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

Vintage Wine Estates (NASDAQ:VWE – Get Rating) had its target price reduced by Citigroup from $10.00 to $9.00 in a research note released on Tuesday morning, Stock Target Advisor reports. They currently have a buy rating on the stock.

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

Vintage Wine Estates Stock Performance

Shares of VWE stock opened at 7.00 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.69 and a debt-to-equity ratio of 0.45. The business has a 50-day moving average price of 8.16 and a two-hundred day moving average price of 8.65. Vintage Wine Estates has a 12-month low of 6.87 and a 12-month high of 12.38. The firm has a market cap of $426.62 million, a P/E ratio of 116.69 and a beta of 0.69.

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

Institutional Trading of Vintage Wine Estates

A number of hedge funds have recently made changes to their positions in the stock. Gemmer Asset Management LLC lifted its position in Vintage Wine Estates by 55.0% in the 1st quarter. Gemmer Asset Management LLC now owns 3,100 shares of the company’s stock valued at $30,000 after acquiring an additional 1,100 shares in the last quarter. Northern Trust Corp lifted its position in Vintage Wine Estates by 2.6% in the 4th quarter. Northern Trust Corp now owns 51,529 shares of the company’s stock valued at $609,000 after acquiring an additional 1,309 shares in the last quarter. Burleson & Company LLC bought a new position in Vintage Wine Estates in the 1st quarter valued at approximately $35,000. Mirabella Financial Services LLP lifted its position in Vintage Wine Estates by 34.9% in the 1st quarter. Mirabella Financial Services LLP now owns 14,048 shares of the company’s stock valued at $139,000 after acquiring an additional 3,637 shares in the last quarter. Finally, Sterneck Capital Management LLC lifted its position in Vintage Wine Estates by 36.0% in the 1st quarter. Sterneck Capital Management LLC now owns 14,305 shares of the company’s stock valued at $141,000 after acquiring an additional 3,784 shares in the last quarter.

Vintage Wine Estates Company Profile

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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.