The Duckhorn Portfolio, Inc. (NYSE:NAPA) Receives $10.01 Average Price Target from Analysts

The Duckhorn Portfolio, Inc. (NYSE:NAPA) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $10.01.

Several analysts recently commented on NAPA shares. Jefferies Financial Group cut Duckhorn Portfolio from a “buy” rating to a “hold” rating and set a $11.00 price target for the company. in a research report on Friday, December 6th. Royal Bank of Canada lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and upped their target price for the stock from $11.00 to $11.10 in a report on Friday, October 11th. Finally, Barclays increased their target price on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 8th.

Duckhorn Portfolio Price Performance

NYSE:NAPA opened at $11.09 on Friday. The stock has a 50 day moving average of $11.06 and a two-hundred day moving average of $8.87. Duckhorn Portfolio has a 12 month low of $5.38 and a 12 month high of $11.11. The firm has a market cap of $1.63 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 11.35 and a beta of 0.03. The company has a current ratio of 3.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.22.

Institutional Investors Weigh In On Duckhorn Portfolio

A number of hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. raised its stake in Duckhorn Portfolio by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 51,554 shares of the company’s stock worth $300,000 after purchasing an additional 1,792 shares during the period. Virtu Financial LLC acquired a new stake in shares of Duckhorn Portfolio during the 3rd quarter worth approximately $246,000. Barclays PLC raised its position in shares of Duckhorn Portfolio by 214.4% during the 3rd quarter. Barclays PLC now owns 234,138 shares of the company’s stock valued at $1,360,000 after buying an additional 159,668 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in Duckhorn Portfolio by 38.3% in the third quarter. Public Employees Retirement System of Ohio now owns 275,444 shares of the company’s stock valued at $1,600,000 after acquiring an additional 76,342 shares during the last quarter. Finally, CTC Alternative Strategies Ltd. purchased a new position in Duckhorn Portfolio in the third quarter worth approximately $74,000.

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.