Royal Bank of Canada Lowers Duckhorn Portfolio (NYSE:NAPA) to Sector Perform

Royal Bank of Canada lowered shares of Duckhorn Portfolio (NYSE:NAPA) from an outperform rating to a sector perform rating in a research report released on Friday, MarketBeat.com reports. They currently have $11.10 price objective on the stock, up from their prior price objective of $11.00.

Separately, Barclays upped their price objective 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. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and an average target price of $10.30.

Duckhorn Portfolio Price Performance

Shares of NYSE:NAPA opened at $10.94 on Friday. The company has a market cap of $1.61 billion, a price-to-earnings ratio of 23.28, a PEG ratio of 9.43 and a beta of 0.21. The business has a 50 day moving average price of $6.63 and a 200 day moving average price of $7.41. The company has a quick ratio of 1.04, a current ratio of 8.05 and a debt-to-equity ratio of 0.24. Duckhorn Portfolio has a twelve month low of $5.38 and a twelve month high of $11.08.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings data on Monday, October 7th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.04. The business had revenue of $107.40 million for the quarter, compared to the consensus estimate of $104.76 million. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. Duckhorn Portfolio’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $0.14 earnings per share. Research analysts predict that Duckhorn Portfolio will post 0.6 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NAPA. Bessemer Group Inc. raised its holdings in shares of Duckhorn Portfolio by 8.7% in the 1st quarter. Bessemer Group Inc. now owns 18,750 shares of the company’s stock worth $175,000 after buying an additional 1,505 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in Duckhorn Portfolio by 9.2% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 18,456 shares of the company’s stock worth $172,000 after acquiring an additional 1,555 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in Duckhorn Portfolio by 16.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,675 shares of the company’s stock valued at $154,000 after purchasing an additional 3,129 shares in the last quarter. Sei Investments Co. raised its position in Duckhorn Portfolio by 7.6% in the 2nd quarter. Sei Investments Co. now owns 54,093 shares of the company’s stock valued at $384,000 after purchasing an additional 3,829 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in Duckhorn Portfolio by 37.8% in the first quarter. Price T Rowe Associates Inc. MD now owns 15,216 shares of the company’s stock worth $142,000 after purchasing an additional 4,170 shares in the last quarter.

Duckhorn Portfolio Company Profile

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.