Duckhorn Portfolio (NYSE:NAPA) Reaches New 12-Month Low Following Analyst Downgrade

The Duckhorn Portfolio, Inc. (NYSE:NAPAGet Rating)’s stock price hit a new 52-week low during trading on Thursday after Credit Suisse Group lowered their price target on the stock from $26.00 to $20.00. Credit Suisse Group currently has an outperform rating on the stock. Duckhorn Portfolio traded as low as $14.13 and last traded at $14.13, with a volume of 2597 shares changing hands. The stock had previously closed at $14.56.

NAPA has been the topic of several other reports. JPMorgan Chase & Co. downgraded shares of Duckhorn Portfolio from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $24.00 to $19.00 in a research report on Thursday, September 15th. Jefferies Financial Group dropped their price target on Duckhorn Portfolio from $28.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, September 14th. Evercore ISI decreased their price objective on Duckhorn Portfolio to $20.00 in a research report on Tuesday. Citigroup dropped their target price on Duckhorn Portfolio from $24.00 to $22.00 and set a “buy” rating on the stock in a report on Tuesday, August 2nd. Finally, Barclays dropped their price objective on shares of Duckhorn Portfolio from $21.00 to $19.00 in a research note on Thursday. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Duckhorn Portfolio currently has a consensus rating of “Moderate Buy” and an average target price of $20.50.

Insider Buying and Selling at Duckhorn Portfolio

In other news, insider Zach Rasmuson sold 25,000 shares of the company’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 sale, the insider now owns 422,685 shares in the company, valued at approximately $8,529,783.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Zach Rasmuson sold 25,000 shares of Duckhorn Portfolio stock in a transaction on Friday, July 1st. The shares were sold at an average price of $20.18, for a total value of $504,500.00. Following the transaction, the insider now owns 422,685 shares in the company, valued at approximately $8,529,783.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Mallard Holdco, Llc sold 5,000,000 shares of the business’s stock in a transaction on Monday, July 11th. The stock was sold at an average price of $19.25, for a total transaction of $96,250,000.00. Following 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. Corporate insiders own 3.70% of the company’s stock.

Institutional Investors Weigh In On Duckhorn Portfolio

Several hedge funds have recently modified their holdings of NAPA. Amalgamated Bank acquired a new stake in Duckhorn Portfolio in the 1st quarter worth $97,000. Nkcfo LLC acquired a new position in Duckhorn Portfolio in the 2nd quarter valued at approximately $99,000. Lazard Asset Management LLC bought a new stake in shares of Duckhorn Portfolio in the 2nd quarter worth approximately $100,000. Quantbot Technologies LP acquired a new stake in Duckhorn Portfolio during the first quarter worth $185,000. Finally, Toroso Investments LLC increased its holdings in Duckhorn Portfolio by 23.2% in the 1st quarter. Toroso Investments LLC now owns 11,646 shares of the company’s stock valued at $212,000 after buying an additional 2,191 shares during the period. 99.15% of the stock is owned by institutional investors.

Duckhorn Portfolio Trading Down 1.2 %

The business’s 50 day moving average price is $18.07 and its 200-day moving average price is $18.84. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 26.65, a PEG ratio of 2.06 and a beta of -0.29. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.02 and a current ratio of 6.24.

Duckhorn Portfolio Company Profile

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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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