Duckhorn Portfolio (NYSE:NAPA) Stock Rating Lowered by Royal Bank of Canada

Royal Bank of Canada cut shares of Duckhorn Portfolio (NYSE:NAPA) from an outperform rating to a sector perform rating in a research report released on Friday morning, Marketbeat.com reports. The firm currently has $11.10 target price on the stock, up from their previous target price of $11.00.

Separately, Barclays raised their price objective on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an equal weight rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $10.30.

Duckhorn Portfolio Trading Up 0.2 %

NYSE:NAPA opened at $10.97 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.05 and a quick ratio of 1.04. The firm has a 50-day moving average of $6.72 and a 200-day moving average of $7.42. The company has a market cap of $1.61 billion, a PE ratio of 20.31, a PEG ratio of 9.43 and a beta of 0.21. Duckhorn Portfolio has a one year low of $5.38 and a one year high of $11.08.

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

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Janney Montgomery Scott LLC purchased a new position in Duckhorn Portfolio in the 1st quarter worth $878,000. Capstone Investment Advisors LLC bought a new position in shares of Duckhorn Portfolio in the first quarter worth approximately $1,387,000. Stokes Family Office LLC purchased a new position in shares of Duckhorn Portfolio during the first quarter valued at approximately $1,255,000. Westwood Holdings Group Inc. raised its holdings in shares of Duckhorn Portfolio by 4.6% during the first quarter. Westwood Holdings Group Inc. now owns 3,523,191 shares of the company’s stock valued at $32,801,000 after purchasing an additional 154,320 shares during the last quarter. Finally, Kennedy Capital Management LLC increased its position in shares of Duckhorn Portfolio by 41.2% during the 1st quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock valued at $4,261,000 after purchasing an additional 133,579 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.