Willamette Valley Vineyards (NASDAQ:WVVI) Issues Quarterly Earnings Results

Willamette Valley Vineyards (NASDAQ:WVVI) released its earnings results on Thursday. The company reported ($0.33) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $8.90 million during the quarter. Willamette Valley Vineyards had a negative return on equity of 10.31% and a negative net margin of 5.93%.

Willamette Valley Vineyards Price Performance

WVVI opened at $1.51 on Friday. Willamette Valley Vineyards has a fifty-two week low of $1.51 and a fifty-two week high of $3.40. The business has a 50-day moving average of $1.91 and a 200-day moving average of $2.45. The company has a quick ratio of 0.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.58.

Hedge Funds Weigh In On Willamette Valley Vineyards

A hedge fund recently bought a new stake in Willamette Valley Vineyards stock. EP Wealth Advisors LLC acquired a new stake in shares of Willamette Valley Vineyards, Inc. (NASDAQ:WVVI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 16,168 shares of the company’s stock, valued at approximately $41,000. EP Wealth Advisors LLC owned approximately 0.32% of Willamette Valley Vineyards as of its most recent filing with the Securities & Exchange Commission. 12.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Willamette Valley Vineyards in a report on Monday, September 21st. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.

About Willamette Valley Vineyards

Willamette Valley Vineyards, Inc. is an Oregon-based wine producer founded in 1983 by Jim Bernau. The company focuses on producing premium wines from grapes grown in Oregon, with an emphasis on Pinot Noir, along with Chardonnay, Pinot Gris, Riesling and other varietals. The company owns and manages estate vineyards in Oregon’s Willamette Valley and sources grapes from additional vineyards in the state. Its products are sold under the Willamette Valley Vineyards brand and other labels, including wines associated with its estate and regional wine operations.