Duckhorn Portfolio (NYSE:NAPA) Receives Outperform Rating from Wedbush

Duckhorn Portfolio (NYSE:NAPA)‘s stock had its “outperform” rating reissued by research analysts at Wedbush in a research note issued to investors on Friday, Benzinga reports. They presently have a $15.00 target price on the stock. Wedbush’s price target points to a potential upside of 40.19% from the company’s current price.

Several other research analysts have also recently weighed in on the stock. Royal Bank of Canada cut their price target on shares of Duckhorn Portfolio from $23.00 to $19.00 and set an “outperform” rating on the stock in a report on Monday, September 25th. TheStreet downgraded Duckhorn Portfolio from a “c-” rating to a “d+” rating in a research note on Tuesday, October 3rd. BMO Capital Markets assumed coverage on Duckhorn Portfolio in a research report on Tuesday, September 5th. They set a “market perform” rating and a $14.00 price target for the company. Jefferies Financial Group started coverage on Duckhorn Portfolio in a report on Monday. They set a “buy” rating and a $13.00 price target on the stock. Finally, Bank of America reduced their price objective on Duckhorn Portfolio from $20.00 to $18.00 and set a “buy” rating for the company in a research note on Tuesday, August 15th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $16.00.

Duckhorn Portfolio Stock Down 1.2 %

NAPA stock opened at $10.70 on Friday. The stock’s 50 day moving average is $10.75 and its 200-day moving average is $12.33. Duckhorn Portfolio has a twelve month low of $9.32 and a twelve month high of $17.92. The firm has a market capitalization of $1.23 billion, a PE ratio of 17.83, a P/E/G ratio of 2.26 and a beta of 0.25. The company has a quick ratio of 0.88, a current ratio of 5.20 and a debt-to-equity ratio of 0.24.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings data on Wednesday, September 27th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. Duckhorn Portfolio had a return on equity of 7.98% and a net margin of 17.20%. The business had revenue of $100.10 million for the quarter, compared to analysts’ expectations of $100.61 million. Sell-side analysts expect that Duckhorn Portfolio will post 0.65 EPS for the current fiscal year.

Insider Buying and Selling at Duckhorn Portfolio

In other Duckhorn Portfolio news, insider Deirdre Mahlan bought 5,000 shares of Duckhorn Portfolio stock in a transaction dated Wednesday, October 4th. The stock was purchased at an average price of $9.95 per share, for a total transaction of $49,750.00. Following the completion of the purchase, the insider now directly owns 5,000 shares of the company’s stock, valued at $49,750. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.40% of the stock is owned by corporate insiders.

Institutional Trading of Duckhorn Portfolio

Several institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James & Associates increased its stake in Duckhorn Portfolio by 2.5% in the 1st quarter. Raymond James & Associates now owns 25,384 shares of the company’s stock worth $462,000 after acquiring an additional 626 shares during the last quarter. American International Group Inc. lifted its position in Duckhorn Portfolio by 4.3% during the second quarter. American International Group Inc. now owns 21,140 shares of the company’s stock valued at $274,000 after purchasing an additional 875 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Duckhorn Portfolio by 4.7% in the 2nd quarter. MetLife Investment Management LLC now owns 22,283 shares of the company’s stock worth $289,000 after buying an additional 1,008 shares during the last quarter. AdvisorShares Investments LLC lifted its holdings in shares of Duckhorn Portfolio by 10.5% during the 3rd quarter. AdvisorShares Investments LLC now owns 11,998 shares of the company’s stock worth $123,000 after acquiring an additional 1,137 shares during the last quarter. Finally, Swiss National Bank grew its position in Duckhorn Portfolio by 1.1% in the third quarter. Swiss National Bank now owns 114,000 shares of the company’s stock worth $1,170,000 after acquiring an additional 1,200 shares in the last quarter. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

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.