Dark Forest Capital Management LP Sells 4,600 Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Dark Forest Capital Management LP lowered its stake in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 6.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,291 shares of the company’s stock after selling 4,600 shares during the quarter. Dark Forest Capital Management LP’s holdings in Duckhorn Portfolio were worth $449,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Westwood Holdings Group Inc. grew its holdings in shares of Duckhorn Portfolio by 32.5% during the 4th quarter. Westwood Holdings Group Inc. now owns 3,368,871 shares of the company’s stock worth $33,183,000 after purchasing an additional 825,730 shares in the last quarter. Marshall Wace LLP bought a new stake in Duckhorn Portfolio during the second quarter worth about $2,519,000. Dimensional Fund Advisors LP lifted its position in Duckhorn Portfolio by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,577,702 shares of the company’s stock worth $35,241,000 after purchasing an additional 254,641 shares during the period. First Eagle Investment Management LLC grew its stake in Duckhorn Portfolio by 226.3% during the first quarter. First Eagle Investment Management LLC now owns 358,972 shares of the company’s stock worth $3,342,000 after buying an additional 248,972 shares in the last quarter. Finally, Raymond James & Associates bought a new position in Duckhorn Portfolio in the 2nd quarter valued at about $1,466,000.

Analysts Set New Price Targets

Several analysts recently issued reports on NAPA shares. BMO Capital Markets reduced 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 report on Friday, June 7th. Citigroup cut their target price on Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, June 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, Duckhorn Portfolio has a consensus rating of “Hold” and a consensus target price of $9.86.

Duckhorn Portfolio Stock Performance

NYSE NAPA opened at $5.89 on Friday. The Duckhorn Portfolio, Inc. has a fifty-two week low of $5.49 and a fifty-two week high of $11.58. The stock has a market cap of $866.12 million, a PE ratio of 10.91, a PEG ratio of 4.86 and a beta of 0.22. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.04 and a current ratio of 8.09. The firm’s fifty day moving average price is $6.43 and its two-hundred day moving average price is $7.49.

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.