The Duckhorn Portfolio, Inc. (NYSE:NAPA) Given Average Recommendation of “Hold” by Brokerages

The Duckhorn Portfolio, Inc. (NYSE:NAPA) has been assigned an average rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $10.01.

A number of equities research analysts recently issued reports on NAPA shares. Barclays upped their target price on Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research note on Tuesday, October 8th. Jefferies Financial Group downgraded Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price objective on the stock. in a research report on Friday, December 6th. Finally, Royal Bank of Canada lowered Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and increased their price objective for the company from $11.00 to $11.10 in a research note on Friday, October 11th.

Institutional Investors Weigh In On Duckhorn Portfolio

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in Duckhorn Portfolio in the 2nd quarter worth about $343,000. Raymond James & Associates purchased a new position in shares of Duckhorn Portfolio during the 2nd quarter worth about $1,466,000. Bank of New York Mellon Corp boosted its position in shares of Duckhorn Portfolio by 15.8% in the second quarter. Bank of New York Mellon Corp now owns 242,539 shares of the company’s stock worth $1,722,000 after acquiring an additional 33,024 shares during the last quarter. Moloney Securities Asset Management LLC grew its holdings in Duckhorn Portfolio by 26.9% in the second quarter. Moloney Securities Asset Management LLC now owns 70,151 shares of the company’s stock valued at $498,000 after purchasing an additional 14,887 shares during the period. Finally, Rhumbline Advisers increased its position in Duckhorn Portfolio by 7.4% during the second quarter. Rhumbline Advisers now owns 79,865 shares of the company’s stock worth $567,000 after purchasing an additional 5,497 shares during the last quarter.

Duckhorn Portfolio Price Performance

Duckhorn Portfolio stock opened at $11.11 on Wednesday. The firm has a market capitalization of $1.64 billion, a PE ratio of 26.45, a P/E/G ratio of 11.35 and a beta of 0.03. Duckhorn Portfolio has a 52 week low of $5.38 and a 52 week high of $11.11. The firm’s 50-day simple moving average is $11.02 and its 200 day simple moving average is $8.36. The company has a quick ratio of 0.61, a current ratio of 3.73 and a debt-to-equity ratio of 0.22.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings results on Monday, October 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. The company had revenue of $107.40 million for the quarter, compared to the consensus estimate of $104.76 million. Duckhorn Portfolio had a net margin of 12.12% and a return on equity of 6.30%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.14 earnings per share. On average, equities research analysts predict that Duckhorn Portfolio will post 0.6 EPS 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.