Duckhorn Portfolio (NYSE:NAPA) Cut to Hold at Jefferies Financial Group

Jefferies Financial Group lowered shares of Duckhorn Portfolio (NYSE:NAPA) from a buy rating to a hold rating in a research report report published on Friday, Marketbeat.com reports. The firm currently has $11.00 target price on the stock.

Other equities research analysts also recently issued research reports about the stock. Royal Bank of Canada downgraded shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their target price for the company from $11.00 to $11.10 in a research note on Friday, October 11th. Barclays increased their target price on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $10.01.

Duckhorn Portfolio Price Performance

Shares of NYSE:NAPA opened at $11.06 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.33 and a current ratio of 8.05. The firm has a fifty day moving average price of $10.45 and a 200 day moving average price of $8.15. Duckhorn Portfolio has a fifty-two week low of $5.38 and a fifty-two week high of $11.10. The firm has a market cap of $1.63 billion, a price-to-earnings ratio of 26.33, a P/E/G ratio of 9.51 and a beta of 0.03.

Duckhorn Portfolio (NYSE:NAPA) last issued its earnings results on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.04. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The firm had revenue of $107.40 million during the quarter, compared to analyst estimates of $104.76 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. Duckhorn Portfolio’s revenue for the quarter was up 7.3% on a year-over-year basis. As a group, sell-side analysts expect that Duckhorn Portfolio will post 0.6 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NAPA. Atom Investors LP purchased a new position in Duckhorn Portfolio during the 3rd quarter valued at about $2,327,000. Marshall Wace LLP purchased a new position in Duckhorn Portfolio during the 2nd quarter valued at about $2,519,000. Verition Fund Management LLC increased its position in Duckhorn Portfolio by 21.9% during the 3rd quarter. Verition Fund Management LLC now owns 1,478,234 shares of the company’s stock valued at $8,589,000 after purchasing an additional 265,255 shares during the period. Raymond James & Associates purchased a new position in Duckhorn Portfolio during the 2nd quarter valued at about $1,466,000. Finally, River Road Asset Management LLC boosted its holdings in shares of Duckhorn Portfolio by 6.1% in the 3rd quarter. River Road Asset Management LLC now owns 3,312,046 shares of the company’s stock valued at $19,243,000 after buying an additional 190,498 shares in the last quarter.

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.