Bank of New York Mellon Corp Has $1.72 Million Stake in The Duckhorn Portfolio, Inc. (NYSE:NAPA)

Bank of New York Mellon Corp increased its holdings in The Duckhorn Portfolio, Inc. (NYSE:NAPA) by 15.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 242,539 shares of the company’s stock after buying an additional 33,024 shares during the period. Bank of New York Mellon Corp owned 0.16% of Duckhorn Portfolio worth $1,722,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Teacher Retirement System of Texas raised its position in Duckhorn Portfolio by 49.4% during the fourth quarter. Teacher Retirement System of Texas now owns 20,483 shares of the company’s stock valued at $202,000 after purchasing an additional 6,771 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Duckhorn Portfolio by 7.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,577,702 shares of the company’s stock worth $35,241,000 after buying an additional 254,641 shares during the last quarter. Aigen Investment Management LP grew its stake in shares of Duckhorn Portfolio by 78.0% during the fourth quarter. Aigen Investment Management LP now owns 22,899 shares of the company’s stock worth $226,000 after buying an additional 10,032 shares during the last quarter. Isthmus Partners LLC bought a new stake in shares of Duckhorn Portfolio during the fourth quarter worth $215,000. Finally, Southeast Asset Advisors Inc. grew its stake in shares of Duckhorn Portfolio by 136.8% during the fourth quarter. Southeast Asset Advisors Inc. now owns 67,291 shares of the company’s stock worth $663,000 after buying an additional 38,870 shares during the last quarter.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NAPA. Royal Bank of Canada reduced their price objective on shares of Duckhorn Portfolio from $14.00 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. Citigroup reduced their price objective on shares of Duckhorn Portfolio from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, BMO Capital Markets reduced their price objective on shares of Duckhorn Portfolio from $10.00 to $9.00 and set a “market perform” rating on the stock in a research note on Friday, June 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $9.86.

Duckhorn Portfolio Price Performance

NAPA stock opened at $5.88 on Thursday. The firm has a market cap of $864.67 million, a price-to-earnings ratio of 10.89, a PEG ratio of 4.76 and a beta of 0.22. The company has a quick ratio of 1.04, a current ratio of 8.09 and a debt-to-equity ratio of 0.24. The Duckhorn Portfolio, Inc. has a 12-month low of $5.55 and a 12-month high of $12.27. The company’s fifty day simple moving average is $6.66 and its 200 day simple moving average is $7.65.

Duckhorn Portfolio 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.