a debt-to-equity ratio of 0.13, a quick ratio of 2.25 and a current ratio of 3.17. Village Farms International has a 1 year low of $1.80 and a 1 year high of $4.99.

Village Farms International (NASDAQ:VFF) last issued its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.02 by $0.04. Village Farms International had a net margin of 9.85% and a return on equity of 7.62%. The business had revenue of $63.98 million for the quarter, compared to analysts’ expectations of $56.30 million. Equities analysts forecast that Village Farms International will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Christopher C. Woodward bought 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were acquired at an average cost of $3.06 per share, for a total transaction of $30,600.00. Following the acquisition, the director directly owned 171,526 shares of the company’s stock, valued at $524,869.56. The trade was a 6.19% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 13.20% of the stock is owned by insiders.

Hedge Funds Weigh In On Village Farms International

A number of hedge funds and other institutional investors have recently modified their holdings of VFF. Renaissance Technologies LLC increased its stake in Village Farms International by 3.9% in the 1st quarter. Renaissance Technologies LLC now owns 1,318,066 shares of the company’s stock worth $3,743,000 after purchasing an additional 49,500 shares in the last quarter. Key Client Fiduciary Advisors LLC raised its holdings in Village Farms International by 116.6% during the 2nd quarter. Key Client Fiduciary Advisors LLC now owns 1,334,631 shares of the company’s stock worth $2,663,000 after buying an additional 718,382 shares during the period. State of Wyoming raised its holdings in Village Farms International by 17.4% during the 1st quarter. State of Wyoming now owns 171,807 shares of the company’s stock worth $488,000 after buying an additional 25,524 shares during the period. JB Capital Partners LP purchased a new stake in Village Farms International during the second quarter valued at about $360,000. Finally, Empowered Funds LLC purchased a new stake in Village Farms International during the first quarter valued at about $284,000. Institutional investors and hedge funds own 12.15% of the company’s stock.

About Village Farms International

Village Farms International, Inc is an agriculture company focused on growing and distributing fresh produce and cannabis. Through its produce operations, the company supplies greenhouse-grown tomatoes, cucumbers, peppers and other produce under the Village Farms brand and various retailer and foodservice labels.

Founded in 1989, Village Farms operates greenhouse facilities in North America and serves customers primarily in the United States and Canada. Its controlled-environment agriculture model is designed to provide consistent, locally grown produce throughout the year.

The company also operates in the Canadian cannabis market through Pure Sunfarms, a wholly owned subsidiary and licensed cannabis producer.