Duckhorn Portfolio (NYSE:NAPA – Get Free Report) had its target price dropped by Barclays from $8.00 to $6.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Barclays‘s target price would indicate a potential upside of 11.11% from the company’s previous close.
A number of other brokerages have also commented on NAPA. BMO Capital Markets decreased 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 report on Friday, June 7th. Citigroup decreased their price target on shares of Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, June 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $9.57.
View Our Latest Report on NAPA
Duckhorn Portfolio Price Performance
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. Simon Quick Advisors LLC purchased a new position in shares of Duckhorn Portfolio in the second quarter worth $85,000. Canada Pension Plan Investment Board purchased a new stake in shares of Duckhorn Portfolio during the second quarter valued at about $101,000. Bayesian Capital Management LP purchased a new stake in shares of Duckhorn Portfolio during the first quarter valued at about $133,000. Bleakley Financial Group LLC purchased a new stake in shares of Duckhorn Portfolio during the first quarter valued at about $136,000. Finally, Price T Rowe Associates Inc. MD lifted its position in shares of Duckhorn Portfolio by 37.8% during the first quarter. Price T Rowe Associates Inc. MD now owns 15,216 shares of the company’s stock valued at $142,000 after buying an additional 4,170 shares during the last quarter.
About Duckhorn Portfolio
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.
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