Massachusetts Financial Services Co. MA Increases Position in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Massachusetts Financial Services Co. MA grew its holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 2.6% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 3,831,391 shares of the company’s stock after buying an additional 98,038 shares during the period. Massachusetts Financial Services Co. MA owned 2.61% of Duckhorn Portfolio worth $27,203,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Duckhorn Portfolio by 3.7% in the first quarter. Vanguard Group Inc. now owns 5,274,221 shares of the company’s stock valued at $49,103,000 after buying an additional 190,083 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Duckhorn Portfolio by 7.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,577,702 shares of the company’s stock valued at $35,241,000 after buying an additional 254,641 shares during the last quarter. Westwood Holdings Group Inc. raised its holdings in shares of Duckhorn Portfolio by 4.6% in the first quarter. Westwood Holdings Group Inc. now owns 3,523,191 shares of the company’s stock valued at $32,801,000 after buying an additional 154,320 shares during the last quarter. Kennedy Capital Management LLC raised its holdings in shares of Duckhorn Portfolio by 41.2% in the first quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock valued at $4,261,000 after buying an additional 133,579 shares during the last quarter. Finally, Chilton Investment Co. Inc. raised its holdings in shares of Duckhorn Portfolio by 34.7% in the fourth quarter. Chilton Investment Co. Inc. now owns 412,041 shares of the company’s stock valued at $4,059,000 after buying an additional 106,184 shares during the last quarter.

Duckhorn Portfolio Trading Down 3.9 %

Shares of NAPA opened at $5.70 on Friday. The company has a current ratio of 8.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average is $6.61 and its two-hundred day moving average is $7.61. The Duckhorn Portfolio, Inc. has a twelve month low of $5.55 and a twelve month high of $12.18. The firm has a market capitalization of $838.20 million, a P/E ratio of 10.56, a PEG ratio of 4.76 and a beta of 0.22.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on NAPA. Citigroup reduced their target price on shares of Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating for the company in a report on Friday, June 7th. BMO Capital Markets dropped their price target on shares of Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Friday, June 7th. Finally, Royal Bank of Canada dropped their price target on shares of Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Duckhorn Portfolio has a consensus rating of “Hold” and an average price target of $9.86.

Duckhorn Portfolio Profile

The Duckhorn Portfolio, Inc produces and sells wines in North America. The company offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. It sells wines to distributors, and directly to retail accounts and consumers.