Evercore ISI Cuts Duckhorn Portfolio (NYSE:NAPA) Price Target to $20.00

Duckhorn Portfolio (NYSE:NAPAGet Rating) had its price objective reduced by Evercore ISI to $20.00 in a research note published on Tuesday, Stock Target Advisor reports.

A number of other equities research analysts have also recently issued reports on NAPA. JPMorgan Chase & Co. cut shares of Duckhorn Portfolio from an overweight rating to a neutral rating and decreased their price target for the company from $24.00 to $19.00 in a report on Thursday, September 15th. Jefferies Financial Group decreased their price target on shares of Duckhorn Portfolio from $28.00 to $23.00 and set a buy rating for the company in a report on Wednesday, September 14th. Citigroup decreased their price target on shares of Duckhorn Portfolio from $24.00 to $22.00 and set a buy rating for the company in a report on Tuesday, August 2nd. Finally, Barclays upped their price target on shares of Duckhorn Portfolio from $20.00 to $21.00 and gave the company an equal weight rating in a report on Monday, June 6th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus price target of $20.50.

Duckhorn Portfolio Stock Down 1.2 %

NAPA stock opened at $14.39 on Tuesday. The company has a current ratio of 6.24, a quick ratio of 1.02 and a debt-to-equity ratio of 0.26. Duckhorn Portfolio has a 1 year low of $14.05 and a 1 year high of $25.25. The company has a fifty day simple moving average of $18.07 and a 200 day simple moving average of $18.84. The firm has a market cap of $1.66 billion, a PE ratio of 26.65, a PEG ratio of 2.06 and a beta of -0.29.

Insider Activity at Duckhorn Portfolio

In related news, major shareholder Mallard Holdco, Llc sold 5,000,000 shares of the stock in a transaction dated Monday, July 11th. The shares were 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 $1,331,143,294.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Mallard Holdco, Llc sold 5,000,000 shares of the stock in a transaction dated Monday, July 11th. The shares were 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 $1,331,143,294.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Zach Rasmuson sold 25,000 shares of the 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 transaction, the insider now directly owns 422,685 shares of the company’s stock, valued at approximately $8,529,783.30. The disclosure for this sale can be found here. 3.70% of the stock is owned by corporate insiders.

Institutional Trading of Duckhorn Portfolio

Several hedge funds have recently modified their holdings of the company. Raymond James & Associates increased its holdings in shares of Duckhorn Portfolio by 2.5% during the first quarter. Raymond James & Associates now owns 25,384 shares of the company’s stock worth $462,000 after buying an additional 626 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Duckhorn Portfolio by 1.2% in the first quarter. Oppenheimer Asset Management Inc. now owns 56,293 shares of the company’s stock valued at $1,024,000 after purchasing an additional 666 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of Duckhorn Portfolio by 6.5% in the second quarter. Brown Advisory Inc. now owns 11,152 shares of the company’s stock valued at $235,000 after purchasing an additional 679 shares in the last quarter. Toroso Investments LLC increased its holdings in shares of Duckhorn Portfolio by 23.2% in the first 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 in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of Duckhorn Portfolio by 27.4% in the first quarter. HighTower Advisors LLC now owns 11,824 shares of the company’s stock valued at $213,000 after purchasing an additional 2,545 shares in the last quarter. Institutional investors and hedge funds 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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