Telsey Advisory Group Reaffirms “Underperform” Rating for Vintage Wine Estates (NASDAQ:VWE)

Posted by Defense World Staff on Apr 8th, 2023

Vintage Wine Estates (NASDAQ:VWE – Get Rating)‘s stock had its “underperform” rating restated by equities research analysts at Telsey Advisory Group in a research note issued to investors on Thursday, Benzinga reports. They currently have a $1.50 target price on the stock. Telsey Advisory Group’s target price points to a potential upside of 37.61% from the company’s current price.

Separately, Canaccord Genuity Group downgraded shares of Vintage Wine Estates from a “hold” rating to a “sell” rating and dropped their price objective for the company from $2.00 to $1.00 in a report on Thursday, February 9th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $3.92.

Vintage Wine Estates Stock Up 9.0 %

VWE opened at $1.09 on Thursday. The firm has a 50-day simple moving average of $1.63 and a two-hundred day simple moving average of $2.56. Vintage Wine Estates has a 52 week low of $0.96 and a 52 week high of $11.15. The company has a market capitalization of $67.24 million, a PE ratio of -36.32 and a beta of 1.35. The company has a quick ratio of 0.52, a current ratio of 1.49 and a debt-to-equity ratio of 0.47.

Hedge Funds Weigh In On Vintage Wine Estates

A number of institutional investors have recently modified their holdings of VWE. Shaolin Capital Management LLC bought a new position in shares of Vintage Wine Estates during the third quarter valued at approximately $178,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Vintage Wine Estates in the third quarter valued at approximately $26,000. Jump Financial LLC boosted its stake in Vintage Wine Estates by 141.3% in the third quarter. Jump Financial LLC now owns 31,800 shares of the company’s stock valued at $88,000 after acquiring an additional 18,620 shares in the last quarter. SG Americas Securities LLC boosted its stake in Vintage Wine Estates by 100.0% in the third quarter. SG Americas Securities LLC now owns 21,485 shares of the company’s stock valued at $60,000 after acquiring an additional 10,743 shares in the last quarter. Finally, UBS Group AG boosted its stake in Vintage Wine Estates by 7,240.4% in the fourth quarter. UBS Group AG now owns 8,368 shares of the company’s stock valued at $27,000 after acquiring an additional 8,254 shares in the last quarter. 41.25% of the stock is owned by hedge funds and other institutional investors.

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, Cameron Hughes, Clos Pegase, B.R. Cohn, Firesteed, Bar Dog, Kunde, Cherry Pie, and others. It also owns and operates hospitality facilities; and provides bottling, fulfillment, and storage services to other companies on a contract basis.