ArrowMark Colorado Holdings LLC Makes New Investment in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

ArrowMark Colorado Holdings LLC bought a new stake in shares of The Duckhorn Portfolio, Inc. (NYSE:NAPA) during the 3rd quarter, HoldingsChannel.com reports. The fund bought 15,800 shares of the company’s stock, valued at approximately $92,000.

Several other hedge funds have also added to or reduced their stakes in the business. Atom Investors LP purchased a new position in shares of Duckhorn Portfolio in the third quarter worth about $2,327,000. Marshall Wace LLP purchased a new position in Duckhorn Portfolio in the 2nd quarter worth approximately $2,519,000. Verition Fund Management LLC lifted its position in Duckhorn Portfolio by 21.9% in the third quarter. Verition Fund Management LLC now owns 1,478,234 shares of the company’s stock valued at $8,589,000 after purchasing an additional 265,255 shares during the last quarter. Raymond James & Associates purchased a new stake in shares of Duckhorn Portfolio during the second quarter valued at approximately $1,466,000. Finally, River Road Asset Management LLC boosted its stake in shares of Duckhorn Portfolio by 6.1% during the third quarter. River Road Asset Management LLC now owns 3,312,046 shares of the company’s stock valued at $19,243,000 after purchasing an additional 190,498 shares during the period.

Duckhorn Portfolio Price Performance

Shares of Duckhorn Portfolio stock opened at $11.01 on Tuesday. The business has a 50 day moving average of $9.92 and a 200 day moving average of $8.04. The Duckhorn Portfolio, Inc. has a 52 week low of $5.38 and a 52 week high of $11.10. The company has a market cap of $1.62 billion, a PE ratio of 23.43, a P/E/G ratio of 9.48 and a beta of 0.03. The company has a quick ratio of 1.33, a current ratio of 8.05 and a debt-to-equity ratio of 0.24.

Duckhorn Portfolio (NYSE:NAPA) last issued its quarterly earnings data on Monday, October 7th. The company reported $0.14 EPS for the quarter, topping the consensus estimate of $0.10 by $0.04. The business had revenue of $107.40 million during the quarter, compared to analyst estimates of $104.76 million. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The company’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 EPS. As a group, equities research analysts forecast that The Duckhorn Portfolio, Inc. will post 0.6 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NAPA. Barclays lifted their target price on shares of Duckhorn Portfolio from $6.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th. Royal Bank of Canada cut shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and boosted their price objective for the company from $11.00 to $11.10 in a research report on Friday, October 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $9.85.

About Duckhorn Portfolio

The Duckhorn Portfolio, Inc produces and sells wines in North America. The company offers wines under a portfolio of brands, including Duckhorn Vineyards, Decoy, Goldeneye, Paraduxx, Migration, Canvasback, Calera, Kosta Browne, Greenwing, and Postmark. It sells wines to distributors, and directly to retail accounts and consumers.