The Duckhorn Portfolio (NYSE:NAPA) Issues Quarterly Earnings Results

The Duckhorn Portfolio (NYSE:NAPA) posted its quarterly earnings results on Sunday. The company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.07, MarketWatch Earnings reports.

The Duckhorn Portfolio stock opened at $23.52 on Tuesday. The stock’s fifty day moving average is $22.04 and its two-hundred day moving average is $20.49. The Duckhorn Portfolio has a 1-year low of $16.16 and a 1-year high of $24.55. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 5.10.

In related news, insider Pete Przybylinski sold 31,115 shares of the company’s stock in a transaction that occurred on Thursday, September 16th. The shares were sold at an average price of $22.00, for a total value of $684,530.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Zach Rasmuson sold 9,442 shares of the stock in a transaction on Monday, September 27th. The stock was sold at an average price of $22.56, for a total transaction of $213,011.52. The disclosure for this sale can be found here. In the last three months, insiders have sold 74,044 shares of company stock worth $1,650,455.

A number of institutional investors and hedge funds have recently bought and sold shares of NAPA. Royal Bank of Canada grew its position in The Duckhorn Portfolio by 24.9% in the 2nd quarter. Royal Bank of Canada now owns 4,299 shares of the company’s stock valued at $94,000 after purchasing an additional 857 shares during the period. Morgan Stanley bought a new position in shares of The Duckhorn Portfolio during the first quarter valued at approximately $136,000. Bank of America Corp DE grew its stake in The Duckhorn Portfolio by 1,792.6% in the second quarter. Bank of America Corp DE now owns 9,936 shares of the company’s stock worth $219,000 after purchasing an additional 9,411 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of The Duckhorn Portfolio by 1,860.3% during the second quarter. Wells Fargo & Company MN now owns 19,603 shares of the company’s stock valued at $432,000 after purchasing an additional 18,603 shares in the last quarter. 19.81% of the stock is owned by institutional investors and hedge funds.

Several research analysts have commented on the stock. upped their target price on shares of The Duckhorn Portfolio from $22.00 to $25.00 and gave the stock a “buy” rating in a research report on Wednesday, June 9th. Citigroup boosted their price objective on shares of The Duckhorn Portfolio from $25.00 to $28.00 and gave the company a “buy” rating in a report on Tuesday. Royal Bank of Canada boosted their price objective on shares of The Duckhorn Portfolio from $22.00 to $23.00 and gave the stock a “sector perform” rating in a research report on Tuesday. Zacks Investment Research lowered shares of The Duckhorn Portfolio from a “buy” rating to a “hold” rating in a research report on Friday, August 6th. Finally, Credit Suisse Group upped their price objective on shares of The Duckhorn Portfolio from $23.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $23.00.

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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