Investors Purchase High Volume of Call Options on Duckhorn Portfolio (NYSE:NAPA)

The Duckhorn Portfolio, Inc. (NYSE:NAPA) was the target of unusually large options trading activity on Monday. Investors bought 8,466 call options on the stock. This is an increase of approximately 5,397% compared to the average daily volume of 154 call options.

Institutional Trading of Duckhorn Portfolio

Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC purchased a new stake in Duckhorn Portfolio during the first quarter worth about $878,000. Capstone Investment Advisors LLC purchased a new position in Duckhorn Portfolio during the first quarter valued at approximately $1,387,000. Stokes Family Office LLC purchased a new position in Duckhorn Portfolio during the first quarter valued at approximately $1,255,000. Westwood Holdings Group Inc. grew its stake in Duckhorn Portfolio by 4.6% during the first quarter. Westwood Holdings Group Inc. now owns 3,523,191 shares of the company’s stock valued at $32,801,000 after acquiring an additional 154,320 shares in the last quarter. Finally, Kennedy Capital Management LLC grew its stake in Duckhorn Portfolio by 41.2% during the first quarter. Kennedy Capital Management LLC now owns 457,681 shares of the company’s stock valued at $4,261,000 after acquiring an additional 133,579 shares in the last quarter.

Analyst Ratings Changes

Separately, Barclays dropped their price objective on shares of Duckhorn Portfolio from $8.00 to $6.00 and set an “equal weight” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $9.57.

Duckhorn Portfolio Stock Up 102.7 %

Shares of NYSE NAPA opened at $10.95 on Tuesday. Duckhorn Portfolio has a 12-month low of $5.38 and a 12-month high of $11.08. The firm has a market cap of $1.61 billion, a PE ratio of 20.15, a P/E/G ratio of 4.86 and a beta of 0.21. The company’s fifty day simple moving average is $6.25 and its 200 day simple moving average is $7.35. The company has a quick ratio of 1.04, a current ratio of 8.09 and a debt-to-equity ratio of 0.24.

Duckhorn Portfolio (NYSE:NAPA) last released its quarterly earnings data on Monday, October 7th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.04. Duckhorn Portfolio had a net margin of 15.69% and a return on equity of 6.45%. The firm had revenue of $107.40 million for the quarter, compared to analyst estimates of $104.76 million. During the same period last year, the firm earned $0.14 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Duckhorn Portfolio will post 0.52 earnings per share for the current fiscal year.

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.