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

Willamette Valley Vineyards (NASDAQ:WVVI) released its quarterly earnings results on Wednesday. The company reported ($0.40) EPS for the quarter, Zacks reports. Willamette Valley Vineyards had a negative return on equity of 3.30% and a negative net margin of 1.99%.

Willamette Valley Vineyards Stock Performance

Shares of NASDAQ:WVVI traded up $0.01 during trading hours on Wednesday, hitting $2.31. The stock had a trading volume of 2,637 shares, compared to its average volume of 5,613. The stock’s fifty day simple moving average is $2.64 and its 200 day simple moving average is $2.67. The firm has a market capitalization of $11.52 million, a price-to-earnings ratio of -3.79 and a beta of 0.20. The company has a debt-to-equity ratio of 0.63, a quick ratio of 0.47 and a current ratio of 3.45. Willamette Valley Vineyards has a 1-year low of $2.16 and a 1-year high of $5.10.

Hedge Funds Weigh In On Willamette Valley Vineyards

A number of institutional investors and hedge funds have recently added to or reduced their stakes in WVVI. Raymond James Financial Inc. bought a new stake in Willamette Valley Vineyards during the 2nd quarter valued at $41,000. Susquehanna International Group LLP acquired a new position in Willamette Valley Vineyards during the 3rd quarter worth $39,000. Finally, EP Wealth Advisors LLC bought a new position in shares of Willamette Valley Vineyards in the fourth quarter worth $48,000. 12.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Willamette Valley Vineyards in a research note on Wednesday, June 24th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Willamette Valley Vineyards

Willamette Valley Vineyards, Inc (NASDAQ: WVVI) is an Oregon-based winery specializing in the cultivation, production and marketing of premium cool-climate wines. The company’s core business activities encompass estate vineyard management, winemaking, and direct-to-consumer sales through tasting rooms and wine clubs. Its portfolio features key varietals such as Pinot Noir, Pinot Gris, Chardonnay and Riesling, reflecting the unique terroir of the Willamette Valley American Viticultural Area (AVA).

Founded in 1983 by Jim Bernau, Willamette Valley Vineyards has grown from a small family operation into one of the leading publicly traded wineries in the United States.