The Duckhorn Portfolio (NYSE:NAPA) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS

The Duckhorn Portfolio (NYSE:NAPA) issued its quarterly earnings results on Sunday. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.10, Fidelity Earnings reports.

Shares of NYSE NAPA traded up $3.14 during trading on Tuesday, reaching $22.07. 45,649 shares of the company traded hands, compared to its average volume of 481,170. The firm’s 50 day moving average price is $18.17. The company has a quick ratio of 0.68, a current ratio of 5.42 and a debt-to-equity ratio of 0.56. The Duckhorn Portfolio has a 52-week low of $16.16 and a 52-week high of $20.73.

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

A hedge fund recently bought a new stake in The Duckhorn Portfolio stock. Morgan Stanley acquired a new position in The Duckhorn Portfolio, Inc. (NYSE:NAPA) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,120 shares of the company’s stock, valued at approximately $136,000. Institutional investors and hedge funds own 15.12% of the company’s stock.

A number of analysts have weighed in on NAPA shares. Jefferies Financial Group started coverage on shares of The Duckhorn Portfolio in a research note on Monday, April 12th. They set a “buy” rating and a $22.00 price objective for the company. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell started coverage on shares of The Duckhorn Portfolio in a research note on Monday, April 12th. They set a “buy” rating and a $22.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of The Duckhorn Portfolio in a research note on Monday, April 12th. They set an “overweight” rating and a $20.00 price objective for the company. Royal Bank of Canada started coverage on shares of The Duckhorn Portfolio in a research note on Monday, April 12th. They set a “sector perform” rating and a $19.00 price objective for the company. Finally, Credit Suisse Group raised their price objective on shares of The Duckhorn Portfolio from $21.00 to $23.00 and gave the company an “outperform” rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $21.00.

About The Duckhorn Portfolio

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.

Further Reading: 52 Week Highs and Lows

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