SG Americas Securities LLC Acquires 16,765 Shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA)

SG Americas Securities LLC lifted its stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA – Get Rating) by 57.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,089 shares of the company’s stock after buying an additional 16,765 shares during the period. SG Americas Securities LLC’s holdings in Duckhorn Portfolio were worth $665,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Duckhorn Portfolio by 10,674.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 557,817 shares of the company’s stock worth $11,747,000 after acquiring an additional 552,640 shares during the period. UBS Asset Management Americas Inc. increased its stake in shares of Duckhorn Portfolio by 1,184.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 408,420 shares of the company’s stock valued at $8,601,000 after purchasing an additional 376,620 shares during the last quarter. Driehaus Capital Management LLC increased its stake in shares of Duckhorn Portfolio by 11.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,416,568 shares of the company’s stock valued at $50,893,000 after purchasing an additional 240,610 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Duckhorn Portfolio by 597.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 238,182 shares of the company’s stock valued at $4,332,000 after purchasing an additional 204,039 shares during the last quarter. Finally, Federated Hermes Inc. increased its stake in shares of Duckhorn Portfolio by 7.5% in the 1st quarter. Federated Hermes Inc. now owns 2,279,202 shares of the company’s stock valued at $41,458,000 after purchasing an additional 159,389 shares during the last quarter. 97.75% of the stock is currently owned by institutional investors.

Duckhorn Portfolio Stock Performance

Shares of NAPA stock opened at $16.30 on Friday. The Duckhorn Portfolio, Inc. has a one year low of $12.64 and a one year high of $22.29. The business’s 50 day simple moving average is $16.16 and its 200 day simple moving average is $16.58. The stock has a market capitalization of $1.88 billion, a PE ratio of 31.35, a PEG ratio of 4.84 and a beta of 0.18. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.88 and a quick ratio of 0.59.

Analyst Ratings Changes

A number of research analysts have recently commented on NAPA shares. Barclays increased their target price on shares of Duckhorn Portfolio from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Monday, December 12th. Wedbush initiated coverage on shares of Duckhorn Portfolio in a research note on Monday, October 10th. They set an “outperform” rating and a $18.00 target price on the stock. TheStreet raised shares of Duckhorn Portfolio from a “d+” rating to a “c-” rating in a research note on Thursday, December 22nd. Citigroup increased their target price on Duckhorn Portfolio to $20.00 in a research report on Monday, December 12th. Finally, Jefferies Financial Group dropped their target price on Duckhorn Portfolio from $23.00 to $21.00 in a research report on Thursday, September 29th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.78.

Duckhorn Portfolio 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, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. The company sells wines to distributors, and directly to retail accounts and consumers.