Village Farms International (NASDAQ:VFF) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Village Farms International from “hold” to “buy,” though Weiss Ratings maintained a hold rating and MarketBeat reported an overall analyst consensus of “Hold.”
• The company beat quarterly expectations, reporting earnings of $0.08 per share versus $0.05 expected and revenue of $66.9 million versus an estimated $64.38 million.
• Director Christopher C. Woodward bought 10,000 shares for $30,600, increasing his direct ownership by 6.19%.

Village Farms International (NASDAQ:VFF - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday, Wall Street Zen reports.

• Village Farms International NASDAQ: VFF Stock is a Unique Cannabis ESG Play

Separately, Weiss Ratings downgraded shares of Village Farms International from a "hold (c+)" rating to a "hold (c)" rating in a research report on Tuesday, October 27th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of "Hold".

Village Farms International Price Performance

VFF opened at $2.42 on Friday. The firm has a market capitalization of $296.01 million, a PE ratio of 14.11 and a beta of 1.45. The company has a debt-to-equity ratio of 0.10, a current ratio of 3.21 and a quick ratio of 2.25. The business's 50-day moving average is $2.77 and its two-hundred day moving average is $2.66. Village Farms International has a 1 year low of $1.80 and a 1 year high of $4.99.

Village Farms International (NASDAQ:VFF - Get Free Report) last released its quarterly earnings results on Monday, November 9th. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.05 by $0.03. Village Farms International had a net margin of 9.73% and a return on equity of 7.28%. The business had revenue of $66.90 million during the quarter, compared to analyst estimates of $64.38 million. Research analysts anticipate that Village Farms International will post 0.19 earnings per share for the current fiscal year.

Insider Activity at Village Farms International

In other Village Farms International news, Director Christopher C. Woodward acquired 10,000 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was purchased at an average price of $3.06 per share, with a total value of $30,600.00. Following the transaction, the director directly owned 171,526 shares of the company's stock, valued at $524,869.56. This trade represents a 6.19% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 13.20% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Key Client Fiduciary Advisors LLC boosted its holdings in Village Farms International by 116.6% in the second quarter. Key Client Fiduciary Advisors LLC now owns 1,334,631 shares of the company's stock worth $2,663,000 after acquiring an additional 718,382 shares in the last quarter. Ritholtz Wealth Management grew its stake in shares of Village Farms International by 1,028.9% during the third quarter. Ritholtz Wealth Management now owns 457,374 shares of the company's stock worth $1,331,000 after acquiring an additional 416,858 shares during the last quarter. JB Capital Partners LP purchased a new stake in shares of Village Farms International during the second quarter worth about $360,000. Bank of New York Mellon Corp acquired a new position in shares of Village Farms International during the second quarter valued at about $249,000. Finally, Empowered Funds LLC acquired a new position in shares of Village Farms International during the first quarter valued at about $284,000. 12.15% of the stock is owned by institutional investors and hedge funds.

Village Farms International Company Profile

Village Farms International is a North American greenhouse grower and cannabis company headquartered in Delta, British Columbia. Founded in 1989, the company began as a producer of greenhouse vegetables and has expanded into regulated cannabis markets. Its produce business grows and markets greenhouse tomatoes, cucumbers, peppers and other fresh products, primarily for retailers and food-service customers across North America. The company operates greenhouse facilities in Canada and the United States and sells produce under brands that include Village Farms.

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