Majestic Wine said on Thursday that it swung to a profit in the year to 2 April 2018 but warned that it expects the market to remain tough.
Sage Group: JP Morgan downgrades to neutral with a target price of 670p.
Majestic Wine said on Tuesday that it plans to invest up to £12m a year to attract new customers, a move that will cut its earnings for next year by up to £3m.
Mothercare: JP Morgan downgrades to underweight with a target price of 40p.
Investec on Tuesday reiterated its 'buy' recommendation for Majestic Wines, saying 2018 was "increasingly becoming an inflexion point", as the company reported Christmas trading figures.
Majestic Wine said it had put in a "robust" performance in tough Christmas trading conditions with revenues up 3.2% in the 10 weeks to January 1.
Majestic Wine said it was on track to meet expectations for annual profit after notching up strong growth in the first half.
Majestic Wine chief executive Rowan Gormley has sold £529,000 worth of shares in the retailer two years after his Naked Wines business was acquired and a few days after chairman stepped down.
Majestic Wine delivered a mixed set of results as it continued to progress on it turn-around plan but kept its dividend steady in a show of confidence about the future.
John Colley, managing director of Majestic Retail at Majestic Wine, has decided to step down to take a new role closer to his young children in the South of England, with his last day being 31 May.
Majestic Wine's retail business had its biggest Christmas ever with sales up 7.5% as overall revenue grew.
Sell shares in Mitie, said the Sunday Times' Inside the City column, though there's no time to do this before Monday's likely "ugly" set of interim numbers. Outgoing boss Ruby McGregor-Smith, who will step down next month, warned on profits and the half-time report may see further downgrades, including to the dividend.
Majestic Wine reported a pre-tax loss for the six months to 26 September, mainly on the back of acquisition costs, but reinstated its dividend.
Buy Majestic Wine shares, recommended the Sunday Times' Inside the City column, after their halving over the last two years. New chief executive Rowan Gormley took over with a turnaround objective after a series of profit warnings, the latest in September. He has set a target of driving sales around £100m higher to above £500m in three years' time, with a return to dividends in 2017.
Majestic Wine has announced that it will be offering next day delivery for its full range of 1,250 wines by 2 November 2016 in time for the start of the peak Christmas trading period.
Majestic Wine's shares fell on Friday as Canaccord Genuity reiterated a 'sell' rating and cut the target price to 290p from 350p.
Majestic Wine shares tumbled on Wednesday after the company said it expects 2017 profits to be below current market expectations due to lower-than-expected sales in its commercial business and investment in the US division of Naked Wines.
The ever expanding delivery business Deliveroo is extending its bicycle courier service to bring alcohol to thirsty UK customers' doorsteps.
Majestic Wine posted a big drop in full-year profit despite a surge in revenue, as the acquisition of Naked Wines hit profitability.
Peel Hunt initiated coverage of Majestic Wine at 'buy' with a 540p price target.