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

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) have been given a consensus rating of “Hold” by the seven brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $9.86.

A number of research analysts recently issued reports on NAPA shares. Barclays dropped their price objective on shares of Duckhorn Portfolio from $8.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Friday. BMO Capital Markets cut their price target on Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Friday, June 7th. Finally, Citigroup lowered their price objective 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.

Institutional Investors Weigh In On Duckhorn Portfolio

Several large investors have recently bought and sold shares of NAPA. The Manufacturers Life Insurance Company boosted its holdings in Duckhorn Portfolio by 16.9% in the second quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company’s stock worth $154,000 after purchasing an additional 3,129 shares during the last quarter. Mcmorgan & Co. LLC lifted its holdings in shares of Duckhorn Portfolio by 9.3% during the 2nd quarter. Mcmorgan & Co. LLC now owns 250,708 shares of the company’s stock valued at $1,780,000 after buying an additional 21,430 shares during the period. Squarepoint Ops LLC purchased a new position in shares of Duckhorn Portfolio in the 2nd quarter worth $175,000. Marshall Wace LLP bought a new stake in shares of Duckhorn Portfolio in the second quarter worth $2,519,000. Finally, Westwood Holdings Group Inc. increased its position in Duckhorn Portfolio by 4.0% during the second quarter. Westwood Holdings Group Inc. now owns 3,663,304 shares of the company’s stock valued at $26,009,000 after acquiring an additional 140,113 shares during the last quarter.

Duckhorn Portfolio Stock Down 0.6 %

Duckhorn Portfolio stock traded down $0.03 on Friday, hitting $5.40. 1,541,711 shares of the stock traded hands, compared to its average volume of 1,089,620. 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 $794.08 million, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 4.86 and a beta of 0.21. The company has a current ratio of 8.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $6.29 and its 200 day simple moving average is $7.39.

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.