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

Village Farms International (NASDAQ:VFF) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Other research analysts also recently issued research reports about the stock. Zacks Research upgraded shares of Village Farms International from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Weiss Ratings upgraded Village Farms International from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday. Two equities research analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Village Farms International presently has an average rating of “Hold”.

Village Farms International Stock Down 2.7%

NASDAQ:VFF opened at $2.53 on Friday. The business’s fifty day moving average price is $2.79 and its 200 day moving average price is $2.50. Village Farms International has a 1-year low of $1.80 and a 1-year high of $4.99. The firm has a market capitalization of $309.39 million, a price-to-earnings ratio of 14.44 and a beta of 1.34. The company has a current ratio of 3.17, a quick ratio of 2.25 and a debt-to-equity ratio of 0.13.

Village Farms International (NASDAQ:VFF) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of $0.02 by $0.04. The business had revenue of $63.98 million for the quarter, compared to analysts’ expectations of $56.30 million. Village Farms International had a net margin of 9.85% and a return on equity of 7.62%. On average, sell-side analysts forecast that Village Farms International will post 0.17 earnings per share for the current fiscal year.

Insider Activity at Village Farms International

In related news, Director Christopher C. Woodward bought 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 22nd. The stock was bought at an average cost of $3.06 per share, for a total transaction of $30,600.00. Following the transaction, the director owned 171,526 shares of the company’s stock, valued at $524,869.56. This represents a 6.19% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 13.20% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of VFF. Key Client Fiduciary Advisors LLC lifted its holdings in shares of 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 valued at $2,663,000 after purchasing an additional 718,382 shares in the last quarter. Renaissance Technologies LLC raised its position in Village Farms International by 3.9% during the first quarter. Renaissance Technologies LLC now owns 1,318,066 shares of the company’s stock worth $3,743,000 after acquiring an additional 49,500 shares in the last quarter. JB Capital Partners LP bought a new stake in shares of Village Farms International in the 2nd quarter valued at about $360,000. State of Wyoming lifted its stake in Village Farms International by 17.4% in the 1st quarter. State of Wyoming now owns 171,807 shares of the company’s stock valued at $488,000 after purchasing an additional 25,524 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in Village Farms International during the second quarter worth approximately $249,000. Institutional investors own 12.15% of the company’s stock.

About Village Farms International

Village Farms International, Inc is an agriculture company focused on growing and distributing fresh produce and cannabis. Through its produce operations, the company supplies greenhouse-grown tomatoes, cucumbers, peppers and other produce under the Village Farms brand and various retailer and foodservice labels.

Founded in 1989, Village Farms operates greenhouse facilities in North America and serves customers primarily in the United States and Canada. Its controlled-environment agriculture model is designed to provide consistent, locally grown produce throughout the year.

The company also operates in the Canadian cannabis market through Pure Sunfarms, a wholly owned subsidiary and licensed cannabis producer.