The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives Consensus Rating of “Hold” from Brokerages

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) have been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $10.30.

NAPA has been the subject of several research reports. Barclays lifted their price target on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Royal Bank of Canada downgraded shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and upped their price objective for the stock from $11.00 to $11.10 in a report on Friday, October 11th.

Hedge Funds Weigh In On Duckhorn Portfolio

A number of hedge funds have recently modified their holdings of NAPA. DekaBank Deutsche Girozentrale acquired a new stake in shares of Duckhorn Portfolio during the third quarter valued at approximately $31,000. Ballentine Partners LLC acquired a new stake in Duckhorn Portfolio during the third quarter valued at $89,000. nVerses Capital LLC increased its holdings in Duckhorn Portfolio by 458.6% in the third quarter. nVerses Capital LLC now owns 16,200 shares of the company’s stock worth $94,000 after buying an additional 13,300 shares during the last quarter. ZWJ Investment Counsel Inc. acquired a new position in shares of Duckhorn Portfolio during the 3rd quarter worth $88,000. Finally, Creative Planning raised its holdings in Duckhorn Portfolio by 106.4% during the third quarter. Creative Planning now owns 37,221 shares of the company’s stock valued at $216,000 after buying an additional 19,187 shares in the last quarter.

Duckhorn Portfolio Stock Up 0.1 %

Shares of NYSE NAPA opened at $10.96 on Tuesday. The stock’s 50-day simple moving average is $7.59 and its 200-day simple moving average is $7.56. Duckhorn Portfolio has a 1 year low of $5.38 and a 1 year high of $11.08. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 23.32, a PEG ratio of 9.44 and a beta of 0.21. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 8.05.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings results on Monday, October 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. The business had revenue of $107.40 million for the quarter, compared to analysts’ expectations of $104.76 million. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. As a group, equities analysts anticipate that Duckhorn Portfolio will post 0.6 earnings per share for the current fiscal year.

Duckhorn Portfolio Company 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.