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

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $10.01.

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

Hedge Funds Weigh In On Duckhorn Portfolio

Several institutional investors have recently bought and sold shares of the business. The Manufacturers Life Insurance Company increased its holdings in shares of Duckhorn Portfolio by 16.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company’s stock valued at $154,000 after acquiring an additional 3,129 shares during the period. Sei Investments Co. grew its stake in Duckhorn Portfolio by 7.6% in the second quarter. Sei Investments Co. now owns 54,093 shares of the company’s stock valued at $384,000 after purchasing an additional 3,829 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new position in Duckhorn Portfolio in the third quarter worth about $31,000. Rhumbline Advisers lifted its position in shares of Duckhorn Portfolio by 7.4% during the second quarter. Rhumbline Advisers now owns 79,865 shares of the company’s stock valued at $567,000 after buying an additional 5,497 shares during the last quarter. Finally, American Century Companies Inc. boosted its holdings in shares of Duckhorn Portfolio by 56.6% in the 2nd quarter. American Century Companies Inc. now owns 23,064 shares of the company’s stock valued at $164,000 after buying an additional 8,335 shares in the last quarter.

Duckhorn Portfolio Stock Down 0.2 %

Shares of NYSE:NAPA opened at $11.09 on Wednesday. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.73 and a quick ratio of 0.61. The business has a 50 day simple moving average of $11.02 and a two-hundred day simple moving average of $8.39. Duckhorn Portfolio has a 1 year low of $5.38 and a 1 year high of $11.11. The firm has a market capitalization of $1.63 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 11.35 and a beta of 0.03.

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

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.