Evercore ISI Initiates Coverage on The Duckhorn Portfolio (NYSE:NAPA)

Research analysts at Evercore ISI initiated coverage on shares of The Duckhorn Portfolio (NYSE:NAPA) in a report issued on Monday, Benzinga reports. The firm set an “outperform” rating and a $22.00 price target on the stock. Evercore ISI’s price objective suggests a potential upside of 19.89% from the stock’s previous close.

NAPA has been the topic of a number of other reports. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell assumed coverage on shares of The Duckhorn Portfolio in a report on Monday, April 12th. They issued a “buy” rating and a $22.00 price objective on the stock. Jefferies Financial Group assumed coverage on shares of The Duckhorn Portfolio in a report on Monday. They set a “buy” rating and a $22.00 target price on the stock. JPMorgan Chase & Co. assumed coverage on shares of The Duckhorn Portfolio in a report on Monday. They set an “overweight” rating and a $20.00 target price on the stock. Citigroup assumed coverage on shares of The Duckhorn Portfolio in a report on Monday, April 12th. They set a “buy” rating and a $22.00 target price on the stock. Finally, Credit Suisse Group assumed coverage on shares of The Duckhorn Portfolio in a report on Monday. They set an “outperform” rating and a $21.00 target price on the stock. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $20.78.

NYSE NAPA opened at $18.35 on Monday. The Duckhorn Portfolio has a 12-month low of $16.40 and a 12-month high of $20.73.

In other news, major shareholder Mallard Holdco, Llc sold 9,666,667 shares of the business’s stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $14.06, for a total value of $135,913,338.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

An institutional investor recently bought a new position in The Duckhorn Portfolio stock. Retirement Systems of Alabama bought a new stake in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 375,000 shares of the company’s stock, valued at approximately $6,293,000. Retirement Systems of Alabama owned 0.33% of The Duckhorn Portfolio as of its most recent filing with the Securities and Exchange Commission.

The Duckhorn Portfolio Company Profile

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 its products directly to California retailers and restaurants; and to distributors and agents located in other states throughout the United States, as well as to export distributors that sell internationally.

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Analyst Recommendations for The Duckhorn Portfolio (NYSE:NAPA)

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