The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPAGet Rating) have earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $23.25.

Several equities analysts recently issued reports on NAPA shares. Jefferies Financial Group lowered their price target on Duckhorn Portfolio from $28.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, September 14th. Barclays boosted their price target on Duckhorn Portfolio from $20.00 to $21.00 and gave the company an “equal weight” rating in a research note on Monday, June 6th. JPMorgan Chase & Co. lowered Duckhorn Portfolio from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $24.00 to $19.00 in a research note on Thursday. Finally, Citigroup lowered their price target on Duckhorn Portfolio from $24.00 to $22.00 and set a “buy” rating on the stock in a research note on Tuesday, August 2nd.

Duckhorn Portfolio Price Performance

NYSE NAPA opened at $14.31 on Monday. Duckhorn Portfolio has a twelve month low of $14.24 and a twelve month high of $25.25. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 6.24. The stock has a market capitalization of $1.65 billion, a PE ratio of 26.50, a P/E/G ratio of 1.92 and a beta of -0.29. The stock has a 50-day simple moving average of $18.39 and a 200 day simple moving average of $18.95.

Insider Activity at Duckhorn Portfolio

In other news, insider Zach Rasmuson sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, July 1st. The stock was sold at an average price of $20.18, for a total value of $504,500.00. Following the transaction, the insider now directly owns 422,685 shares of the company’s stock, valued at approximately $8,529,783.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Duckhorn Portfolio news, major shareholder Mallard Holdco, Llc sold 5,000,000 shares of the stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $19.25, for a total transaction of $96,250,000.00. Following the sale, the insider now owns 69,150,301 shares of the company’s stock, valued at approximately $1,331,143,294.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Zach Rasmuson sold 25,000 shares of the business’s stock in a transaction dated Friday, July 1st. The stock was sold at an average price of $20.18, for a total transaction of $504,500.00. Following the completion of the transaction, the insider now directly owns 422,685 shares of the company’s stock, valued at $8,529,783.30. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by insiders.

Institutional Trading of Duckhorn Portfolio

Hedge funds have recently modified their holdings of the stock. Nkcfo LLC acquired a new position in shares of Duckhorn Portfolio during the second quarter valued at $99,000. Lazard Asset Management LLC acquired a new position in Duckhorn Portfolio during the 2nd quarter valued at about $100,000. Amalgamated Bank bought a new position in shares of Duckhorn Portfolio in the 1st quarter valued at about $97,000. Quantbot Technologies LP acquired a new stake in shares of Duckhorn Portfolio during the 1st quarter worth approximately $185,000. Finally, Arizona State Retirement System acquired a new stake in shares of Duckhorn Portfolio during the 2nd quarter worth approximately $230,000. 99.15% of the stock is owned by institutional investors.

About Duckhorn Portfolio

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The Duckhorn Portfolio, Inc produces and sells wines in North America. It offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Kosta Browne, Goldeneye, Paraduxx, Calera, Migration, Canvasback, Greenwing, and Postmark. The company sells wines to distributors, and directly to retail accounts and consumers.

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Analyst Recommendations for Duckhorn Portfolio (NYSE:NAPA)

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