Vintage Wine Estates is a family of wineries and wines whose singular focus is producing the finest quality wines and incredible customer experiences with wineries throughout Napa, Sonoma, California’s Central Coast, Oregon and Washington State. Since its founding 20 years ago, the Company has become a top 15 U.S. wine producer via organic and acquisitive growth, today selling more than 2 million nine-liter equivalent cases annually. To achieve this growth, the Company curates, creates, stewards and markets its many brands and services to customers and end consumers via a balanced omni-channel strategy encompassing direct-to-consumer, wholesale and exclusive brands arrangements with national retailers. VWE is diverse across price points and varietals with over 50 brands ranging from $10-$150 USD at retail, with the majority selling in the $12-$20 USD price range.
Company profile
Ticker
VWE, VWEWW
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
Bespoke Capital Acquisition Corp
SEC CIK
VWE stock data
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Vintage Wine Estates Receives Notification from Nasdaq Related to Delayed Quarterly Report on Form 10-Q
16 Feb 23
NT 10-Q
Notice of late quarterly filing
8 Feb 23
8-K
Announces Preliminary Unaudited/Unreviewed Second Quarter Fiscal 2023
8 Feb 23
8-K
Departure of Directors or Certain Officers
23 Jan 23
8-K
Entry into a Material Definitive Agreement
19 Dec 22
8-K
Submission of Matters to a Vote of Security Holders
22 Nov 22
10-Q
2022 Q1
Quarterly report
9 Nov 22
8-K
Vintage Wine Estates Net Revenue Grew 40% to $77.9 Million in First Quarter Fiscal 2023
9 Nov 22
EFFECT
Notice of effectiveness
7 Nov 22
424B3
Prospectus supplement
4 Nov 22
Latest ownership filings
SC 13G/A
WASATCH ADVISORS INC
10 Feb 23
4
Terry Wheatley
9 Feb 23
4
Patrick A Roney
9 Feb 23
4
JON MORAMARCO
9 Feb 23
4
Zach Long
9 Feb 23
SC 13G/A
Paradice Investment Management LLC
9 Feb 23
SC 13D/A
Roney Patrick A
17 Jan 23
4
Change in insider ownership
12 Jan 23
4
PAUL S WALSH
11 Jan 23
4
Candice Koederitz
11 Jan 23
Financial summary
| Quarter (USD) | Sep 22 | Jun 22 | Mar 22 | Dec 21 | |
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| Diluted EPS |
| Annual (USD) | Jun 22 | Jun 21 | Dec 20 | |
|---|---|---|---|---|
| Revenue | ||||
| Cost of revenue | ||||
| Operating income | ||||
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| Net income | ||||
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| Change in cash | ||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 44.62 mm | 44.62 mm | 44.62 mm | 44.62 mm | 44.62 mm | 44.62 mm |
| Cash burn (monthly) | 1.89 mm | 6.54 mm | 1.64 mm | 633.92 k | (no burn) | (no burn) |
| Cash used (since last report) | 11.03 mm | 38.15 mm | 9.58 mm | 3.70 mm | n/a | n/a |
| Cash remaining | 33.59 mm | 6.47 mm | 35.04 mm | 40.92 mm | n/a | n/a |
| Runway (months of cash) | 17.8 | 1.0 | 21.3 | 64.6 | n/a | n/a |
Institutional ownership, Q4 2022
| 13F holders | Current |
|---|---|
| Total holders | 85 |
| Opened positions | 23 |
| Closed positions | 20 |
| Increased positions | 21 |
| Reduced positions | 22 |
| 13F shares | Current |
|---|---|
| Total value | 75.30 bn |
| Total shares | 63.08 mm |
| Total puts | 46.50 k |
| Total calls | 60.70 k |
| Total put/call ratio | 0.8 |
| Largest owners | Shares | Value |
|---|---|---|
| Patrick A Roney | 36.65 mm | $137.43 mm |
| Wasatch Advisors | 10.97 mm | $35.75 bn |
| Paradice Investment Management | 3.94 mm | $12.85 bn |
| Vanguard | 2.02 mm | $6.60 bn |
| BLK Blackrock | 1.81 mm | $5.90 bn |
| TGAM Agribusiness Fund | 1.65 mm | $0.00 |
| Fuller & Thaler Asset Management | 710.19 k | $2.32 mm |
| Geode Capital Management | 676.49 k | $2.21 mm |
| Alberta Investment Management | 612.68 k | $2.00 bn |
| Bridgeway Capital Management | 547.82 k | $1.79 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 7 Feb 23 | Jon Moramarco | Common Stock | Grant | Acquire A | No | No | 0 | 100,000 | 0.00 | 129,050 |
| 10 Jan 23 | Candice Koederitz | Common Stock | Other | Acquire J | No | No | 0 | 830 | 0.00 | 19,210 |
| 10 Jan 23 | Walsh Paul S | Common Stock | Other | Acquire J | No | No | 0 | 84,388 | 0.00 | 217,232 |
| 10 Jan 23 | Walsh Paul S | Warrants to purchase common stock Common stock | Other | Acquire J | No | No | 11.5 | 14,351 | 165.04 k | 28,702 |
| 10 Jan 23 | Timothy D Proctor | Common Stock | Other | Acquire J | No | No | 0 | 830 | 0.00 | 39,210 |
| 10 Jan 23 | Bespoke Sponsor Capital | Common Stock | Sell | Dispose S | No | No | 2.96 | 1 | 2.96 | 5,333,334 |
| 10 Jan 23 | Bespoke Sponsor Capital | Common Stock | Other | Dispose J | No | No | 0 | 333,332 | 0.00 | 5,333,335 |
| 10 Jan 23 | Bespoke Sponsor Capital | Warrants to purchase common stock Common Stock | Other | Dispose J | No | No | 11.5 | 444,444 | 5.11 mm | 7,111,112 |
Press releases
Vintage Wine Estates Provides Update on Timing of Reporting
23 Mar 23
VINTAGE WINE ALERT: Bragar Eagel & Squire, P.C. is Investigating Vintage Wine Estates, Inc. on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm
12 Mar 23
Vintage Wine Estates Announces Sale of Tenma Vineyard
10 Mar 23
Stuntman Named U.S. PR Agency of Record for the Italian Trade Agency of New York's USA Food and Wine Campaign
9 Mar 23
Investigation Alert DAKT, OPEN, OLO, and VWE: Johnson Fistel, LLP Encourages Long-Term Investors to Contact the Firm; Should Management be Held Accountable for Investors' Losses?
6 Mar 23