Willamette Valley Vineyards (NASDAQ:WVVI) Receives New Coverage from Analysts at StockNews.com

Research analysts at StockNews.com began coverage on shares of Willamette Valley Vineyards (NASDAQ:WVVI) in a report released on Tuesday. The brokerage set a “hold” rating on the stock.

Willamette Valley Vineyards Stock Down 2.0 %

NASDAQ WVVI opened at $4.42 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.28 and a current ratio of 2.33. The firm has a 50-day simple moving average of $5.05 and a 200 day simple moving average of $5.24. Willamette Valley Vineyards has a twelve month low of $4.42 and a twelve month high of $6.59. The stock has a market cap of $21.92 million, a PE ratio of -6.80 and a beta of 0.70.

Willamette Valley Vineyards (NASDAQ:WVVI) last posted its quarterly earnings results on Tuesday, March 26th. The company reported ($0.15) earnings per share (EPS) for the quarter. Willamette Valley Vineyards had a negative return on equity of 4.09% and a negative net margin of 3.06%. The business had revenue of $10.75 million during the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in WVVI. UBS Group AG raised its position in Willamette Valley Vineyards by 102.8% in the third quarter. UBS Group AG now owns 5,140 shares of the company’s stock worth $32,000 after purchasing an additional 2,605 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Willamette Valley Vineyards during the second quarter worth approximately $81,000. Creative Planning increased its holdings in shares of Willamette Valley Vineyards by 99.4% during the third quarter. Creative Planning now owns 31,100 shares of the company’s stock worth $183,000 after buying an additional 15,500 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Willamette Valley Vineyards by 4.1% during the first quarter. Vanguard Group Inc. now owns 213,403 shares of the company’s stock worth $1,931,000 after buying an additional 8,461 shares in the last quarter. Institutional investors and hedge funds own 12.24% of the company’s stock.

About Willamette Valley Vineyards

Willamette Valley Vineyards, Inc produces and sells wine in the United States and internationally. The company operates through two segments, Direct Sales and Distributor Sales. It primarily offers Pinot Noir, Chardonnay, Pinot Gris, Pinot Blanc, Sauvignon Blanc, Gruner Veltliner, Rose, Brut, Brut Rose, and Riesling branded wines under the Willamette Valley Vineyards label; Semi-Sparkling Muscat branded wine under the Tualatin Estate Vineyards label; Syrah, Merlot, Cabernet Sauvignon, Grenache, Cabernet Franc, Tempranillo, Malbec, The Griffin, and Viognier branded wines under the Griffin Creek label; and Brut, Brut Rose, and Blanc de Blancs under the Domaine Willamette label.