SEC Form SC 13G/A filed by Vintage Wine Estates Inc. (Amendment)
$VWE
Beverages (Production/Distribution)
Consumer Staples
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 2/9/2023 | $2.00 → $1.00 | Hold → Sell | Canaccord Genuity |
| 2/9/2023 | $3.50 → $1.50 | Market Perform → Underperform | Telsey Advisory Group |
| 12/9/2022 | $3.50 | Market Perform → Outperform | Telsey Advisory Group |
| 11/10/2022 | $3.00 | Buy → Neutral | DA Davidson |
| 10/4/2022 | $9.00 → $3.00 | Buy → Neutral | DA Davidson |
| 9/14/2022 | $15.00 → $5.50 | Buy → Hold | Canaccord Genuity |
| 9/14/2022 | $12.00 → $6.00 | Outperform → Market Perform | Telsey Advisory Group |
| 8/2/2022 | $10.00 → $9.00 | Buy | Citigroup |
3 - Vintage Wine Estates, Inc. (0001834045) (Issuer)
3 - Vintage Wine Estates, Inc. (0001834045) (Issuer)
4 - Vintage Wine Estates, Inc. (0001834045) (Issuer)
Chapter 11 filing is intended to enable Company to address debt obligations and pursue asset sales $60.5 million debtor-in-possession financing Sale of Cosentino real property and equipment with proceeds of $10.5 million Vintage Wine Estates, Inc. (NASDAQ:VWE) (the "Company") announced today that the Company and certain of its subsidiaries (such subsidiaries, each a "Debtor," and together with the Company, the "Debtors") filed a voluntary petition for reorganization (collectively, the "Chapter 11 Cases") under chapter 11 of title 11 of the United States Code (the "Bankruptcy Code") in the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court"). This pr
Vintage Wine Estates, Inc. (NASDAQ:VWE) (the "Company") today announced that the Company and its lender group have amended the amended and restated forbearance agreement dated April 2, 2024 (as amended, the "amended forbearance agreement") to extend the forbearance period to June 4, 2024. The lenders have also agreed to defer the $10 million principal payment previously due at May 15, 2024 to June 17, 2024. Under the amendment to the amended and restated forbearance agreement, the lender group has agreed to not exercise any rights and remedies until June 4, 2024, so long as the Company complies with the terms of the amended forbearance agreement and otherwise remains in compliance with th
Brings extensive experience with financial restructurings, financings, and complex negotiations Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company") today announced the appointment of Steven Strom to its Board of Directors, as of March 28, 2024. As an independent director, Mr. Strom will serve as the Chair of the Finance Committee, which also includes Robert L. Berner III, Mark Harms, Jon Moramarco and Patrick Roney. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240402236199/en/(Photo: Business Wire) "We are excited to add Steven's significant experience in completing challenging financings and financial restruc
4 - Vintage Wine Estates, Inc. (0001834045) (Issuer)
4 - Vintage Wine Estates, Inc. (0001834045) (Issuer)
4 - Vintage Wine Estates, Inc. (0001834045) (Issuer)
S-8 POS - Vintage Wine Estates, Inc. (0001834045) (Filer)
POS AM - Vintage Wine Estates, Inc. (0001834045) (Filer)
POS AM - Vintage Wine Estates, Inc. (0001834045) (Filer)
SC 13G/A - Vintage Wine Estates, Inc. (0001834045) (Subject)
SC 13G/A - Vintage Wine Estates, Inc. (0001834045) (Subject)
SC 13D/A - Vintage Wine Estates, Inc. (0001834045) (Subject)
Canaccord Genuity downgraded Vintage Wine Estates from Hold to Sell and set a new price target of $1.00 from $2.00 previously
Telsey Advisory Group downgraded Vintage Wine Estates from Market Perform to Underperform and set a new price target of $1.50 from $3.50 previously
Telsey Advisory Group upgraded Vintage Wine Estates from Market Perform to Outperform and set a new price target of $3.50
Leadership accelerating efforts to streamline business model with focus on branded Super Premium+ wine and cider across wholesale and direct-to-consumer ("DTC") channels Measurable progress on monetization of non-core production services and stand-alone DTC platforms to support debt reduction Lenders aligned on turnaround and restructuring plan; forbearance agreement provides time for amendment discussions Planning to report second quarter fiscal 2024 results on March 12, 2024 Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the top wine producers in the U.S., today provided an update on the business to include its progress with restructuring and a
Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today reported its financial results for the first three months of fiscal 2024 ended September 30, 2023 ("first quarter fiscal 2024"). Seth Kaufman, President and CEO commented, "These are exciting times for VWE, and I am pleased to be a part of the journey to turn the business around and define our new direction. While the business is beginning to stabilize, we still have much work to do. We will continue to execute the Five-Point Plan which defines our focus as we work through this transition year. We are intent upon driving im
Seth Kaufman joined VWE as President and CEO on October 30, 2023, and brings extensive leadership experience from large consumer-oriented brand enterprises including his most recent role as President & CEO of Moët Hennessy Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the fastest-growing wine producers in the U.S. with an industry leading direct-to-customer platform, announced today that Seth Kaufman, President and CEO, completed his first week at VWE having joined the Company on October 30, 2023. For the last four years, Mr. Kaufman has been President & CEO of Moët Hennessy North America, the $2.5 billion North American wine & spirits business of LVMH (ENXTPA:
Brings extensive experience with financial restructurings, financings, and complex negotiations Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company") today announced the appointment of Steven Strom to its Board of Directors, as of March 28, 2024. As an independent director, Mr. Strom will serve as the Chair of the Finance Committee, which also includes Robert L. Berner III, Mark Harms, Jon Moramarco and Patrick Roney. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240402236199/en/(Photo: Business Wire) "We are excited to add Steven's significant experience in completing challenging financings and financial restruc
Selected to lead consumer-centric growth agenda and foster data-driven culture to define market opportunities, optimize portfolio strategy and strengthen brand desirability in-service of a virtuous marketing cycle Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the top wine producers in the U.S., today announced the appointment of Ryan Watson as Chief Marketing Officer ("CMO"). Mr. Watson joins VWE with nearly 20 years' experience in global, data-driven, consumer-oriented marketing and transformational strategies in both B2B and B2C verticals across a variety of industries. He will begin his duties on January 16, 2024. This press release features multimedia. View
Vintage Wine Estates, Inc. (NASDAQ:VWE) ("VWE" or the "Company"), one of the top wine producers in the U.S. with an industry leading direct-to-consumer platform, today announced the appointment of Farzana Shubarna in the newly created role of Vice President of Operations. Ms. Shubarna brings extensive international experience driving value creation from her strategic leadership roles in manufacturing, warehousing, sustainability programs and end-to-end supply chain operations for the fast-moving consumer goods and nutrition industries. "VWE is strategically looking for the highest level of talent in the marketplace today," said Zach Long, Chief Operations Officer, Vintage Wine Estates. "W
Shares of General Dynamics Corporation (NYSE:GD) fell sharply during Wednesday's session after the company reported worse-than-expected second-quarter EPS results. Revenue for the quarter increased 18% year-over-year to $11.976 billion, beating the consensus of $11.438 billion. EPS of $3.26 (up 20.7% YoY) missed the consensus of $3.29, according to data from Benzinga Pro. General Dynamics shares declined 5.2% to $279.26 on Wednesday. Here are some other stocks moving in today’s mid-day session. Gainers NuZee, Inc. (NASDAQ:NUZE) jumped 192% to $3.01. Dermata Therapeutics, Inc. (NASDAQ:DRMA) rose 142.4% to $3.0799 after falling over 22% on Tuesday. Selina Hospitality PLC
Vintage Wine Estates Inc (NASDAQ:VWE) shares are trading lower by 32.6% to $0.07 during Wednesday’s session after the company announced a bankruptcy filing and a voluntary delisting and SEC deregistration. What Happened? Vintage Wine Estates and its subsidiaries have filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Delaware. The company aims to address its debt obligations through this structured process while pursuing asset sales. Facing severe financial challenges, VWE explored several options, ultimately deciding to monetize all assets to maximize value. The company has filed motions to continue operations and to seek approval for asset sa
U.S. stocks traded lower this morning, with the Dow Jones dipping around 400 points on Wednesday. Following the market opening Wednesday, the Dow traded down 0.99% to 39,957.30 while the NASDAQ fell 2.08% to 17,622.81. The S&P 500 also fell, dropping, 1.47% to 5,473.80. Check This Out: Jim Cramer Calls Axsome A ‘Double Or Nothing Stock,’ Says SAP Is ‘Incredible’ Leading and Lagging SectorsUtilities shares jumped by 0.3% on Wednesday. In trading on Wednesday, consumer discretionary shares fell by 2.7%. Top Headline Alphabet Inc (NASDAQ:GOOG) posted better-than-expected earnings and sales results for its second quarter. Alphabet reported second-quarter revenue of $84.742