Duckhorn Portfolio (NYSE:NAPA) Price Target Cut to $19.00

Duckhorn Portfolio (NYSE:NAPAGet Rating) had its price objective reduced by Barclays from $21.00 to $19.00 in a report issued on Thursday, The Fly reports.

Several other brokerages have also commented on NAPA. Evercore ISI lowered their price objective on Duckhorn Portfolio to $20.00 in a research report on Tuesday. Jefferies Financial Group lowered their price objective on Duckhorn Portfolio from $28.00 to $23.00 and set a buy rating for the company in a research report on Wednesday, September 14th. Citigroup lowered their price objective on Duckhorn Portfolio from $24.00 to $22.00 and set a buy rating for the company in a research report on Tuesday, August 2nd. Finally, JPMorgan Chase & Co. lowered Duckhorn Portfolio from an overweight rating to a neutral rating and lowered their price objective for the company from $24.00 to $19.00 in a research report on Thursday, September 15th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $20.50.

Duckhorn Portfolio Stock Performance

NYSE:NAPA opened at $14.39 on Thursday. The stock has a market cap of $1.66 billion, a P/E ratio of 26.65, a price-to-earnings-growth ratio of 2.06 and a beta of -0.29. The firm’s fifty day simple moving average is $18.07 and its 200 day simple moving average is $18.84. Duckhorn Portfolio has a twelve month low of $14.05 and a twelve month high of $25.25. The company has a quick ratio of 1.02, a current ratio of 6.24 and a debt-to-equity ratio of 0.26.

Insider Transactions at Duckhorn Portfolio

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

Hedge Funds Weigh In On Duckhorn Portfolio

Hedge funds have recently bought and sold shares of the business. Amalgamated Bank purchased a new position in Duckhorn Portfolio in the 1st quarter worth about $97,000. Nkcfo LLC purchased a new position in Duckhorn Portfolio in the 2nd quarter worth about $99,000. Lazard Asset Management LLC purchased a new position in Duckhorn Portfolio in the 2nd quarter worth about $100,000. Quantbot Technologies LP bought a new stake in shares of Duckhorn Portfolio during the 1st quarter valued at about $185,000. Finally, Toroso Investments LLC grew its stake in shares of Duckhorn Portfolio by 23.2% during the 1st quarter. Toroso Investments LLC now owns 11,646 shares of the company’s stock valued at $212,000 after purchasing an additional 2,191 shares during the period. Hedge funds and other institutional investors own 99.15% of the company’s stock.

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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