Ballentine Partners LLC Purchases New Position in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Ballentine Partners LLC purchased a new stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 15,320 shares of the company’s stock, valued at approximately $89,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Simon Quick Advisors LLC purchased a new stake in shares of Duckhorn Portfolio in the second quarter valued at about $85,000. Canada Pension Plan Investment Board purchased a new stake in shares of Duckhorn Portfolio in the second quarter valued at about $101,000. Bayesian Capital Management LP purchased a new stake in shares of Duckhorn Portfolio in the first quarter valued at about $133,000. Bleakley Financial Group LLC purchased a new stake in shares of Duckhorn Portfolio in the first quarter valued at about $136,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in shares of Duckhorn Portfolio during the third quarter worth about $88,000.

Duckhorn Portfolio Stock Up 0.1 %

Shares of NYSE NAPA opened at $10.98 on Thursday. The Duckhorn Portfolio, Inc. has a 12-month low of $5.38 and a 12-month high of $11.08. The company has a market capitalization of $1.62 billion, a PE ratio of 23.36, a price-to-earnings-growth ratio of 9.44 and a beta of 0.21. The company has a debt-to-equity ratio of 0.24, a current ratio of 8.05 and a quick ratio of 1.33. The firm’s 50-day moving average is $7.76 and its two-hundred day moving average is $7.61.

Duckhorn Portfolio (NYSE:NAPA) last announced its quarterly earnings results on Monday, October 7th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.04. Duckhorn Portfolio had a net margin of 13.81% and a return on equity of 6.24%. The company had revenue of $107.40 million for the quarter, compared to the consensus estimate of $104.76 million. During the same quarter in the prior year, the firm earned $0.14 earnings per share. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts anticipate that The Duckhorn Portfolio, Inc. will post 0.6 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NAPA. Royal Bank of Canada lowered shares of Duckhorn Portfolio from an “outperform” rating to a “sector perform” rating and boosted their price target for the stock from $11.00 to $11.10 in a research note on Friday, October 11th. Barclays boosted their price target 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. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $10.30.

Duckhorn Portfolio Company Profile

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.