The Duckhorn Portfolio (NYSE:NAPA) Releases Earnings Results, Beats Estimates By $0.07 EPS

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

Shares of NAPA stock opened at $23.52 on Tuesday. The firm has a fifty day simple moving average of $22.04 and a 200-day simple moving average of $20.49. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.90 and a current ratio of 5.10. The Duckhorn Portfolio has a twelve month low of $16.16 and a twelve month high of $24.55.

In related news, insider Pete Przybylinski sold 31,115 shares of the stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Zach Rasmuson sold 9,442 shares of the firm’s stock in a transaction dated Monday, September 27th. The shares were 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. Insiders sold 74,044 shares of company stock valued at $1,650,455 over the last 90 days.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of The Duckhorn Portfolio by 24.9% in the second quarter. Royal Bank of Canada now owns 4,299 shares of the company’s stock worth $94,000 after purchasing an additional 857 shares in the last quarter. Morgan Stanley purchased a new stake in shares of The Duckhorn Portfolio in the first quarter worth approximately $136,000. Bank of America Corp DE lifted its position in shares of 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 in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of The Duckhorn Portfolio by 1,860.3% in the second quarter. Wells Fargo & Company MN now owns 19,603 shares of the company’s stock worth $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.

NAPA has been the subject of several research analyst reports. Royal Bank of Canada upped their price target 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. Citigroup upped their price target on shares of The Duckhorn Portfolio from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Tuesday. Credit Suisse Group upped their price target on shares of The Duckhorn Portfolio from $23.00 to $25.00 and gave the stock an “outperform” rating in a research report on Tuesday. upped their price target 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. Finally, Zacks Investment Research downgraded shares of The Duckhorn Portfolio from a “buy” rating to a “hold” rating in a research note on Friday, August 6th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, The Duckhorn Portfolio currently has an average rating of “Buy” and an average price target 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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